Spiralling building materials costs set to continue

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Spiralling building materials costs set to...
 © CyprusPropertyNews 2022
According to the Cyprus Statistical Services, the price of building materials rose by 17.1% in December 2021 compared to the December 2020, increasing the pressures on the construction and property sectors that are trying to recover from the impact of the COVID-19 pandemic.

The abrupt cancellation of Cyprus’ infamous ‘ Golden Passport scheme ‘ in November 2020 and the termination of the Cyprus government’s interest rate subsidy scheme , which ran until the end of 2021, is putting added pressure on the island’s construction and property sectors.

Compared to the same...

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Article automatically added to our system on Sunday, January 23, 2022

Spiralling building materials costs set to continue

Contents of this article including associated images are © CyprusPropertyNews 2022
Views & opinions expressed are those of the author and/or CyprusPropertyNews .

Article Tags: #spiralling   #building   #materials   #costs   #continue  

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