How idle land is fuelling continuously rising housing prices in Cyprus

Cyprus does not lack land. It lacks the effective use of land and the data collected by Ask Wire makes this clear. In the Acropolis area of Nicosia, only 53% of the permitted building coefficient — the ratio of allowed floor area to plot size — is actually being used. The remainder is permitted, but not built. In practical terms, this translates into more than 1 million square metres of