News

New property development for Larnaca

29.06.2022 Larnaca's transformation is not limited to a €1.2 billion redevelopment of its marina and port, already in the making, as two residential towers and a hotel called the Staston..

Cypriot passport in fourteenth place

28.06.2022 According to the 2022 Henley Passport Index, the Cyprus passport ranks fourteenth out of 227 countries in the world. The index is an initial authoritative ranking of all the..

VAT rate on first homes rethink

28.06.2022 Faced with opposition from MPs and construction industry stakeholders, the government again agreed on Monday to revise parts of a bill that would reduce VAT on first homes. The..

Higher VAT on smaller homes ‘spells disaster’

28.06.2022 A European Union directive to reduce the size of homes eligible for a 5% VAT reduction has sparked outrage from real estate agents and developers, claiming it would jeopardize..

Non-performing loans rate in banking sector at 11.7% in January

27.06.2022 The level of non-performing loans in the banking sector of Cyprus is 11.7% of total loans at the end of January 2022, compared to 11.1% at the end of..

Things looking grim for real estate sector

27.06.2022 Our office spoke on the phone with a Reuters journalist who asked why there was no strong reaction in Cyprus to such EU proposals as a ban on the..

New lifeline for defaulted borrowers

26.06.2022 Cyprus must throw another lifeline to distressed borrowers to help them keep their homes under its ESTIA scheme for toxic mortgages, which failed to reach all applicants. This time,..

Cyprus mulls raising bar for expat retirees

26.06.2022 British retirees eyeing a retirement home in Cyprus may need to rethink their plans as changes proposed by the government to non-EU residence permits raise the bar for new..

Cyprus should strive to become an international development and business center

25.06.2022 The Large Projects Association (SMA) said on Friday that Cyprus should strive to become an international development and business center, noting that large projects are the cornerstone of the..

Quality scorecard for buying property

25.06.2022 I am often asked if adding quality to a project or property will add value? This is not an easy question, as it depends on what defines "quality" and..

Pissouri homeowners plead with MPs

24.06.2022 Residents of Pissouri on Thursday pleaded with MPs to help with growing problems as a result of ongoing landslides in the area, including banks following them. They asked for..

G. Misirlis: Converting tenants into buyers

23.06.2022 Changes in data on the real estate sector in Limassol. Increased demand, recorded by the local residential market, is gradually shifting the interest of developers to the construction of..

Association of Major Developments: Pillar of the Cypriot economy

23.06.2022 Over time, large investments in development have become a key pillar of the Cypriot economy, supporting the development and prosperity of our country. Tens of thousands of jobs, foreign..

The importance of submitting the sales document to the Land Registry is enormous

22.06.2022 The importance of filing a sales document with the Department of Cadastre and Land Management is mentioned in the fact sheet of the Department. As stated in the Bulletin,..

Constructions: Iron, steel, aluminum and plastic from… gold

22.06.2022 The cost of construction continues to rise, which has soared to an unimaginable level in a month. In fact, at a time when industry experts and those employed in..

G&P Lazarou: 65 properties in the big e-auction

21.06.2022 The largest electronic auction in June is organized by G&P Lazarou Estate Agents Ltd, which exhibits 65 different properties throughout Cyprus. Properties are available at attractive prices and in..

Attikis Residences: Ultra-luxury apartments from Cybarco in Platis Aglantzias

21.06.2022 Cybarco, a leading luxury real estate developer known for its long and successful track record, has announced the start of sales for the Attikis Residences project in Platis Aglantzias,..

Land near residential zones is available for sale by AstroBank

21.06.2022 Fields adjacent to residential areas in the Larnaca, Nicosia and Limassol areas are for sale by AstroBank. The properties are located in Aletriko, Pyla, Psimofou, Peristeron and Pareklisia. In..

How dark stores affect real estate

20.06.2022 Dark stores are appearing on the Cyprus market, which are created for the sole purpose of preparing and delivering orders to consumers. From the famous Amazon in the USA,..

Foreign companies can’t find a place to stay in Limassol

20.06.2022 The city of Limassol is registering a huge demand in terms of buying but mostly renting offices from companies, with the result that there are no more vacancies. The..

Construction material prices rose further in May

20.06.2022 The Building Materials Price Index rose by 21.81% in May 2022 compared to the corresponding month of 2021 and continued the upward trend that has been following since January..

Cyprus records lowest housing cost overburden in the EU

20.06.2022 Cyprus recorded the lowest level of congestion in the cost of housing in the EU in 2020, the Ministry of Finance said on Friday, citing data from Eurostat. It..

Paphos, Limassol property market booming

19.06.2022 Real estate agents in Limassol and Paphos are reporting the highest demand from foreign buyers and Cypriots for homes since 2020, when the government ended the disgraced citizenship-by-investment scheme...

Ministry passes the buck on Aglandjia rockslides

18.06.2022 The state is not responsible for landslides on private property, the interior ministry said on Friday, a day after MPs and the mayor of Agland applied for financial assistance..

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