News

ECB purchased Cypriot bonds worth €4.3 bln in total

13.08.2022 The total value of Cypriot bonds held by the European Central Bank (ECB) amounted to 4.29 billion euros after the completion of the Public Sector Purchase Program (PSPP) in..

Cystat сообщает об увеличении цен на строительные материалы

13.08.2022 According to a report from the Cypriot Statistical Office (Cystat) released on Friday, the building materials price index for July 2022 recorded a slight increase of 0.09 percent compared..

Telecommunications company invests in sustainable development

13.08.2022 Telecommunications provider Epic announced this week that it is investing in green and sustainable development, the ultimate goal of which is to reduce the company's environmental impact and help..

The building materials price index for July 2022 recorded a slight increase of 0.09 percent compared to the previous month

President signs controversial foreclosure law

13.08.2022 A controversial foreclosure bill was signed in the Republic of Cyprus over objections from the country's finance minister, who accused lawmakers of populism. President Nikos Anastasiadis signed into law..

Real estate ownership balance shifting

13.08.2022 The recent Financial Stability Report of the Central Bank of Cyprus included some interesting data on loans and properties that have been taken over by credit acquiring companies (CACs),..

An oasis in the commercial center of Larnaca

13.08.2022 An oasis for Larnaca's commercial center will be Zuchuri Square, which is expected to be completed around the end of September. The renovation of the building complex is in..

Property developers scramble to meet demand as Limassol leads the way

12.08.2022 Strong demand in the Cypriot real estate sector is being met by numerous costly investments, with the lion's share coming from the Limassol area, the Real Estate Agents Registration..

Cypriots are now in smaller and cheaper houses

12.08.2022 The emerging trend towards smaller and therefore cheaper buildings, especially residential buildings, is evidenced by data from the Statistical Office regarding building permits issued by municipal governments and provincial..

Steady, but prohibitive construction costs

12.08.2022 A new increase in construction costs was recorded in July this year. Although prices rose slightly compared to June this year, but compared to July 2021, building materials increased..

For sale seaside villas million euros

12.08.2022 Luxury villas by the sea are available for sale through a new platform of licensed real estate agents. A new website for real estate available from licensed real estate..

Public debt in Cyprus declines to €24.18 billion

12.08.2022 According to the latest available data, the Cypriot public debt decreased to 24.18 billion euros at the end of June 2022, a decrease of 3.10% compared to the corresponding..

Andreas Demetriades: remain regarding the permanent residence program in Cyprus

12.08.2022 Andreas Demetriades, president of the Large Investment Projects Association, said this week that questions remain regarding the permanent residence program in Cyprus and asked the Interior Ministry to "immediately..

Third-country nationals who invest €300,000 are eligible for a residence permit for two years months

More permits, smaller and less valuable buildings

11.08.2022 The number of building permits increased by 3.6% between January and May 2022 compared to the corresponding period last year, while both the cost of these permits and the..

Altamira: Villas from €116,000 in mountainous and coastal areas

11.08.2022 The interest of Cypriots in buying a holiday home near the sea or in the mountains has increased. More and more people are looking for moments of peace and..

Canyon: The new residential development of 34 units in Limassol

11.08.2022 A new large residential complex in Limassol is under development, which will simultaneously offer many services. This is the Canyon project, which concerns a residential complex of 34 units...

Building permits up 3.6%

11.08.2022 Between January and May 2022, a 3.6% annual increase in building permits was recorded. According to the Statistical Service, 3,272 building permits were issued between January and May 2022,..

Increasing trend in property values

11.08.2022 KPMG Cyprus has announced the release of the RICS Cyprus Property Price Index jointly with KPMG Cyprus for the second quarter of 2022. On behalf of KPMG in Cyprus,..

New residence permits reach pre-pandemic levels

11.08.2022 New residence permits issued in the European Union, as well as in Cyprus to non-EU citizens, reached pre-pandemic levels in 2021, according to data on first residence permits published..

The market capitalization of all shares traded in July on the Cyprus Stock Exchange reached 1.9 billion euros

11.08.2022 According to a CSE statement released this week, the market capitalization of all shares traded in July on the Cyprus Stock Exchange reached 1.9 billion euros. In addition, the..

Limassol leads real estate transactions

11.08.2022 Limassol's development as a business center and destination for international technology companies has supported its real estate sector since the closure of the golden passport scheme at the end..

The most expensive commercial properties REMU, APS, Altamira and Gordian

10.08.2022 Commercial properties ranging from several million euros to tens of millions of euros are listed on popular real estate platforms. These are buildings that are a registered trademark for..

Major shareholder in ASPL with 96.2% Prodea Real Estate Investment

10.08.2022 PRODEA Real Estate Investment Company SA increased my share in Aphrodite Springs Public ltd (ASPL) up to 96.2 % . Company acquired 7,245 shares of Aphrodite Springs Public ltd..

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