News

ETEK calls for urgent building safety checks

22.02.2023 ETEK, the Cyprus Chamber of Science and Technology, has sent a letter to the Department of Public Works calling for urgent security checks on buildings, starting with those used..

Airbnb owners given longer to register

22.02.2023 Traveler accommodation providers will be given a transitional period to register on the public Airbnb registry, as amended by relevant legislation announced in Parliament Tuesday. The House Commerce Committee..

Berengaria: This is what the reborn legendary hotel will look like

21.02.2023 "Pearl of Prodromos", "Queen of Troodos", "Hotel of Kings" and many other names can be attributed to the legendary hotel, which will receive a new life after a radical..

Boost in the center of Limassol – The way for tall buildings has been opened

21.02.2023 The path for further development and even greater investment in the center of Limassol is wide open thanks to the "Plan of the Limassol Center Area", prepared and published..

EU extends deadline to change property VAT laws

21.02.2023 MPs on Monday again turned to the issue of reducing VAT on homes, fearing that the EU will start legal proceedings in the case of violation of the rights..

Sun Valley: This is how the ski resort in Troodos will become

20.02.2023 The new ski building in the Sun Valley area of Troodos is expected to attract both ski enthusiasts and thousands of other visitors. The recent groundbreaking for the construction..

Limassol has changed its face after the regeneration of four squares

20.02.2023 The need of the local community for communication in quality open spaces was urgent, judging by the results of a study on the use of space by residents of..

Thetidos Residences: Photos Photiades’ new residential development in Nicosia

20.02.2023 Photos Photiades Homes is preparing a new and modern residential project Thetidos Residences in a quiet and privileged area of the Acropolis, behind Athalassa Avenue. The new project of..

EU gives Cyprus until end of March for VAT change on homes

20.02.2023 Deputies on Monday again turned to the issue of lowering VAT on homes, with some trying to make the issue urgent as the European Commission continues to breathe down..

Real estate recommendations for the new president

20.02.2023 As the new president takes office, several proposals need to be made that could improve the real estate and construction industry. The acceptance of deputy ministers by the previous..

Tax unused land to tackle supply shortage

20.02.2023 Housing prices and rents are rising due to a lack of supply, with real estate analysts suggesting the authorities take drastic measures to bring new properties to the market,..

Still no compensation for Pissouri landslide victims

19.02.2023 The government has allocated funds to stabilize the landslide that caused the collapse of the houses, but there is still no decision on compensation to the owners. The government..

Vacation properties bring strong returns – Detailed by province

18.02.2023 There was an increase in prices for the purchase and rental of apartments and cottages for recreation. It is worth noting that on an annualized basis, holiday apartments posted..

New government, old property issues

18.02.2023 Affordable housing is one of the most problematic issues, and other than subsidies, the outgoing government had no major solutions. And yet there are solutions, with a reduction in..

Cyprus to tackle construction waste problem

18.02.2023 Cyprus' goal is to recycle 70% of construction and demolition waste, Agriculture Minister Costas Cadiz said on Friday. Speaking at a conference on the robotic method used to separate..

Paphos real estate sector saw double-digit increase in sales in 2022

17.02.2023 In 2022, the Paphos real estate sector saw double-digit growth in sales, with transaction volume up 31% year-over-year, according to the latest release of PwC Cyprus Real Estate Market..

Construction materials at the highest point since 1986

17.02.2023 The building materials price index for January 2023 reached 136.01 units (2015 base year = 100), recording a 12.25% increase from the same month of the previous year, according..

Crackdown on holiday renters failing to register

17.02.2023 MPs on Tuesday called for crackdown on people who rent out their properties but continue to evade taxes by not registering as Airbnb. The House Commerce Committee discussed the..

Revised housing plans for mountainous and rural areas

15.02.2023 Revised and improved housing schemes and allowances to support residents of rural, mountainous, arid and disadvantaged areas, allowance policy and a new housing scheme for the walled city of..

Nicosia could have more than 10,000 extra apartments

15.02.2023 Increasing the affordability of real estate can help curb rising rental prices. According to a report by Cypriot fintech company Ask WiRE, which again highlights the problem of vacant..

Record €5.2 bln in property sales

15.02.2023 According to an in-depth analysis by PwC, the total value of real estate transactions in Cyprus reached a record level of 5.2 billion euros in 2022, recording an annual..

Construction of real estate in Cyprus today

11.02.2023 Non-residential building permits recorded a 5.1% year-on-year decline, falling to 1,088 from 1,146, and lot subdivision was down 3.8% year-on-year. Conversely, civil engineering projects rose 13.9% year-on-year between January..

The politics of real estate

11.02.2023 I wonder what the future holds for real estate when we have a new president. Based on what the candidates have announced, we can make some assumptions about how..

Portgate Tower: The new tower of Limassol with a Cypriot stamp

10.02.2023 The new gem of Limassol is located on the main road to the port. Cypriot architecture firm CSS Architects & Associates took over the entire design of the tower..

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