ECB Survey: Inflation Expectations Anchored, Growth Outlook Improves
The latest ECB survey of professional forecasters predicts stable inflation around 2% for the next few years, with a slight upward revision for economic growth in 2024. “Read the full press release here“
Cyprus Court Ruling Reveals Past Risks, Experts Offer Safeguards for Future Homebuyers
A recent Court of Appeal decision in Cyprus sheds light on a past practice that left some homeowners vulnerable. The ruling clarifies that banks can potentially foreclose on properties previously mortgaged by developers, impacting “trapped buyers” who haven’t received full ownership despite paying for the property. While this is a significant concern for affected homeowners, […]
Construction Material Prices in Cyprus Continue to Decline
The Construction Materials Price Index (CMPI) in Cyprus recorded its eleventh consecutive annual decline in June 2024, driven primarily by decreases in metal products and iron. According to data released by the Statistical Service of Cyprus (Cystat), the CMPI for June 2024 stood at 117.47 units (with 2021 as the base year), representing a 0.10% […]