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Cyprus real estate soars despite challenges

23.12.2023 The Cyprus property market remains resilient and is on track to have its best performing year since 2008, according to a Danos /BNPRE Group report. The report, covering the..

Top ten most expensive sales in November

23.12.2023 Ask Analysis Wire has revealed the ten most expensive property sales completed in November, totaling €22 million. The most expensive sale was a multifunctional building in Paralimni for 4.8..

Three offers for a marina in Kissonerga -An evaluation team has been appointed

22.12.2023 According to a statement by the Deputy Ministry of Tourism, three financial institutions have submitted proposals for a tender for the procurement of consultancy services for the Paphos Marina..

An investment that brings new data to the construction industry

22.12.2023 PEPSIS ASPHALT LTD, a subsidiary of PEPSIS & YIOS ERGOLIPTIKI LTD, a renowned company in the Cyprus construction industry, continues to invest in the production and distribution of asphalt,..

Cabinet extends period of urban planning incentives

21.12.2023 To boost business activity and revive the economy, the Council of Ministers on Wednesday approved a proposal to extend until 31 December 2024 the Urban Development Incentive Plan for..

This is the attractive package of the Ministry. Interiors for the construction sector with an emphasis on affordable roofing

20.12.2023 The start of implementation of the two pillars of the new Unified Housing Policy, announced last October by the Home Office, marks the Council of Ministers' approval today of..

Konstantinos Ioannou : Increasing the housing stock, attracting even more businesses

20.12.2023 Today's meeting of the Council of Ministers approved detailed recommendations for implementing the "Built to Rent" plan on private land and revised city incentives. This marked the beginning of..

Why Cyprus Must Change its VAT policy on homes

20.12.2023 Former EU states such as the UK have maintained a zero rate VAT policy on new residential properties. Meanwhile, current EU members such as Luxembourg have an ultra-reduced 3%..

The nightmare of buying & selling property in Paphos

20.12.2023 Paphos has seen significant changes in the property buying and selling process over the past year. Real estate lawyers are forced to advise frustrated clients and manage situations where..

Ask Wire’s revolution in financial assessment in Cyprus

18.12.2023 Solution Ask Wire for Risk Analysis has been revolutionary for risk assessment for financial institutions in Cyprus. By offering comprehensive environmental risk intelligence, the company enables banks and insurers..

More properties for rent needed

18.12.2023 One of our previous articles wrote about the introduction of a new property sales tax that the seller must pay, and raised the question of how the government, which..

Larnaca luxury seafront project revived

17.12.2023 Larnaca will begin to develop faster thanks to the return of a Russian investor planning to revive plans for a €170 million hotel and luxury residential complex on Phinikoudes..

Civil engineers call for legislation after balcony collapse

16.12.2023 The Cyprus Association of Civil Engineers ( Spolmik ) on Thursday called on MPs to take action and develop legislation for regular building inspections in light of Wednesday's balcony..

An exclusive virtual tour of Neocleous Tower-Discover its interiors

15.12.2023 Redefining the existing lifestyle and setting a new standard for office buildings in Cyprus, Neocleous Tower offers a technologically innovative and people-centred work environment that aims to promote excellence,..

Elements: Domenica Group’s landmark project in Paphos

15.12.2023 Construction works of ELEMENTS, monumental project of Domenica Group in the Park of Flowers in Paphos are moving forward at a rapid pace. The project consists of four buildings:..

ETEK: Urgent need to take immediate measures to protect the public from dangerous buildings

13.12.2023 Regarding the incident involving the collapse of balconies in an apartment building in Limassol , ETEK reiterates that measures must be taken to avoid similar incidents in the future..

Larnaca Tower: Again in consultation the tower in Finikoudes -What will it include

12.12.2023 Lanomex Company Development Ltd. is redesigning a multi-story project it has been planning for at least five years in the Phinikoudes area . Study to assess the environmental impact..

AI in real estate: disruptive force or mere transformation?

11.12.2023 The integration of artificial intelligence (AI) into real estate, and property valuation in particular, marks an era of transformation for the industry. Without data, AI does not exist. Artificial..

Expats bristle at unfair taxation in Paphos village

10.12.2023 Residents of Aphrodite Hills and Ha Potami , located in the picturesque village of Kouklia in the Paphos region, has been embroiled in a long-running dispute with the local..

Exorbitant property prices pushing foreign investors north

09.12.2023 Recent developments in the Cyprus property market have revealed a significant shift in buyer interest towards the occupied territories, with pricing cited as a key factor rather than the..

Gov’t happy as MPs pass foreclosure bills

09.12.2023 President Nicos Christodoulides expressed satisfaction with the passage of a series of debt collection bills on Friday, underscoring a commitment to speed up procedures to address risks to the..

Foreclosure bills passed into law

09.12.2023 President Nicos Christodoulides announced legislation passed in parliament on Friday aimed at combating foreclosures, saying it was "a milestone towards financial stability and the country's financial prospects." During the..

Licensing for apartment buildings is in full swing – Fewer, but more expensive new residential buildings

07.12.2023 Intensive construction of new apartment buildings continues, which, although fewer in number, are more expensive compared to last year. According to the Statistical Service, in the period January-September 2023,..

Cyprus construction permits decrease, total value rises

07.12.2023 Between January and September 2023, Cyprus experienced a contrasting trend in the issuance of construction permits, with the total number of licenses issued falling but their total value increasing..

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