News

Building permits drop by an annual 7% in January-October 2023

12.01.2024 The number of building permits issued in Cyprus between January and October 2023 fell by 6.9% year on year, with the value and area of these permits increasing annually,..

Domenica Group: The company’s new projects that will be put on track for implementation in 2024

11.01.2024 Domenica Group , continuing its development in the construction industry for over 60 years, announces new projects at the beginning of the new year. The projects were developed taking..

BoC Cyprus residential property price index third quarter 2023

11.01.2024 Residential property prices in Cyprus continue to rise in the third quarter of 2023, especially in the apartment segment. Data from the Central Bank of Cyprus (CBC) indicates an..

House prices and rents increased between Q2 and Q3 2023

11.01.2024 Eurostat reports that in the third quarter of 2023, both house prices and rents in the EU increased by 0.8% compared to the second quarter of 2023. Compared to..

Annual increase of 7.9% of Index of Production in construction

11.01.2024 According to the Statistics Service, the construction production index reached 186.29 units in the third quarter of 2023, recording an increase of 7.9% compared to the third quarter of..

Cybarco : Potentially in 2024 with new developments

10.01.2024 Cybarco Development is starting 2024 strong, completing existing buildings and developing major new projects in Limassol and Nicosia. In the Trilogy project Limassol Seafront will soon be delivering two..

The real estate sales of 2023-The rise of 16%, the first of Limassol and the launch in Larnaca

09.01.2024 Property in Cyprus continues to attract the attention of investors and buyers, with 2023 a year of significant growth in the market. The total number of property sales in..

Pantelis and Giorgos Leptos talk about the history of the “Leptos Group” and the landmark projects

09.01.2024 In the world of real estate, there are only a few companies that can boast of long-term excellence and successful impact on the industry. One such company is Leptos..

Property sales to foreigners continue to stumble

06.01.2024 Property sales in the Cyprus overseas market continue to decline, according to data from the Land and Survey Department, declining by 19% in December 2023 compared to December 2022...

D. Zavos Group: With new affordable projects within 2024 and presence in Greece

05.01.2024 The D. Zavos Group will continue to build a series of new projects throughout 2024 with more than 300 apartments at affordable prices, with its activities in Greece being..

Property sales hit highest level since 2007

03.01.2024 The number of property sales in Cyprus in 2023 reached the highest level on record since 2007. A total of 15,567 property sales contracts were referred to the Department..

Kissonerga: The first substantial step has been taken for the Paphos marina

02.01.2024 Kissonergi marina has been completed. Head of the Kissonergi Community Council Giorgos Stylianou explained that this is the first important step in the entire construction process and recalled that..

The redevelopment of Coral Bay Avenue is in progress

02.01.2024 Work on the reconstruction of the Coral site has begun and continues Bay Avenue in Peyia , while, according to a statement from the Municipality of Peyia , the..

The real estate market’s path – Record sales and demand at its zenith

02.01.2024 In the second quarter of 2023, home prices continued to rise due to strong demand for properties from both domestic and foreign buyers. Since domestic "demand" remains high despite..

Hellenic Bank welcomes mortgage-to-rent scheme

02.01.2024 Interim Chief Executive Officer of Hellenic Bank, Antonis Rouvas , expressed his support for the new mortgage-to-rent scheme, which was introduced to help vulnerable households. In a statement, he..

Affordable housing units to bring down prices and rents

01.01.2024 Builders in Cyprus welcome Cabinet approval of a package of incentives for the construction of affordable housing, promising a dynamic development of the island's property market, which has become..

New units to bring down prices and rents

31.12.2023 Developers are using government incentives for affordable housing. Developers in Cyprus are pleased with Cabinet approval of a package of incentives for the construction of affordable housing, promising dynamic..

Switching from a house to an apartment

30.12.2023 This question comes up quite often for homeowners who have reached the age of 60-65 and are on the verge of retirement. Times change, and the initially young couple..

Syllouris & Giovanis plead not guilty in golden passports trial

30.12.2023 Former President of the House of Representatives Demetris Syllouris and former Member of Parliament for Akel Christakis Giovanis pleaded not guilty to five charges read to them at the..

Successful bidder for Paphos marina by end 2024

29.12.2023 A decision on the tender for the Paphos Marina is expected to be made at the end of 2024, at which time the winning bidder will be known. Giorgos..

Municipality of Limassol: 644 tenders of €53 million were awarded – Projects that improved the lives of citizens

28.12.2023 Over six years of work, projects have been implemented that have helped improve the quality of life of citizens, reports the Tender Committee of the Limassol Municipality . At..

The Great Developments, part of the green transition

27.12.2023 The Green Transition is one of the most modern challenges facing Cyprus. But this is not just a political commitment and another European commitment. Environmental sustainability is a necessity..

Property prices & rents for 2024

27.12.2023 A decrease in prices for apartments and houses is not expected in 2024, and rental prices are also unlikely to decrease. However, there are cities that will be exceptions..

Benefits of changing VAT policy on homes

25.12.2023 There is a proposal to completely suspend VAT on houses in Cyprus, similar to the 0% VAT rate in Greece on new houses from 1 January 2020 until the..

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