News

For tax purposes the general real estate assessment of the Land Registry

09.11.2022 The Real Estate Registration Board is quick to explain the usefulness of the general property appraisal, which is carried out every three years by the Cadastre and Land Management..

REMU: 15 properties at a special price for 15 days

08.11.2022 Bank of Cyprus Property Management Unit (REMU) has announced its second limited campaign of 15 properties at a special price for 15 days. The second campaign of its kind..

Leptos Group: Residential Development Award from European Property Awards

08.11.2022 Leptos Group receives the European Property Award for Coral Seas Villas at the European Winner's Event held on October 27, 2022 at the Royal Lancaster Hotel in London. The..

The developments of millions that give impetus to the Troodos

07.11.2022 Multi-million dollar developments are taking place in the mountain resorts of Cyprus, especially the Troodos region is becoming a magnet for investors. In particular, Platres and Prodromos are preparing..

The mansion in Nicosia for sale for €4.5 million

07.11.2022 Altamira's portfolio includes a two-storey mansion built on four adjoining lots, which is listed for sale for 4.5 million euros. The luxury villa was built in 2010 and is..

The total number of building permits has decreased

07.11.2022 The first eight months of 2022 saw a 4.0% decrease in the number of building permits across Cyprus compared to the corresponding period last year, while the cost of..

Inflation, interest rates threaten real estate market

07.11.2022 The skyrocketing cost of living and higher interest rates are taking a toll on the construction industry as building permits declined in the first eight months of the year...

Real Estate: Inflation and the way forward

07.11.2022 During a recent discussion between a young developer and a real estate agent, new conditions in the real estate market came into focus. It was early morning in the..

Student accommodation boosted in Nicosia’s old city

07.11.2022 There is a significant increase in the availability of student residences in the old city of Nicosia, with 25 applications for 315 rooms. Notably, all bids - both from..

Guru: Prices and availability in the residential resort of Platra

05.11.2022 There is strong buyer interest in the residential resort of Platres, Guru Mountain Resort, whose available properties are now being actively monitored. The project is underway and is expected..

The new office development of Larnaca near Metropolis Mall

04.11.2022 The Environmental Protection Agency has given its approval, subject to conditions, for a new office complex that will be an addition to a housing development already underway. The project..

City Plaza for sale by REInvest Real Estate

04.11.2022 REInvest Real Estate offers for immediate use the well-known commercial property City Plaza, located on Makariou Avenue, the most sought-after commercial area of the capital. City Plaza is an..

Short-term lets must be properly regulated

04.11.2022 The Cyprus Tourism Enterprises Association (STEK) issued a warning on Thursday about the dangers of short-term rentals, saying the rapid spread of the practice in Cyprus needs to be..

Plots and houses from Themis Real Estate

03.11.2022 Demand is driven by new properties listed in Themis Real Estate's extensive range of properties, presenting huge opportunities for potential buyers. Themis Real Estate makes real estate investment more..

Landbank: Successfully sold Themis Real Estate headquarters

03.11.2022 Landbank Property Consultants Ltd has successfully completed another real estate transaction, taking advantage of the positive dynamics of the real estate market. Managing Director of the company Andreas Christophoridis..

High performance for real estate, with the exception of Nicosia

03.11.2022 Real estate sales continued steadily in October, a year in which one strong performance follows another. According to the Department of Cadastre and Geometry, in October this year, property..

Property sales spike 36%

03.11.2022 Despite the energy and cost-of-living crisis, the Cyprus property market is seeing rapid growth amid economic uncertainty. In the first ten months to October 2022, real estate sales were..

Property Gallery’s major investments in Cyprus real estate in Platres

02.11.2022 Platres, one of the most picturesque and historical villages in Cyprus, has recently started to develop as several different refurbishment and redevelopment projects have been launched with the active..

Chamber of Commerce and borrowers’ association discuss foreclosures

02.11.2022 The Borrower Protection Association (Syprodat) met with the Cyprus Chamber of Commerce and Industry (Keve) this week to discuss a range of issues including suspension of foreclosure, viable loan..

Obvious cases of exploitation of the 5% VAT on Cyprus on real estate

02.11.2022 Since the beginning of October 2022, the Department of Taxation has been conducting a compliance campaign through on-site inspections in residences to determine whether the reduced VAT rate has..

Plots and fields drive the Cyprus the real estate market

01.11.2022 Most of the real estate transactions registered in the third quarter of 2022 were with land and fields. This phenomenon is particularly pronounced in Limassol and Nicosia, where the..

Leptos Limassol Park: “Dhalia” Complex sales begin

01.11.2022 Leptos Group announces the start of sales in the exclusive project Leptos Limassol Park with 23 apartments in the new complex 'Dhalia'. 'Dhalia' complex, located in Leptos Limassol Park..

International awards for Soho Resort by Korantina Homes in Cyprus

01.11.2022 Soho Korantina Homes has become a collector of international awards. The luxury complex with the tallest buildings in Paphos at the European Property Awards, held on October 27 at..

Property tax law to help refugees corrected in Cyprus

01.11.2022 In February 2021, the House of Representatives passed an unenforceable law levying a 0.4% tax on all sales of real estate, the proceeds of which were to go to..

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