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New tax incentives for property owners in Cyprus

New tax incentives for property owners in Cyprus

Cyprus has introduced two bills aimed at providing incentives to property owners who rent out apartments at affordable prices. The measures include significant tax breaks under the “ Renovate-Rent ”..

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Apartment Prices and Rents in Cyprus: Results of the Third Quarter of 2024

Apartment Prices and Rents in Cyprus: Results of the Third Quarter of 2024

Apartment prices and rents in Cyprus showed steady growth in the third quarter of 2024, despite the overall market decline, according to a report by the analytical company Ask Wire..

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Analysis of the Cyprus real estate market for the 3rd quarter of 2024

Analysis of the Cyprus real estate market for the 3rd quarter of 2024

Ask Company Wire , which specialises in tracking transactions, asking prices and construction activity in the property sector, has published its updated Property Sale and Rental Price Index for the..

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Nine-story project on the site of Curium Palace in the center of Limassol : features and prospects

Nine-story project on the site of Curium Palace in the center of Limassol : features and prospects

Hotel Curium The Palace , formerly located on Lord Byron Avenue in Limassol , is being reborn, but with a new image and a completely different purpose. A nine-storey mixed-use..

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Dynamics of the Cyprus construction sector in the first half of 2024

Dynamics of the Cyprus construction sector in the first half of 2024

According to the Statistical Service of Cyprus, in the first six months of 2024, the construction production index increased by 4.7% compared to the same period in 2023. In the..

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Dynamics of the Cyprus real estate market: results for October 2024

Dynamics of the Cyprus real estate market: results for October 2024

Property sales in Cyprus showed a slight increase of 1% in October 2024, recovering from a decline in September. According to the data from the Land Registry Department, the number..

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Meteora Residences : new residential and commercial project in the center of Paphos

Meteora Residences : new residential and commercial project in the center of Paphos

Aristo Company Developers , a leader in the construction industry in Cyprus with over 40 years of experience and a portfolio of 265 completed projects, has announced the start of..

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New projects and trends in the Cyprus real estate market

New projects and trends in the Cyprus real estate market

The number of new construction projects in Cyprus continues to grow in 2024, with residential projects leading the way. KPMG Cyprus report Real Estate Market Report Insights ", presented in..

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Compensation for damage to property: Limassol -Paphos Court decision in case K24/2021

Compensation for damage to property: Limassol -Paphos Court decision in case K24/2021

Failure by the tenant to repair or maintain the property creates a right for the landlord to compensation. Under standard lease terms, the tenant is obliged to hand over the..

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Rental yields in Cyprus: profitable areas and investments

Rental yields in Cyprus: profitable areas and investments

Residential property investors in Cyprus are seeing rental yields that are significantly higher than those on bank deposits. As of October, average rental yields are up to 6%, while deposit..

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How have house prices changed in Cyprus in the second quarter of 2024?

How have house prices changed in Cyprus in the second quarter of 2024?

In the second quarter of 2024, the overall residential property price index reached 96.6 units. This represents a quarterly increase of 1.6%, which is in line with the growth rate..

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Dynamics of residential property prices in Cyprus in Q2 2024 by districts

Dynamics of residential property prices in Cyprus in Q2 2024 by districts

In the second quarter of 2024, residential property prices in Cyprus continued to rise, albeit at a slower pace. According to the latest Residential Property Price Index (RPPI) published by..

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How have property prices changed in Cyprus in the second quarter of 2024?

How have property prices changed in Cyprus in the second quarter of 2024?

In the second quarter of 2024, residential property prices in Cyprus continued to increase, although the rate of increase in the apartment segment slowed down. According to the Property Price..

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Limassol leads in residential property price growth in 2024

Limassol leads in residential property price growth in 2024

Prices for new residential property in Limassol have increased significantly in the first nine months of 2024. According to a report by analytics company Landbank Analytics , the price of..

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Cyprus Property Market: Price Stability and Supply Issues

Cyprus Property Market: Price Stability and Supply Issues

The residential property market in Cyprus is showing stability despite some signs of stagnation. According to analysts, growing demand, especially from foreign buyers, continues to push up the cost of..

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How has the new build market changed in Cyprus in 2024?

How has the new build market changed in Cyprus in 2024?

The first nine months of 2024 have seen significant changes in the Cyprus residential property market. New build sales have shown strong growth in the apartment segment, while the new..

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Shinko and Midori Residences – premium residential complexes from Tor Properties in Limassol

Shinko and Midori Residences – premium residential complexes from Tor Properties in Limassol

Tor Company Properties , a leader in sustainable development and construction in Cyprus, is redefining modern real estate. By implementing high standards in the field of Environment, Social Responsibility and..

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How did Nicosia become the cultural centre of Cyprus?

How did Nicosia become the cultural centre of Cyprus?

The capital of Cyprus, Nicosia, is the epicentre of the island’s cultural life. Despite its relatively small size, the city has earned a reputation as one of Europe’s most vibrant..

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European residential property market: price comparison and foreign investor interest

European residential property market: price comparison and foreign investor interest

Residential property prices vary widely across European capitals, with Greece remaining one of the most attractive investment destinations, according to Global Property Guide , residential property prices in Athens and..

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Why Foreigners Leave Cyprus: Reasons for Emigration

Why Foreigners Leave Cyprus: Reasons for Emigration

Cyprus has long been known as a place where foreigners find tranquility, a warm climate and a unique way of life. However, recent data shows that the flow of emigration..

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How can young people in Cyprus get assistance to purchase residential property?

How can young people in Cyprus get assistance to purchase residential property?

From 15 November 2024, applications for the financial support programme for young people and couples up to 41 years of age will be accepted. This initiative aims to facilitate the..

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Unique villas on Akamas Peninsula win international awards

Unique villas on Akamas Peninsula win international awards

Akamas Project Bay Villas , developed by Cybarco Development has gained international recognition, winning two prestigious awards at the International Property Awards 2024. This project won the best in the..

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Belle Air Niche Villas : a new concept of luxury living in Limassol

Belle Air Niche Villas : a new concept of luxury living in Limassol

Project Belle Air Niche Villas , located in the picturesque area of Souni in Limassol , offers a reinterpretation of the concept of a sophisticated and comfortable lifestyle . This..

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BBF’s Landmark Projects in Cyprus: Your Choice of Property

BBF’s Landmark Projects in Cyprus: Your Choice of Property

BBF is a recognized leader in residential and commercial development, with its head office in Limassol and branches in Larnaca , Paphos, Nicosia and Athens. In more than 15 years..

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