News

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..

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..

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