News

The 10+3 projects that will upgrade and revitalize Limassol

06.12.2023 Renovations, parks, museums and new office space are among the development projects of the Limassol Municipality that are underway. At least five of the city's key projects are under..

Cyprus property sales show signs of cooling

06.12.2023 Although the number of property sales in Cyprus continued to rise in November, there are signs that this situation may soon change dramatically. Sales in November, measured by the..

Sale of Cyprus real estate on the foreign market

06.12.2023 The total number of property sales in the overseas market (to EU and non-EU citizens) fell by 16% in November compared to November 2022. Although sales in Nicosia and..

Demand for Cyprus real estate remains high

05.12.2023 Limassol confirms its reputation as the leader of the Cypriot property market, as it has the most sales documents registered (3435), with slightly fewer transactions recorded in Nicosia -..

The building that houses the Open University of Cyprus is for sale for €7 million

04.12.2023 The building housing the Open University of Cyprus, on Yiannis Avenue Kranidiotis in Latsia , is looking for a buyer with an asking price of 7 million euros. The..

The penthouse in the tower of St. Raphael looking for a tenant for €50,000

04.12.2023 Penthouse in “The Tower” of the St Raphael Resort & Marina in area Pyrgos Limassol looking for tenant _ According to the advertisement, the penthouse is rented for 50,000..

EBEL: It is unacceptable that Limassol is not included in the development projects of the state

04.12.2023 The Limassol Chamber of Commerce and Industry expresses strong dissatisfaction with the fact that successive announcements of government development projects have not taken Limassol into account . “This situation..

Cyprus real estate market sees nine-month high in property sales

01.12.2023 The Cyprus property market showed significant dynamics between January and September 2023. The property market remains resilient to challenges, according to Department of Land and Survey comparative sales data..

Neocleous Tower: The “green” office building is coming to change market data

30.11.2023 Creators of Neocleous Tower invites high-quality companies to discover the future of the workplace in a modern, sustainable and high-quality building in the heart of Limassol . Redefining the..

The expiry of the reduced VAT of 5% for the first residence has shot up the рlanning permit

29.11.2023 A total of 2,595 applications for planning permit were submitted in October following the end of the 5% VAT relief for first homes. According to the Ministry of Internal..

Urban Redevelopment Bill Passed-Creating Land Ready for Development

29.11.2023 The decision to approve the city reconstruction bill was taken by the Council of Ministers at today's meeting, at the proposal of the Minister of Internal Affairs, Constantinos Ioannou...

Nicosia property sales hit €164.9 million in third quarter

29.11.2023 According to a report published on Wednesday by Cypriot firm Ask Wire , in the third quarter of 2023, residential property sales in the Nicosia region amounted to €118.8..

RIA COURT 67: The new project of the Panikkos Livadiotis group is in the works

27.11.2023 Panikkos Livadiotis Grou p steadily and professionally continues to expand its activities, adding to its portfolio a new residential project “RIA COURT 67” ( Metsovou Street ) in the..

Real estate warning amid Middle East uncertainty

27.11.2023 The Treasury Department has given a grim outlook for the local property sector if the Middle East crisis drags on, contrary to the Central Bank's forecast for moderate growth...

Who is responsible for storm damage?

27.11.2023 Once or twice a year, Cyprus experiences heavy rains and storms, which cause damage to infrastructure and buildings. Many Cypriots wonder who is the responsible party who should cover..

Government to launch Mortgage-to-rent scheme on December 4

27.11.2023 The Mortgage to Rent ( MtR ) scheme for vulnerable lenders will come into force on December 4, Treasury Permanent Secretary George Panteli said on Friday as he introduced..

New Cyprus Museum: how the construction work is progressing

25.11.2023 The construction work on the new Cyprus Museum, which will be located in the very center of the capital, is the state's most important investment in cultural infrastructure. Its..

Larnaca resident highlights illegal alterations in apartment buildings

22.11.2023 Larnaca resident this week sent a letter to the House of Representatives Standing Committee on Home Affairs calling for changes to the legal framework governing apartment buildings. In particular,..

The tradition of the Paul Gauguin park – The “Public Garden of west Limassol” is counting down

21.11.2023 Work continues on the park on Paul Gauguin Street in Limassol , next to My Mall , a very promising project of the Limassol Municipality , as it is..

More than 90 streets will be paved in Nicosia

21.11.2023 Mayor of Nicosia Konstantinos Giorkatsis and CFO of Cyfield Giorgos Karamanis signed on Monday, November 20, 2023, contracts for the paving of more than 90 streets in Nicosia. Work..

Trilogy: Countdown to the luxury project-Finishing touches are coming

21.11.2023 The countdown is already on for the completion of the long-awaited project on the Limassol coastline . Crews working on Trilogy are "putting the finishing touches" on the plazas,..

The new role of Giorgos Misirlis in the Imperio group

20.11.2023 After more than two decades as General Manager of Aphrodite Hotels Hills Resort Giorgos Misirlis is a consultant at Imperio. The 71-year-old businessman confirmed that he will join the..

Yannis Misirlis is the new president of the Association of Land and Building Development Entrepreneurs

20.11.2023 On Thursday, November 16, the work of the annual general meeting of the All-Cyprus Association of Entrepreneurs in the field of land management and construction was successfully completed. Within..

Alarm bells as property construction stretched

20.11.2023 Market insiders warn that there could be economic problems as the island looks like a vast construction site, fueled by a slew of projects supported by Israeli investment despite..

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