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Rise in rents outpaces increase in salaries

Rent are up, but salaries have not kept pace according to a new study by KPMG Cyprus. It shows that rents at the end of 2018 were up an annual 16.7% while salaries rose by only 2.7%. As regards the fourth quarter of 2018, house prices rose by 2.4% and apartment prices by 4.5% on…
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Cyprus 5th Safest Country

Cyprus is now one of the safest countries in the world. That’s according to a Value Penguin that analyzed 107 different nations. The island country – located in Eastern Mediterranean – posed an outstanding challenge to well-known heavyweights in global safety indices, outdoing countries such as Denmark and Germany. Cyprus came fifth behind Switzerland, Singapore,…
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Cyprus in top 20 of healthiest countries

Cyprus has been ranked 18 out of 163 countries on the Bloomberg Global Health Index , published on Monday. The island, which scored 89.17 out of 100, and Singapore with 94.11 in position 4, were the only two non-OECD countries to make it into the top 20, according to Bloomberg. But when it comes to living a…
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Ayia Napa Marina

Rising out of the turquoise waters of the Mediterranean, Ayia Napa Marina blends strategic location with striking architecture to capture the true essence of stylish beachfront living, surrounded by the wealth of natural beauty, cultural heritage and welcoming hospitality that Cyprus is renowned for. This exclusive integrated development offers luxurious residences, world-class yachting facilities, a…
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Cyprus 49th Happiest Country

Cyprus has been ranked 49th on the list of the world’s happiest countries, far higher than previous years, according to the latest World Happiness Report published on Wednesday. In 2017 Cyprus ranked 61st while in 2016 it was 65th. The happiest country is Finland with Denmark, Norway, Iceland and the Netherlands completing the top five.…
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Property Prices Increased

THE THIRTY-FOURTH publication of the RICS Cyprus Property Price Index reports that the average price of residential apartments and houses across the island rose over the first quarter of 2018. Price increases have been assisted by improvements in the Cyprus economy and confidence in the banking system which, despite the high levels of non-performing loans…
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