News

‘Low cost housing’ not the answer to crisis

10.06.2024 The issue of the cost of purchasing houses or apartments in Cyprus is well known and has become a serious issue, especially in recent years. Of course, there is..

Property sales plunge, with losses of up to 30% – How much fell by city

07.06.2024 The real estate market was not very active in May this year, with all cities recording annual losses ranging from 7% to 30%, while during the first five months..

Home raids to ensure 5% VAT compliance

07.06.2024 Tax department officials will conduct raids on houses and apartments in the coming days. They suspect that some property owners have taken advantage of the 5% VAT reduction on..

Cyprus property sales slump in May

07.06.2024 Property sales in Cyprus fell in May, with the total number of sales contracts registered at Land Registry offices across Cyprus falling by 17% compared to the corresponding month..

Panikkos Livadiotis Group: Three consecutive projects were delivered to Kamares

06.06.2024 Panikkos Livadiotis The Group announces the completion and delivery of its three residential projects RIA COURT 80,81,82, which grace Chrysoupoleos Street in the Kamares area . Each project consists..

Placy: An artificial intelligence assistant, of Cypriot origin, for real estate professionals

06.06.2024 The real estate sector has been stuck in traditional, often outdated practices for many years, and an innovative solution based on artificial intelligence is poised to bring about radical..

Outline of the real estate sector in Cyprus – Driving force apartments

06.06.2024 The real estate sector has always been vital to the Cypriot economy and has managed to prove its resilience and dynamism during difficult times, as wars, pandemics and the..

The property market is flying in Larnaca

06.06.2024 The city of Larnaca and its surrounding coastal areas are in great demand among foreign investors, who are buying up all available residential properties en masse, thereby raising demand..

Municipality of Nicosia: Conditions for revitalization and development of the SOPAZ area

05.06.2024 “The multi-year successful claim creates the conditions for the revitalization of the SOPAZ area ,” states the Municipality of Nicosia, recalling that recently, with the new announcement of the..

Fueling future growth: Ask Wire attracts strategic investment for European markets

04.06.2024 Ask Wire, a real estate data analytics company trusted by the Cyprus government, system banks, insurance companies and investors, is pleased to announce the successful completion of its equity..

Gordian: Seaside apartments at Coralli Spa Resort & Residence- Protaras

04.06.2024 Coralli Resort & Spa Resort and Residence overlooking the Mediterranean Sea is a short walk from Bisakia Beach and the famous sandy Fig Tree Beach. The resort consists of..

Cyprus image tarnished by short-term rentals

04.06.2024 President of the Cyprus Real Estate Agents Registration Board Marinos Kineiro on Monday called for stricter regulation of short-term rentals in Cyprus. Marinos Quineiro pointed to the adverse impact..

What is the solution for low-cost housing?

03.06.2024 The cost of buying houses and apartments has become a huge problem in recent years. Of course, there is also the issue of housing rent levels, with rents and..

EBEL: Supports new private developments, but… Yes to malls, with misgivings about traffic

03.06.2024 The Limassol Chamber of Commerce and Industry supports new investments , including the construction of two new shopping centers in the Agios area Athanasios and Mesa Geitonia in Limassol..

Real estate: The precision of Limassol turns investors to other cities – Larnaca is an emerging center

03.06.2024 Limassol is by far the most expensive city, both in terms of renting and purchasing office space, which is pushing companies to look to other cities and especially to..

April’s most expensive real estate sales

02.06.2024 Cyprus fintech company Ask Wire compiled and published data on the 10 most expensive real estate transactions completed in April 2024, detailing the total sales value for each of..

Scramble to process thousands of planning permit applications

02.06.2024 Limassol City Planning Department staff are struggling to sort out thousands of backlogged applications for planning permission as the deadline for local government reform approaches. The reform, which will..

New revised housing plans for remote and disadvantaged areas

30.05.2024 New revised housing plans for the revitalization of mountainous, critical and disadvantaged areas, selected rural areas and benefits to support residents of mountainous and remote areas were approved by..

Ask Wire: The 10 most expensive real estate sales in April – Houses and apartments in the foreground

29.05.2024 According to Ask Wire , the ten most expensive property sales in Cyprus totaled €16.2 million, with the most expensive sale being a house in Kouklia , Paphos area,..

Pafilia Property Developers: Pioneers for almost half a century in the real estate sector in Cyprus

29.05.2024 For almost half a century, Pafilia Property Developers is one of the leaders in the real estate sector in Cyprus. It is one of the largest development companies in..

Metochi Estate: This will be the luxury development in Kykkos

28.05.2024 Metochi Estate , a luxury residential project, is expected to be built on a large plot of the Holy Kykkos Monastery in Engomi . Near Metohi Kikkou , in..

Properties show stability, annual growth in prices and rents

26.05.2024 Ask Wire, a technology company for tracking transactions, asking prices and construction activity in the real estate sector, has released a new edition of the Ask Index Wire for..

Projects worth more than 20,000,000 euros in the last seven years in Chloraka

05.25.2024 On Saturday, the President of the Republic of Cyprus, Nikos Christodoulides , expressed the state's support for the community, inaugurating important projects to complete the construction of measures to..

Practical support of the European Investment Bank in the development program of the Municipality of Paphos

24.05.2024 The European Investment Bank's (EIB) practical support for the Paphos Municipality's program to create modern, functional projects with strong social, environmental and cultural impact was confirmed by the bank's..

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