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The publication of building permits data in Cyprus has been delayed due to changes in the process. According to a statement by the Cyprus Statistical Service (Cystat), the delay is..
Domenica Group , a leader in luxury property development in Paphos, held a gala event on September 25th to celebrate the success of one of its largest projects, the Elements..
The Public Works Department of the Ministry of Transport, Communications and Works of Cyprus has signed a contract for the construction of a new roundabout and improvement of the access..
One of the main problems facing the construction sector in Cyprus is the lack of skilled labour, said Stefanos , Secretary General of the Cyprus Construction Contractors Association (OSEOK). Pieridis..
The Cyprus Department of Environmental Protection has approved the expansion of the Linear Park along the Pedios River in Nicosia, a project which includes the creation of new pedestrian paths..
With inflation rising and interest rates increasing, the European property market is facing serious challenges. However, the property markets of Cyprus, Greece and Serbia continue to demonstrate resilience, offering attractive..
In the second quarter of 2024, house prices in the EU countries increased by 1.9% and rents for residential properties increased by 0.7% compared to the first quarter of 2024...
In the coming years, the government will focus on promoting and completing new tourism projects, with a particular focus on the construction of new golf courses and marinas. The Tourism..
The number of new residential properties put up for auction has increased significantly since Q2 2024, following a pause caused by changes in the property confiscation legislation at the end..
The European Commission intends to take “concrete and effective” steps to improve housing conditions by playing a more active role in this area. However , it will respect the principles..
Cyprus will be one of the venues for the meeting of the Consortium for European Building Control ( CEBC ), which is being organised by the Ministry of Interior. The..
On October 7, a meeting was held between the Pancyprian Construction Entrepreneurs Association and the Cyprus Banking Association, where key issues affecting both the banking sector and the real estate..
According to official statistics published by the Cyprus Land Department, the number of property transactions in September 2024 decreased slightly compared to the same period last year. A total of..
Office rents in Cyprus, particularly in coastal Limassol , are in some cases higher than in London or Amsterdam. Major tech companies operating on the island say that the issue..
Construction work on the MHV Mediterranean project Hospitality Venture Group called "The Landmark Nicosia » is actively continuing. This significant project, located in one of the central areas of the..
The 'golden passports' trial linked to the Al investigation Jazeera , postponed again. The case stems from a 2020 investigation that accused senior figures of corruption. The defendants include former..
In August 2024, the ten most expensive property transactions in Cyprus totalled €20.9 million, according to data from Ask Wire . The largest transaction is the sale of a house..
According to Eurostat, residential property prices in the eurozone have started to rise for the first time in more than a year. This confirms the expectations of property market experts,..
For decades, the Cyprus property market has been plagued by buyers who purchase properties without title deeds. To protect such buyers, the Cyprus Parliament passed several laws aimed at regulating..
The residential property price index for the second quarter of 2024 was 112.86 units, according to preliminary data from the Statistical Service. Compared with the same period in 2023, the..
A recent meeting organized by the Pancyprian Association of Construction and Land Development Entrepreneurs with the heads of district self-governments focused on the need to modernize and speed up the..
In the coming years, Nicosia is expected to undergo major construction projects that will lead to population redistribution and the creation of new jobs. According to the Sustainable Mobility (SMM)..
The process of issuing residential building permits accelerated significantly in the first half of 2024. The number of issued residential building permits increased by 29.2%, reaching 3,171 compared to 2,455..
According to a new law passed by parliament, local authorities, including municipalities and district administrations, will continue to be responsible for supervising emergency buildings until March 31, 2025. The decision..
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