News

The icon stays service is a magnet for Cypriots and foreigners

08.05.2023 Icon short-term rental service Stays in the Icon , the impressive Imperio building overlooking Limassol's beach , has been particularly successful. Over 4,500 nightly bookings were made in the..

Real property sales up 26% in Q1

08.05.2023 The annual volume of real estate transactions in Cyprus continued to grow in the first quarter of the year according to the submitted sales documents, up 26.6% compared to..

Real property sales at €1.7 billion in the 1st quarter of 2023

08.05.2023 Real estate sales reached 1.7 billion euros in the first quarter of 2023, according to the Real Estate Agents Registration Board, which notes that the real estate market remains..

The challenges in the construction sector at the 79th General Assembly of the SEAOC

05.05.2023 On Wednesday 05.03.2023, the 79th General Assembly of the Cyprus Construction Contractors Association (SEOK) was held, where the actions of the members of the Board of Directors of the..

This will be the second tallest building in Nicosia after 360

04.05.2023 Another imposing building that will be a landmark for Nicosia is being built by Cyfield group . This is Stasikratous project Residences on Nicosia's most central and commercial street,..

Limassol is enriched with new sports facilities – €10 million investment

03.05.2023 With a major new investment in the field of sports, with an estimated cost of 10 million euros, Limassol will be enriched with new sports facilities. The sports center..

Photovoltaics are the way to go

01.05.2023 There is an obvious strong interest in installing photovoltaic systems on rooftops or in other designated areas. Based on a government subsidy program, photovoltaic systems operate by offsetting electricity..

Property, rental prices continue to spiral

30.04.2023 According to a report by Ask Real estate technology firm Wire, property prices in Cyprus rose 12.3% year-on-year for apartments and 3.1% for houses this week in the first..

British lawyers probe golden passport scandal

30.04.2023 An independent anti-corruption body has hired a group of internationally accredited lawyers to investigate claims by high-ranking officials in the golden passport scandal. The previous administration set up an..

Cyprus permanent residency rules revised

29.04.2023 The Government of Cyprus, in an attempt to attract foreign investment to the island and to help economic recovery and further economic growth, introduced Regulation 6(2) of the Aliens..

Headquarters, Ukrainian refugees boost property market

29.04.2023 Despite high inflation, the Cyprus property market has maintained a solid growth in 2022 thanks to demographic changes, high-tech companies and Ukrainian refugees, real estate analysts say. PwC Cyprus..

A private clinic in Nicosia is being expanded with an investment of 7 million euros

28.04.2023 With an investment of 7 million euros, the private clinic "European Medical Clinic" on Byzantium Street, which is run by the municipalities of Strovolos and Engomi , is expanding..

Sunset Gardens: Increased investment interest, over 230 apartments sold

27.04.2023 Investment interest in Sunset is growing Gardens , Limassol's first gated community and one of the most sustainable residential projects in Cyprus, which Imperio is building in the rapidly..

Price and rental increases tapering off

27.04.2023 Pavlos Loizu , CEO of Ask Wire , commented on the results of the published index for the first quarter of 2023, stating that “Property and rent growth is..

New residential development near the casino of Limassol is being prepared by bbf:

26.04.2023 bbf : intends to build a complex of luxury residences in the rapidly developing area of Zakaki , in Limassol. The new complex is located in the business center..

Cyprus property prices and rental costs surge once again

26.04.2023 Cyprus Real Estate and Technology Company Ask Wire on Wednesday released the latest version of its real estate market index, updated for the first quarter of 2023, and showed..

Why prices are not coming down anytime soon?

26.04.2023 Cyprus has been attracting foreigners with tourism, real estate investment and business for the past 30 years. This brought significant amounts of money into the economy, passed on experience..

Trends in real property restructuring and new mortgages all over Cyprus

25.04.2023 It has long been demonstrated that the performance of the financial sector is strongly correlated with the performance of the real economy, especially the real estate sector. Operating in..

How Cyprus fares compared to rest of Europe

24.04.2023 At the end of last year, Eurostat published comparative rental rates for apartments and houses in the capitals of various European countries. Further, we are talking about more popular..

Augusta residences: RPT Tsanos Group’s dynamic entry into real property

24.04.2023 With experience, knowledge and success, RPT Tsanos The Group continues a new era in search of qualitative progress and development in the sectors in which the company has been..

Spring in real estate, 23% increase in sales

24.04.2023 The rate of property sales registered in Cyprus has increased: in March this year, the growth was 23%, with 1352 sale documents against 1102 in March 2022. According to..

To increase the values of real estate that fall under the reduced VAT of 5%

24.04.2023 The Parliamentary Finance Committee appears to be seeking an increase in the value of property subject to the reduced 5% VAT rate, in consultation with the Ministry of Finance,..

Construction material prices up 8.15%

23.04.2023 According to official data released by the Statistical Office of Cyprus, building material prices rose by 8.15% year on year in March this year, but recorded a slight decrease..

EU regs could make or break real estate sector

23.04.2023 A new bill passed by the European Parliament aimed at combating climate change by reducing carbon emissions could have serious implications for Cyprus property markets. Older buildings (over 30..

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