News

Limassolians to protest against high rents

22.04.2024 A protest against high rents in Limassol will take place on Saturday, April 27, starting at 17:00 in the square in front of the district administration building on Anexartisias..

Cyprus’ antediluvian swimming pool laws set to change

21.04.2024 A new law passed in Cyprus will eliminate the need for lifeguards for swimming pools in complexes of fewer than five residential units. Previous rules were so strict that..

Real Estate: Most Wanted Areas by Province – What Deloitte Research Reveals

20.04.2024 Interesting insights into the regions that saw the most property sales in 2023 can be gleaned from Deloitte's report on the Cyprus property industry. 2023 was a record year..

5% VAT rate on new homes extended

20.04.2024 The Cyprus Parliament has passed a law allowing beneficiaries to claim a reduced VAT rate of 5% for a year after acquiring their main residence. The law was adopted..

Euphoria Lifestyle Apartments: Giovani Homes’ new project in Paralimni

18.04.2024 New project Giovani Homes, Euphoria Lifestyle Apartments , due for completion in late 2024, is a game-changer for the residential property sector by placing a human-centric approach as a..

Trilogy Plaza Opening: Everything you need to know about the new destination of Limassol

18.04.2024 Owners of offices and apartments in the two front flagship towers of Trilogy Plaza accept their properties. Along with this important event, construction of a 6,850 square meter public..

Larnaca port & marina developer renewing financial guarantee

18.04.2024 Kition Ocean Holdings , the consortium responsible for the development of Larnaca port and marina , agreed to extend its financial guarantee following a meeting on Monday chaired by..

Criteria of the residency through investment scheme

16.04.2024 In today's world, many people choose to migrate to other countries in search of better opportunities for themselves and their families, both in terms of career advancement and a..

INEX: Building for the future… The group’s philosophy, plans and major projects

16.04.2024 Innovation, technology and sustainable development. These principles are the focus of the INEX group of residential and commercial development companies , which, according to its managing director Sergei Kudryavtsev,..

Real estate sales decreased in Q1-Recession in volume and value of transfers

15.04.2024 In the first quarter of 2024, a decline in property sales in Cyprus was recorded. The market reflects the backlog of problems facing the real estate sector and society..

High rise luxury developments: Industry professionals expect sales and rental prices to fall

14.04.2024 According to a Deloitte Cyprus survey, the Cyprus property market will change during 2024, with apartments remaining the most attractive investment opportunity over the next 12-18 months. However, luxury..

Cypriots squeezed out of the property market

14.04.2024 Cypriots are being forced out of the property market because they cannot afford to rent an apartment due to rising rents. Although the island's property sector is showing a..

Ask Wire: Apartment sales €154m in Q4 2023

12.04.2024 Ask's analysis Wire , based on ongoing monitoring of the development of 421 luxury projects across Cyprus, found that two-bedroom apartments were the most attractive for buyers in Cyprus..

City Med: New development in the health sector in Agios Ioannis Limassol

12.04.2024 A new modern project in Limassol was announced by Pouros Developments . City Med , located in the Agios area Ioannis in Limassol , will consist of six floors..

Domenica Group: New projects designed with market needs in mind

12.04.2024 New projects by Domenica Group were developed taking into account the needs of the market, as well as taking into account the natural landscape and character of each territory...

MINISTERS: The housing policy focuses on housing options at an affordable price for citizens

11.04.2024 The government's housing policy aims to gradually increase the housing stock and aims to create affordable housing options for citizens in need. According to the government statement, “a number..

Cyprus real estate sector steaming ahead

10.04.2024 The Cyprus property market ended 2023 with 25,400 transactions worth €5.6 billion . The industry was driven by residential real estate transactions, which accounted for 61% of the total..

King’s Gardens: Cyfield’s new high-rise development near the old GSP

08.04.2024 King's Gardens is a new 80-meter high-rise that will be built on Vasileos Pavlou Street, opposite the old GSP. The modern building offers panoramic views of the city, revealing..

Annual increase on production and output prices in construction in Q4 of 2023

08.04.2024 The construction output index reached 227.99 units in the fourth quarter of 2023 (base year 2015 = 100), an increase of 9.2% over the fourth quarter of 2022, according..

Numbness in the real estate market – Losses in almost all cities, Nicosia and Larnaca gainers

06.04.2024 The real estate market returned to the decline in sales in March after an annual growth of 14% recorded in February, however, maintaining its dynamics. With the exception of..

Large Projects Association to promote projects exceeding €8 billion

05.04.2024 Members of the Cyprus Association of Major Investment Projects are promoting between 18 and 20 projects with a total value of more than 8 billion euros and which are..

House Price Index up in Q4 2023

04.04.2024 The House Price Index (HPI) in the fourth quarter of 2023 increased by 1.6% compared to the corresponding quarter in 2022 and decreased compared to previous quarters in 2023...

Building permits decline by an annual 0.5% in January

04.04.2024 The number of building permits issued in Cyprus decreased by 0.5% year-on-year in January 2024, data published by the Cyprus Statistical Service ( Cystat ) shows . The total..

Heroes’ Square: The €3.4 million renovation and the history of one of the oldest squares in Cyprus

03.04.2024 Heroes' Square in Limassol , one of the oldest squares in Cyprus, will be reconstructed while maintaining its historical value. The project will be subsidized by the European Regional..

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