News

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..

Limassol set to have the tallest building in Cyprus

02.04.2024 Aura project , which is set to be the tallest 44-storey building in Cyprus and measures 181.5 meters in height, has finally received approval for construction on the Limassol..

Measures to boost construction sector efficiency

31.03.2024 Constantinos Ioannou spoke at the 18th Real Estate, Land Management, Planning and Construction Conference, providing an overview of recent developments in the real estate sector and government priorities for..

Developments and transformation of the real estate sector in 2023

27.03.2024 The development and transformation of the real estate sector in 2023 was presented by Ioann Charalambous, Director of PwC Cyprus. In the face of an ever-changing global landscape, the..

Mistakes real estate investors should avoid

27.03.2024 Property investment has long been considered a cornerstone of wealth creation, offering both immediate income through rental yields and long-term capital appreciation. Its tangible nature coupled with its leverage..

Property Gallery’s world-leading project at MIPIM 2024

27.03.2024 Property Gallery is presenting the under-construction Starck-inspired YOO project at MIPIM 2024 to an international audience of industry experts, investors and stakeholders, reaffirming the company's commitment to creating innovative,..

B. Scott: Necessity to adopt a holistic approach in Organizations

27.03.2024 In today's world, changes in lifestyle, technological breakthroughs and growing awareness of climate change are changing the way buildings are used. Designers, builders and property owners are faced with..

Paphos and Limassol dominate top 10 property sales in February

26.03.2024 Cyprus-based research firm Ask Wire published a report on Tuesday outlining the ten most expensive property transactions completed in February 2024. According to Ask Wire, the top 50 property..

Real estate industry: Planning holistically for a sustainable future

25.03.2024 In an era where construction is adapting to new work and lifestyle patterns, designers, builders and property owners need to prepare so that their projects can grow responsibly, retain..

Pros and cons of gated communities in Cyprus

25.03.2024 Gated community projects have emerged relatively recently in Cyprus as crime , especially theft, has increased and people want to feel safer in their homes. The need for such..

PwC research on the transformation of the real estate industry

24.03.2024 The real estate sector is the basis for the prosperity of the domestic economy. Growth and activity in this sector directly impacts employment, trade growth and the economic stability..

Getting tougher on naturalization

24.03.2024 Recent changes to the requirements for obtaining Cypriot citizenship have introduced significant preconditions, making the process virtually unattainable for most applicants. These new restrictions include a number of factors..

RES communities: photovoltaics in apartment buildings

23.03.2024 According to Energy Minister George Papanastasiou, rules for the development and operation of “renewable energy communities” are expected to come into force in the second half of 2024. The..

A new office development in Nicosia at a cost of 20 million euros is under consultation

22.03.2024 A new office complex called " APPLE" is planned for construction in Nicosia TREE & PEAR OFFICE ", the estimated cost of which is 20 million euros. The development..

The Cyprus property market is capable of surviving even the most difficult times

22.03.2024 The Cyprus real estate market has been tested and turbulent, but has finally proven its flexibility and resilience both in previous years and especially in 2023, which can safely..

K. Onisiforou: Developments are reshaping the real estate sector

22.03.2024 Changes in the real estate sector include monetary changes, military conflicts, new geopolitical strategies and new technologies, which in turn change the global balance. How are these changes creating..

Build to Rent: The New Approach to Development

21.03.2024 In a world where the need for affordable housing is growing, Build to Rent (BTR) programs are an ideal solution. Owners and managers offer long-term leases, creating homes designed..

Real Estate Investing: Five Easy Ways to Get Started

20.03.2024 Investing in real estate may involve risks, like all investments, but it offers a number of undeniable advantages and benefits. Firstly, real estate can provide a stable income through..

Limassol Greens: Life in perfect balance

20.03.2024 A project combining majestic villas, maisonettes and apartments, a golf course with a modern clubhouse, leisure and wellness facilities, surrounded by lush green gardens. Situated just five minutes from..

Two per cent of dwellings rented through Airbnb

20.03.2024 2% of residential properties in Cyprus are rented through Airbnb , raising concerns about affordability and regulatory oversight. This data, focused solely on Airbnb listings, reflects a broader trend..

SKY by ANTONIS ZENIOS DEVELOPMENTS LTD

19.03.2024 ANTONIS ZENIOS DEVELOPMENTS LTD announces the completion and delivery of the unique SKY residential project in Engomi, Nicosia. SKY consists of 6 luxury apartments with 3 and 4 bedrooms..

The new office development worth 3.5 million euros in Larnaca – Where is it located and what will it include

19.03.2024 A new office complex will be built in Larnaca with an estimated cost of 3.5 million euros. The developer of this 12-storey building with a height of 54.20 meters..

Larnaca designated as city with best investment opportunities

15.03.2024 Property platform INDEX on Friday published a report identifying Larnaca as a key Cyprus destination for investors and homebuyers looking for profitable property ventures, citing a recent analysis of..

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