supply and demand

Cyprus Real Estate Market Faces a Slowdown

The Cyprus real estate market is currently facing a slowdown, with house and apartment prices decelerating and sales declining due to rising lending rates and high construction costs. Regional disparities exist, with Paphos and Famagusta seeing price increases while other areas progress more slowly, leading to a market recalibration.

Oil Extends Losses on Easing Middle East Tension, Demand Concerns

By Demis Papadopoulos

Oil prices have dropped due to less tension in the Middle East and worries about low demand. Brent futures fell by 0.7%, while US crude futures fell by 0.6%. This is due to a potential easing of tensions between Israel and Iran, disappointing global oil consumption figures, and a surprising increase in US crude inventories.