News

Joint session of the Board of Associations – Members of OSEOK

25.12.2022 On Thursday, 15 December 2022, a joint meeting of all Boards of Directors of the members of the Cyprus Construction Contractors Association ( OSEOK ) was held at the..

Foreign investors driving the property market

25.12.2022 According to the Land Registry, foreign investors have not lost interest in Cypriot property and are not discouraged by rising interest rates as sales doubled in the third quarter..

Major development projects upgrading Nicosia

23.12.2022 Major development projects are on the way, which will change the image of Nicosia. A more recent event is the signing of an agreement to build the Cyprus Museum...

Cybarco: The project that marks the dynamic return to Nicosia

23.12.2022 2023 is also projected to be an extremely active yet important year for Cybarco as the new year sees the completion of major projects currently on the way for..

Energy efficiency in real property investment

23.12.2022 The European Insurance and Occupational Pensions Authority (EIOPA) has published a discussion paper on proactive sustainability risk management with a focus on the real estate sector. The paper highlights..

YOO Limassol started to gain height

22.12.2022 After being recently awarded five stars at the European property Awards this year, the first residential project in Cyprus bearing the name of a unique brand, YOO Limassol inspired..

Real property market thriving despite high interest rates

22.12.2022 The increase in interest rates did not affect the real estate market, as sales rose by 36% compared to the same period last year, according to Elikkos Elia ,..

Yannis Misirlis : The situation in real property is not so gloomy

21.12.2022 Imperio 's founder and director sends a message that through challenges there are opportunities that will shape the future of real estate development Yannis Misirlis . Mr. Misirlis expressed..

Nikos Anastasiadis inaugurates development projects in Nicosia

21.12.2022 The President of the Republic, Nikos Anastasiadis , will today tour Nicosia, where he will inaugurate development projects. Among other things, President Anastasiadis will lay the foundation stone for..

Land Registry department modernizing its records

21.12.2022 The Department of Lands and Surveys (DLS) said it will modernize and update its records so that each property is assigned to its owner with its identification number. Elikkos..

In 2023 the delivery of properties in Trilogy

20.12.2022 2023 marks an important milestone for Trilogy , the ideal place to live, work and play in Cyprus. Delivery of two facade towers and a public area of 6850..

12.65% annual increase in the construction materials price index

19.12.2022 The building materials price index for November 2022 recorded an annual increase of 12.65%, which reached 133.94 units (based on 2015 = 100), according to data released by the..

Evangelia Iliadou : Real property has quite good prospects in 2023

19.12.2022 CEO of Pafilia property Developers Gospel of the Iliad expresses confidence that the real estate market enters 2023 with good prospects. In the context of Business Forecasting 2023, Ms...

360 business Center : Offices next to the skyscraper of Makarios

16.12.2022 Cyfield creates a modern office complex next to the tallest building in Nicosia. "Business Center 360" is located on Aphroditis Street , next to the house 360 Nicosia, in..

New decline in building permits in September

13.12.2022 The number of building permits issued in Cyprus showed a new year-on-year decline in September, while the construction sector was negatively affected by a wave of rising prices. According..

City Space : Property Gallery’s new commercial development gem

13.12.2022 With an ever-expanding portfolio of commercial development projects, Property Gallery announces the start of construction work in its new luxury business center city Space in Limassol . The new..

Sharp rise in Paphos rental prices

13.12.2022 Pavlos Loizu , CEO of Ask Wire believes that “an influx of population due to the wave of immigration during the first three quarters of 2022 and increased demand..

Вuilding permits continued down trend

13.12.2022 Building permits issued in Cyprus in September marked another annual cut as the construction sector suffered from spikes in construction costs amid uncertainty caused by the war in Ukraine...

Real property sales and rental prices continue to rise

13.12.2022 Ask WiRE , a company that combines real estate expertise with technology, has published a new version of the Ask Index WiRE for the third quarter of 2022. Ask..

M. Hatzipanagiotou : Investments in new properties are on hold

12.12.2022 The assessment that the wait-and-see attitude that seems to prevail in some parts of society regarding investment in new real estate is unlikely to change as long as inflation..

Incentives are needed to solve the rent crisis

12.12.2022 Rent increases and a shortage of apartments available for rent are a matter of course. The situation is not only unresolved, but worsens. This creates problems for locals, but..

Housing booms are over as prices fall

12.12.2022 Moody's analysis , the housing boom in many advanced economies is ending due to rising mortgage rates and weak economic growth prospects. “A slowdown in home sales and a..

Scary Nicosia rents

12.12.2022 These are scary times for families living in rental housing in the capital as two-bedroom apartment rents, on average, exceed the national minimum wage. Renting a two-bedroom apartment of..

Nikos Nouris : One of the most important achievements of the government

11.12.2022 The introduction of accelerated planning and building permits, whereby permits are now issued in certain sectors for a maximum of 20 days, is one of the most important achievements..

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