News

Sunshine and strain – a market divided

21.05.2024 The Cyprus property sector is experiencing a seemingly golden age. A booming economy (projected growth of 2.7% in 2024), resurgent tourism and impressive fiscal discipline (budget surplus averaging 2.3%..

BBF unveils :eden bay – a new Kato Paphos luxury project

16.05.2024 Situated in a vibrant resort area close to the city's coastline, known for its high demand for luxury properties, :eden bay will quickly become a highly desirable investment. Complex..

President: Cyprus will succeed in shaping a stable investment environment

16.05.2024 President of the Republic Nikos Christodoulides said on Wednesday that Cyprus will achieve its goal of strengthening entrepreneurship and creating a stable and attractive investment environment. In his speech..

Overseas buyers interest in Paphos & Limassol waning

16.05.2024 The latest analysis of sales contracts published by the Cyprus Land Department shows that foreign buyers have recently preferred to purchase properties in the less expensive areas of Larnaca..

Paphos remains the champion in the sale of real estate to foreign nationals

15.05.2024 According to sales statistics for foreign investors for 2024, Paphos remains the champion in property sales. In particular, of the total number of Cypriot sales in 1962, Paphos provided..

Cyprus developers highlight GDP contribution, creation of 35,000 jobs

15.05.2024 The Cyprus Property Developers Association (LBDA) celebrated its 40th anniversary this week. During this time, the company has become “a sought-after developer and an active representative of the construction..

Larnaca port & marina must be concluded “at all cost”

15.05.2024 Larnaca Real Estate Exhibition 2024, organized by FMW Conferences, more than 20 speakers spoke about Larnaca's development prospects, planned new projects, the coastal city's competitiveness in the real estate..

Loukianos Michael: CyView’s investment in green practices and the company’s future goals

14.05.2024 According to the commercial director of Cyview Lukianos Michael Vera, currently more and more developers are focusing on “green” residential real estate. Lukianos Michael Vera noted that one of..

Building permits up in the first two months of this year on annual basis

14.05.2024 The number of building permits issued in the first two months of 2024 recorded a 13% increase compared to the corresponding period of the previous year. According to the..

Housing prices rise 2.3% in Q4, driven by apartments

14.05.2024 Residential property prices continued to rise in the fourth quarter of 2023, driven primarily by rising apartment prices. According to a report released on Tuesday by the Central Bank..

REALTYon EXPO: biggest-ever real-estate event in Cyprus fast approaching

14.05.2024 Exhibition REALTYon EXPO, the number one real estate event in the Mediterranean, returns to Cyprus. The 2024 show is expected to be even bigger and better than last year's..

The construction of the TEPAK student residences in Limassol is taking shape – the foundation stone has been laid

13.05.2024 “A dream of many years is coming true,” emphasized the Rector of the Cyprus University of Technology (TEPAC), Professor Panagiotis Zafeiris, speaking at the groundbreaking ceremony for the private..

Gauguin Park was inaugurated in Zakaki – The public garden of west Limassol

13.05.2024 On Sunday 12 May 2024 the opening of the park took place on Rue Gauguin in Zakaki . This event attracted the attention of hundreds of residents of the..

Larnaca port & marina saga now ‘at a critical stage’

12.05.2024 In two weeks the government will hold a meeting. Officials will have to make a decision regarding a dispute with the joint venture holding the concession to redevelop and..

Holiday home prices hit 8-year high

09.05.2024 If you're looking for a holiday home in Cyprus, you could be in for a shock as property sales and rental prices hit an eight-year high. This indicates that..

President: Government will support continue the construction sector

09.05.2024 President Nikos Christodoulides said that the construction sector, supported by the Cyprus Property Developers Association (LBDA), plays a very important role in attracting investment, promoting entrepreneurship and positioning Cyprus..

Property sales by city-Return to a positive sign and jump in Nicosia and Larnaca

09.05.2024 Real estate sales in April 2024 totaled 1,366 transactions compared to 1,192 transactions in April 2023, an increase of 15%. During the period January-April 2024, the number of sales..

Cyprus real estate sector picks up

09.05.2024 Robust demand from domestic buyers remains the main driver, fueled in part by investment strategies such as buy-to-let projects. However, there was a decrease in the number of real..

Average property values in Q1 2024 – The picture for flats, houses, plots and fields

08.05.2024 The comparative sales analysis carried out by the Department of Land and Surveying was presented in the quarterly report. It highlights important findings on the transactions and values of..

Opening of the Beon Active Office in Paphos

08.05.2024 INEX, a leading construction development company in Cyprus, recently presented the Beon office Active , which marked the official launch of this innovative workspace. The event, which took place..

April saw strong growth in property sales

08.05.2024 Property sales in April 2024 recovered from a 7% drop in sales in March, when the total number of sales contracts submitted to land registry offices across Cyprus reached..

Limassol average apartment value highest in Cyprus at €208,220

08.05.2024 The Cyprus Real Estate Agents Registration Board on Wednesday published a breakdown of property transactions and their average prices for the first quarter of 2024 by property type. The..

Limassol is getting a new mixed development with apartments and offices

07.05.2024 The Department of the Environment has approved the operation of a mixed office -residential complex called Iskario Trading Ltd in Limassol. The proposed project falls within the Limassol Local..

Record housing market-The type and value of apartments preferred

02.05.2024 Deloitte report on the property sector in Cyprus, a record was set for the value of 3.4 billion euros, as well as the volume of transactions for residential real..

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