News

G. Theocharidis: Vigilant for the orderly operation of the market

31.03.2022 The Cyprus Securities and Exchange Commission (CCC) is on full alert to ensure the continued smooth operation of the market, awaiting the risk assessment and responses it has requested..

Fiscal Council: Approval of Stability Program with asterisks

31.03.2022 The Financial Council of Cyprus has announced that it has unanimously approved the Stability Program estimates and projections, which will shortly be submitted to the Commission. However, he warned..

The Symbol Residence tower in Limassol is taking shape

31.03.2022 The construction work on the construction of a multi-storey residential complex in the privileged area of Agios Tychonas in Limassol is proceeding at an intensive pace. This is a..

The debt index of households and non-financial companies is down

31.03.2022 The debt ratio, that is, debt as a percentage of gross domestic product (GDP), of households has fallen by nearly 30% and non-financial corporations by 57% over the past..

Andreas Vyras: Larnaca is attractive to investors

31.03.2022 The municipality of the city aims to create a new Larnaca through a multi-faceted project, an important part of which is the integrated development of the port and marina,..

Petros Petrou: A blow, but the properties will withstand the sanctions

31.03.2022 Russia has been the most important market for the Cyprus real estate sector, and therefore Western sanctions have a negative economic impact, Oros Group CEO Petros Petrou said, noting..

Trilogy: Sales exceeded € 300 million

31.03.2022 At the last stage of completion of the first phase of its construction is the Trilogy project presented by Cybarco, which will beautify the coast of Limassol. In particular,..

Imperio House: The first Green jewel of Limassol

30.03.2022 True to the green philosophy that has been incorporated into its projects for many years, Imperio is proud to present Imperio House, Net Zero's first office building in Limassol...

Construction: Freezing of works, increases and all damaged

30.03.2022 The vertical and continuous rise in the cost of construction, which in many cases burdens the contractor and/or the buyer, public works that are threatened with the suspension of..

ECB President: Cyprus is a key player in EU and Eurozone

30.03.2022 Cyprus is not at the far end of Europe but at its heart and is a key player and a key member state in Europe and the Eurozone, European..

The Municipality of Nicosia informs about areas of Omorfita that fall under the Revitalization of Critical Areas Plan

30.03.2022 The Nicosia Municipality announces in an announcement that from March 4, 2022, applications will begin for a revised housing plan for the rehabilitation of the mountainous, critical and disadvantaged..

ECB chief confident Cyprus will ‘bounce back’

30.03.2022 European Central Bank (ECB) President Christine Lagarde, during her visit to the island on Wednesday, expressed confidence that Cyprus will recover from the setbacks caused by the coronavirus pandemic..

Government urged to challenge EC’s ruling on property VAT

30.03.2022 The Ministry of Finance will collect more data as part of its bid to convince the European Commission to agree to the republic's proposal to continue the agreement to..

Revoking golden passports to Russians ‘impossible’

30.03.2022 The EU's recommendation to member countries to revoke passports issued to Russian and Belarusian oligarchs on the bloc's sanctions list puts Cyprus in an awkward position. Lawyers warn that..

Moody’s confirmed RCB Bank’s B1 deposit ratings, with negative outlook

28.03.2022 Today, Moody's Investors Service affirmed the long-term deposit rating of RCB Bank Ltd. (RCB Bank) at B1 with a negative outlook. At the same time, Moody's downgraded the bank's..

Deposits up €3.65 billion, loans down €3.01 billion in February 2022

28.03.2022 Deposits in the banking system of Cyprus at the end of February 2022 amounted to 51.5 billion euros, which is 3.65 billion euros more than in February 2021. According..

EU seeks halt of citizenship & visa sales to Russians & Belarusians

28.03.2022 The European Commission urged EU governments on Monday to end national programs to sell citizenship to investors, also known as golden passport schemes, and urged them to suspend the..

Gordian: Four GoDeals properties from € 55,000 in Paphos and Limassol

28.03.2022 As part of expanding its GoDeals portfolio, Gordian is introducing new properties at discounted prices, offering even more options for those interested in investing in residential, commercial, tourism, industrial..

Detailed job vacancies in each sector

28.03.2022 At the end of last year, the number of vacancies reached 10,000, which is 94.3% (4,679) more than at the end of 2020. In percentage terms, the most vacancies..

Housing on paper: Who pays the bride if the cost increases

28.03.2022 There is confusion among property buyers who signed housing contracts prior to the start of a building cost increase or intensification rally as to how to allocate the additional..

A. Christoforidis: Cracks in the demand and supply of real estate

26.03.2022 Landbank Real Estate Analytics CEO Andreas F. Christophoridis predicts the impact of the Russian-Ukrainian crisis on construction costs and the real estate market. Mr. Christophoridis noted that both the..

Tourist village in Larnaca

31.03.2022 US-based NCH Capital (Cyprus) is preparing to launch a multi-million dollar tourism project in the region, which will be built on land currently occupied by the old Beau Rivage..

Major projects underway in Larnaca, Nicosia

26.03.2022 The real estate and construction sectors of Cyprus are in the twilight of the Citizenship by Investment program, turning their attention to the capital and the once abandoned coastal..

Seeking new markets in 2022

26.03.2022 The end of 2021, the real estate sector of Cyprus met without major changes. Locally oriented budget housing in the region of €300,000-€500,000 was in good demand and rising..

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