News

M. Zavos : The demand for real property from foreign buyers is unabated

13.01.2023 Executive Director of the D. Zavos group of companies Michalis D. Zavos expressed his assessment that the expected reorganizations will not have a negative impact on Cypriot real estate...

Вuilding permits down by 4.9% in the first ten months of 2022

13.01.2023 Between January and October 2022, there was a 4.9% decrease in building permits issued between January and October 2022, according to city and district governments. According to the Cyprus..

Cyprus residential property prices unlikely to fall any time soon

12.01.2023 CEO of Cypriot fintech company Ask WiRE Pavlos Loizu , in an analytical report on the domestic real estate market in the coming year, explained that residential property prices..

The ” Cypriot ” mansion for sale in Mykonos

11.01.2023 Serenity Villa in Mykonos , which is of interest to the Cypriots, is listed for sale for $24.7 million . This is a property on a famous Greek island..

Dozens of €198 million projects are changing and upgrading Paphos

10.01.2023 Projects that have been completed, projects that are underway and projects that will start within the next six months in the city of Paphos total 89 pieces with a..

Housing prices up during Q3 of 2022

10.01.2023 The House Price Index (HPI) recorded an increase of 5.3% in the third quarter of 2022 compared to the same quarter in 2021, according to a preliminary estimate released..

Amend property VAT laws or else!

10.01.2023 The European Commission has given Cyprus until mid-February to pass new legislation governing the collection of reduced VAT on real estate, otherwise it will advance the infringement case. Brussels..

Can’t buy, unable to rent

10.01.2023 Rising mortgage rates have shattered dreams of owning a home, leaving many in a 2022 trap as rents rise above what families pay each month on a home loan...

Mortgage-to-rent to get go ahead

09.01.2023 Brussels is talking about the approval of the "mortgage-rent" scheme for problem borrowers, calling on the Cypriot authorities to create a company to manage this scheme. The European Commission's..

Protecting your property

09.01.2023 Cyprus is considered a safe country, perhaps the safest country in the EU. However, the importance given to security in the real estate market is growing. Improved security increases..

Regulation of short term rentals

09.01.2023 Short term rentals attract visitors, both for leisure and work, both from Cyprus and abroad. It is now considered a social must for those looking for a simple, quiet,..

Properties ” sold out ” in 2022, sales up 30%

06.01.2023 Sales in the Cyprus real estate market last year exceeded all expectations. Amid inflation and amid rising property prices and wider economic uncertainty, property sales recorded a 30% increase..

Borrowers association demands immediate relief measures

05.01.2023 The Borrower Protection Association on Wednesday released a statement calling on the government to develop and take immediate action to help consumers, households, businesses and borrowers as the foreclosure..

Property market pins hope on foreign buyers

04.01.2023 The Cyprus property market is being weighed down by high construction costs and interest rates as Cypriots see their dream of owning a home not being fulfilled and real..

Government sidelines thorny VAT on homes

03.01.2023 The Ministry of Finance is keen to push the difficult issue of finding a compromise on reduced VAT for the first homes after the European Commission's latest warning against..

Nicosia properties threatened by flooding mapped

03.01.2023 Ask Wire on Tuesday released a report documenting properties in Nicosia that are at risk due to the possible flooding of the Pedios River . The company noted that..

Cyprus property market faces significant challenges in 2023

03.01.2023 President of the Board of Registration of Real Estate Agents Marinos Kineirou said the organization has taken important steps to address critical issues affecting both real estate agents and..

Real estate will stabilize after mini-boom

31.12.2022 The Cyprus real estate sector is stabilizing after hitting a record number of sales since 2008 as the post-pandemic growth trend is halted by rising construction costs and interest..

SKEK: The Cyprus real property market is holding up

31.12.2022 The meeting, which took place on December 21 in Nicosia, was attended by the president of DISY and the candidate for the presidency of the Republic , Averof Neophytou,..

Cyprus property market holding up despite economic sentiment

30.12.2022 The President of the Association of Real Estate Agents and Entrepreneurs of Cyprus ( Skek ), Andreas Kauris , said on Thursday that despite problems with declining global property..

Lanitis Golf Public Co : The implementation path of Limassol Greens

30.12.2022 Sales of residential complex Limassol The Greens were at a very satisfactory level until the end of 2022. This level started in 2021 when Lanitis Golf Public Co ,..

Cyfield’s three new commercial buildings in the capital

29.12.2022 Cyfield offers three unique commercial buildings in Nicosia. These are the projects Hill business Center on Athalassas Avenue , T- Capital on Dasupoleos and Vassili Streets Michaelides and The..

Real estate company invests in digital transformation and process innovation

29.12.2022 Cyfield , one of the leading and most experienced construction companies in Cyprus, announced this week that it has selected Capacitor Partners to manage the digital transformation of certain..

Europe issues VAT ultimatum on new homes

28.12.2022 The European Commission has sent an ultimatum to Cyprus in connection with the island's violation of the European directive on the reduction of VAT when buying or building a..

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