News

Cyprus construction sector sees price and production increases

12.10.2023 According to a report published this week by the Cyprus Statistical Service ( Cystat ), the Cyprus construction sector experienced significant changes in the third quarter of 2023, with..

Fiscal Monitor: Cyprus surpluses until 2028, debt reduction below 60% in 2027

11.10.2023 The International Monetary Fund forecasts a high primary and significant budget surplus, as well as a reduction in Cyprus' public debt below the Maastricht Treaty limit (60% of GDP)...

The first part of the restoration works of the pier in Larnaca has been completed

11.10.2023 Larnaca Pier restoration work has been completed, which includes static upgrades, maintenance of lighting poles, replacement of various fixtures on the pier, installation of a lighting system under the..

Real estate sector still driven by foreign buyers

07.10.2023 Foreign buyers continue to be the driving force behind Cyprus' property sector as coastal towns see an influx of demand driven by a growing trend of large companies relocating..

A solid foundation is laid for affordable housing – The main pillars of the new strategy

07.10.2023 A new comprehensive strategy prepared and implemented by the Ministry of Home Affairs seeks to lay a solid foundation for mitigating the huge problem faced by large sections of..

Ask Wire: Moves forward with additional funds for real estate digitization and analysis in Cyprus and Greece

06.10.2023 Ask Wire, a real estate data analytics company specializing in the Cypriot and Greek markets, has announced the completion of a new round of funding. The latest round attracted..

35 years of Rotos Group: With great success the “reveals” of Coeo Gladstonos Exclusive Residences

06.10.2023 Special guests at the construction site of the Coeo project Gladstonos Exclusive Residences , on Gladstonos street in Nicosia, welcomed Rotos Group . The event, dedicated to the 35th..

EY Cyprus report: Real estate trends in Cyprus and Europe – Emerging issues and challenges

06.10.2023 Trends in the Cypriot as well as the European property market are reflected in the EY Cyprus report entitled “Mid-Year Industry Review: Cyprus Property” (October 2023). In particular, the..

The architecture and design behind the Coeo Gladstonos Exclusive Residences project

05.10.2023 An event was held in Nicosia to mark the 35th anniversary of Rotos Group . The company welcomed special guests on Gladstonos Street , in the Coeo complex Gladstonos..

K. Yorkatzis : Impressive projects from the Rotos Group and common philosophy

05.10.2023 “Our responsibility is to ensure a sustainable future for citizens and a cleaner environment,” said Nicosia Mayor Konstantinos Giorkatsis , who congratulated Rotos Group with the successes achieved. In..

Nikos Rotos: We build neighborhoods that improve the standard of living

05.10.2023 “Our goal is to build neighborhoods that improve people's standard of living through large, unified developments, with sustainable architectural design and excellent construction quality,” said Rotos CEO and owner..

In the final stage, the formation of a new comprehensive housing strategy with an emphasis on affordable housing

04.10.2023 Every citizen's right to access safe and affordable housing is non-negotiable, and the government's efforts to formulate and activate a single comprehensive housing strategy are in the final stages,..

VAT changes on November 1

03.10.2023 Looking back at VAT on real estate, Giorgos Chrysochos , Group Director at Cyfield , explains how VAT is changing and how anyone interested can benefit. In recent months,..

Green light for a new tourism project worth €9.5 million in Paralimni

02.10.2023 It is expected that a new project will be created in Paralimni with an estimated cost of 9.5 million euros, which will consist of 11 tourist villas and aims..

The projects that are changing Nicosia and how the walled city is becoming a business center

02.10.2023 The strategic goal of the Nicosia Municipality is to invest in the restoration and revitalization of the city. The large new student residence on Voulgaroktonou , Arsinoua and Komninos..

Building in the mountains

02.10.2023 Despite a review of local planning zones and a push to revitalize mountain areas, designers and town planners face some challenges. Building real estate in the mountains can mean..

Ministry to simplify building permit application process

01.10.2023 The application process for low-risk projects will be simplified through changes to legislation. The law removes the need for planning and building permission for small developments, with the architect..

Paphos property sales exceed €190 million

29.09.2023 According to a report from Cypriot firm Ask Wire , the Paphos property market has seen a surge in property sales, with total transaction values exceeding €190 million in..

The projects worth billions that turn Cyprus into a global business center

28.09.2023 Cyprus meets all the requirements to become a global business and investment hub, says the Major Development Association, adding that the 15 members it represents have some of the..

Ritz-Carlton Residences: Redefining luxury in high-rise projects

28.09.2023 Ritz-Carlton The Residences is a new high-rise building located on Amathoustos Avenue in Mouttayaka . The 33-story skyscraper is the city's new high-rise building, consisting of 182 residences, including..

Ria Court 85: The new residential development of Panikkos Livadiotis Group

28.09.2023 New modern residential project RIA COURT 85 is being built by Panikkos Livadiotis Group in a privileged area of Larnaca , the Drosia area , specifically behind the Drosia..

Ten unique homes available for sale in Cyfield’s ‘Lake’ residential project

27.09.2023 With over 80 completed residences already sold, the Cyfield Group will soon complete its projects in the Archangelos area around Mangle Lake in Nicosia. In an idyllic location adjacent..

Green Properties: NEW in the Acropolis area!

26.09.2023 Green Properties presents another project in one of the most beautiful areas of the Acropolis. The project was called " Imperial" Residence ”, as the name suggests, it was..

Macedon: a business center for the modern age

26.09.20233 The commercial property market is an integral part of the Cyprus economy and has experienced significant growth and development over the past few years. This is largely due to..

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