News

No remedy for rising rents

10.12.2022 Rising rents and a shortage of apartments for rent will not solve the problem, but will affect the future of the market. This creates problems for Cypriots and makes..

Pafilia is a business leader in the construction and real property sector

09.12.2022 IMH and the Cyprus Chamber of Commerce and Industry organize the KEBE Business Award every year leader Awards . This year the CEO of Pafilia , Mr. Iliadis ,..

Country houses have found their lost glory

09.12.2022 Vacation homes continue to show a steady upward trend in purchase and rental values. Cyprus Quarterly Property Price Index prepared by KPMG Cyprus, after a sharp drop due to..

Apartment prices without brakes

08.12.2022 Residential real estate continued to perform well in the third quarter of 2022, with consistent positive trends in both homes and apartments holding up well. At the same time,..

New measure to provide clarity in Cyprus property market

07.12.2022 On Tuesday, the Real Estate Agents Registration Board said that an important measure will soon be implemented that will affect the Cyprus property market and how potential buyers will..

ZIKZAK Architects complete landmark Limassol office project

07.12.2022 ZIKZAK Architects celebrate the successful completion of a project in Limassol implemented on behalf of an international I T-companies. The architecture firm has designed a new façade for a..

Vast majority of Limassol buildings in earthquake zone

06.12.2022 More than 70% of the buildings in the Limassol area are built in an earthquake-prone area, the Cypriot fintech company, which registers the profile of all real estate in..

Armeftis Partners: New green project in Limassol

06.12.2022 Architectural bureau Armeftis Partners has completed the design of another project in the heart of Limassol , namely in the area of the Municipal Cultural Center of Papadakios ...

Real property slowed down down, sales fell in Nicosia

06.12.2022 In November 2022, property sales in Cyprus were at a slow pace, despite a positive trend, with the number of sale documents reaching 1293 from 1149 in November last..

Home buyers cheated state of €16.2 mln VAT

06.12.2022 More than 270 people, mostly foreign investors, who wished to obtain a Cypriot passport, benefited from a reduced VAT rate of 5% for first time buyers instead of the..

Industrial turnover records annual increase of 22.6% in September

05.12.2022 Industrial turnover recorded an annual growth of 22.6% in September. According to the Statistical Office of Cyprus, in September 2022, the industrial turnover index reached 205.4 units (2015 base..

Is it better to rent or buy?

03.12.2022 What is better - to buy or rent a property in Cyprus? Unfortunately, this is a recurring problem that most young people with limited funds and other buyers have..

Constructions: Fixed , but “crushes” the cost

01.12.2022 Insignificant, only by 0.12%, was the increase in the price index for building materials in relation to the previous month in October, remaining at a high level. However, compared..

Golden passport trial delayed until next year

01.12.2022 Four accused of selling Cypriot passports (so-called "golden passports") to dubious investors for cash were summoned on Wednesday to contest five charges against them in Nicosia's criminal court. At..

DIY renovations prove costly

01.12.2022 The rise in the price of building materials has led to the fact that the number of owners planning to invest in the renovation of their home has decreased..

5% VAT for 1st residence: How many benefits without being beneficiaries

30.11.2022 Since more than 270 people who took advantage of the reduced 5% VAT rate to buy their first home were found ineligible after checks carried out throughout Cyprus by..

A total of €16.2 million will be paid by 275 non-beneficiaries of the first-time home buyers scheme

30.11.2022 Over 270 people who have benefited from the reduced VAT rate of 5% for first time buyers have been found ineligible after inspections carried out throughout Cyprus by the..

Large public projects running, developments in the pipeline or in tenders

29.11.2022 €1.78 billion is the total amount of development projects that have been completed or are underway and announced. Major projects are in the works, including the new Cyprus Museum..

The information on the luxury development in Gladstonos

29.11.2022 A luxury residential complex on a historic street in Nicosia is being prepared by the Rotos group. The Coeo Gladstonos Exclusive Residences under construction on Gladstonos Street is expected..

Developments that strengthen the dynamics of east Limassol

28.11.2022 East Limassol, dominated by the city's five-star hotels, is an area that has laid the groundwork for construction and investment. In particular, many new projects have been realized in..

Green Properties: Unique architecture for timeless value

28.11.2022 Green Properties employs an excellent team of experienced architects who study and design each project in accordance with the following principles: 1) Ergonomics: the goal is to achieve the..

Cyfield’s “Artemis Residence” is in the final stages of delivery

28.11.2022 Cyfield's unique project "Artemis Residence", located in the heart of Nicosia in Agios Omologetis, is in its final stages and is expected to be handed over to the owners..

Are real estate auctions to be trusted?

28.11.2022 For those interested in buying property through auctions, we continue to note various scams that pop up from time to time. As a result, unsuspecting buyers become victims. Initially,..

Hiking interest rates impact house buyers

27.11.2022 The skyrocketing cost of living and higher interest rates threaten to negate the real estate sector's recovery, say local stakeholders who want the government to intervene. A real estate..

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