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Cyprus real estate sector steaming ahead

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..

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

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..

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

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..

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

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..

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Large Projects Association to promote projects exceeding €8 billion

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..

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House Price Index up in Q4 2023

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...

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Building permits decline by an annual 0.5% in January

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..

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

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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Limassol set to have the tallest building in Cyprus

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..

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Measures to boost construction sector efficiency

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..

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Developments and transformation of the real estate sector in 2023

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..

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Mistakes real estate investors should avoid

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..

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Property Gallery’s world-leading project at MIPIM 2024

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,..

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

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..

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Paphos and Limassol dominate top 10 property sales in February

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..

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Real estate industry: Planning holistically for a sustainable future

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..

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Pros and cons of gated communities in Cyprus

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..

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PwC research on the transformation of the real estate industry

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..

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Getting tougher on naturalization

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..

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RES communities: photovoltaics in apartment buildings

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..

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

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..

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

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..

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K. Onisiforou: Developments are reshaping the real estate sector

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..

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Build to Rent: The New Approach to Development

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..

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