News

Online property auctions resume

12.05.2022 Auctions of confiscated properties have resumed after a two-year freeze imposed by the authorities due to the effects of the COVID-19 pandemic, with 800 auctions scheduled for the coming..

Outlining European real estate

11.05.2022 Events in Cyprus are always connected to a large extent with events in the rest of Europe and especially in the Eurozone. As in our country, the European real..

Продажа недвижимости для отдыха и инвестиций от AstroBank

11.05.2022 AstroBank offers properties for sale in Paphos, Larnaca and Nicosia ideal for holidays, living or investment. The Bank's portfolio includes a wide range of properties such as industrial, commercial..

Restrictions on development in SBAs lifted

11.05.2022 The Government of the United Kingdom and the Government of the Republic of Cyprus, at an event held at the Presidential Palace on Monday 9 May 2022, announce the..

Dissatisfaction of the Mayor of Deryneia for the Land Development Plan

11.05.2022 The Mayor of Derynia, Andros Karagiannis, expresses his displeasure with the recently announced British Base Land Development Plan, as he claims "Derynia is being hurt again". The municipality said..

OSEOK hosts the 113th Congress of the Pan-European Federation of Manufacturers

10.05.2022 The Federation of Cyprus Construction Contractors Associations (OSECO) hosts for the second time in Cyprus the 113th Conference of the Pan-European Federation of Builders “European Federation of Construction (FIEC)”,..

Dream Tower: Deal station with sale of 21 apartments to Israelis

10.05.2022 One of the most important real estate investments in Cyprus with an Israeli flair was recently made in Limassol. The mediation of LA Business Consultancy Ltd in the agreement..

New fees/charges on environmental studies for developments

09.05.2022 A decree came into force that changes the data on fees and charges related to the preparation of EIA from individual projects. The statement from the Department of the..

Real estate restructurings and new mortgages (January – March 2022)

09.05.2022 The banking sector is the cornerstone of both the domestic and global economies. It is important to the economy because of its role in storing wealth (deposits) and providing..

The old Municipal Market of Nicosia is being revived

09.05.2022 The old Municipal Market in Nicosia takes on a new breath and a completely different face. Restoration and expansion work is proceeding at an intensive pace. Work has recently..

The way forward for real estate in Cyprus

08.05.2022 Giannis Misirlis spoke about new real estate trends at the Economist Business Summit in London. The sudden emergence of the pandemic has brought about a radical change in the..

Building materials: The situation is out of control, 3 months for a container

07.05.2022 Price increases and delays in receiving orders from abroad make up the picture in the building materials trade sector in Cyprus, which is directly and heavily affected by problems..

They don’t leave the “slum”

07.05.2022 The case for the demolition of the "slums" in front of the Larnaca Pan-Cypriot Lyceum fell on the path of justice, since two of the eleven refugee families involved..

Landslides are a chronic problem in Aglantzia

07.05.2022 The fight against the landslide phenomenon in the municipality of Aglancia is progressing at a snail's pace since the first fallen rocks considered dangerous were recorded in 2004. Although..

Cyprus to submit ‘mortgage to rent’ scheme request to EU in June

07.05.2022 The Cyprus News Agency (CNA) reported on Friday that the Cypriot authorities are to submit a formal request to the EU Competition Authority to implement the European Commission's "mortgage..

A third of all real estate transactions in Nicosia in the first quarter of 2022 involved apartments

07.05.2022 A third of all real estate transactions in Nicosia in the first quarter of 2022 involved apartments, according to a report from the Real Estate Agents Registration Board released..

It’s not a seller’s market

07.05.2022 Filing a contract of sale with the Land Registry Office is a form of buyer protection, whether the property has a separate title or not. This measure can be..

The areas of Nicosia where the most apartments were sold

06.05.2022 Nearly a third of the transactions completed in Nicosia in the first quarter of 2022 were for apartments. In particular, 536 out of 1574 transactions (transfers and deposition of..

This is how houses in mountainous and acrid areas will be subsidized

06.05.2022 A new housing plan recently announced by the government aims to revitalize mountainous, critical and disadvantaged areas, meeting the housing needs of singles, couples and families. The purpose of..

The attractive properties of the week from Altamira Real Estate

05.05.2022 After huge interest in the Altamira Real Estate package of 120 new properties and a very large number of proposals submitted, the company is back again this week with..

Uncertainty real estate sector can stay buoyant

05.05.2022 Real estate stakeholders are concerned about the near-term outlook for the construction sector and are warning not to be fooled by the uptrend in property sales as the war..

Petrolina Holdings: A master plan for Larnaca

04.05.2022 Who at least once did not pass by fuel tanks on the shore of Larnaca-Dhekelia. Despite their contribution to the economy, they have long been decommissioned, and their gradual..

Developers crushed under soaring costs

04.05.2022 The construction industry is suffering from the continued rise in raw material prices, and builders are crushed by higher costs as they are deprived of Russian money. Developers say..

Eba: The concern about overconcentration of immigrants is growing

04.05.2022 The situation in the Eba community is becoming more and more alarming due to the excessive concentration of immigrants of Arab and African descent in places of residence in..

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