Cyprus construction costs rise amid global pressures

Rising construction costs in Cyprus have surged by 10 per cent over the past two months, with a five-year increase reaching 35 per cent, according to the president of the Cyprus Federation of Building Contractors Associations (Oseok), Stelios Gavriel.

“The increases are attributed both to geopolitical developments in Iran and the rise in energy prices, as well as to the higher cost of emissions allowances burdening raw material industries,” Gavriel told the Cyprus News Agency (CNA)....