News

Real estate sales almost reached €1.3 billion in the first quarter

19.04.2022 Real estate sales in Cyprus in the first quarter of 2022 amounted to almost 1.3 billion euros, according to data released by the Land Registry, the Real Estate Registration..

Construction materials prices up 19% in March

18.04.2022 Building materials prices in March 2022 continued the upward trend of the past 14 months, with the corresponding indicator increasing by 19.08% compared to the corresponding month of 2021...

€40-million plan to revive Nicosia’s city centre within the city walls

18.04.2022 The Cypriot government presented on Monday a plan for the revitalization of the center of Nicosia, located within the historic Venetian walls, for a total of 40 million euros,..

SOS for Limassol coast

18.04.2022 The new holistic environmental risk assessment of the coast of Limassol is the largest environmental research project for the city. It was presented to the public at the second..

Optimum use of your garden

18.04.2022 People are increasingly appreciating the opportunity to spend time outdoors, and people want to get the most out of their garden. There are many different ways to use your..

The principle of right and obligation

18.04.2022 Whoever benefits from the deal must also bear the burden. The basic principle of law is that a person who decides to accept the right associated with the fulfillment..

Passports revoked and law firms fined

17.04.2022 The Council of Ministers has decided to revoke the passports of four Russians and their family members who were granted Cypriot citizenship under the island's disgraced citizenship-by-investment scheme (also..

High inflation is the future

16.04.2022 Economists and authorities in Cyprus are increasingly concerned that the surge in inflation that hit the island will turn into a tidal wave that will last for several years..

Property values rise on regional unrest

16.04.2022 It turns out that someone else's poverty from time to time helps the real estate of Cyprus. Those of a more "mature" age will remember the Lebanese interest (as..

Prospects for business and trade cooperation between Cambodia and the Larnaca Chamber of Commerce and Industry

15.04.2022 Prospects for business and trade cooperation between Cambodia and the Larnaca Chamber of Commerce and Industry were discussed at a meeting between them on Thursday. “The meeting took place..

Recovery in real estate prices continues

14.04.2022 The recovery in property prices continued in the fourth quarter of 2021, mainly driven by domestic demand. However, the Central Bank of Cyprus (CBC) notes that the constant increase..

Local demand and higher costs push property prices up

14.04.2022 According to the Central Bank of Cyprus Residential Property Price Index report released on Wednesday, property prices in Cyprus rebounded in the fourth quarter of last year thanks to..

Ukraine war pushes construction costs higher

14.04.2022 The war in Ukraine is hurting the Cyprus property industry as the already inflated cost of building materials gets even higher as barriers to international trade increase. According to..

What needs to be done to improve the image of the buildings in our cities

14.04.2022 Traveling through our cities and seeing their center as well as their surroundings, you feel that much needs to be done to improve their image and, consequently, the quality..

My Mall: In EPA the acquisition of 46% with the scent of Israel

14.04.2022 The sale of 46% of the share capital of the shopping center in Limassol to an Israeli consortium, which includes real estate companies, is underway. In particular, there is..

The properties of the week from Altamira Real Estate

13.04.2022 More than 50 new objects appeared on Altamira Real Estate website this week. And this Tuesday, the company presents unique options for buying real estate with significant exploitation prospects..

Inflation biggest threat to recovery

12.04.2022 Finance Minister Konstantinos Petrides fears that the current energy crisis caused by the war in Ukraine will be difficult to tame by comparing it to the oil crisis of..

EIB stands ready to support Cyprus

12.04.2022 European Investment Bank (EIB) President Werner Hoyer said on Monday that the bank is ready to support investments in Cyprus to reduce the impact and economic disruption caused by..

Hellenic Bank agreed with PIMCO on an €1.32 billion NPEs sale

11.04.2022 Hellenic Bank, the second largest lender in Cyprus, announced that it has entered into an agreement with Oxalis, an entity managed and advised by Pacific Investment Management Company LLC..

The role of embassies in business

11.04.2022 Embassies of the country are a reflection of the country abroad. When it comes to the world of business, embassies must promote the business interests of the country they..

Disposition by will and succession of relatives

11.04.2022 The disposition of a will is regulated by law to protect the next of kin of the testator. A person may legally dispose of all or any part of..

Gardens are where the action is

10.04.2022 With more free time and more people turning to outdoor activities, we are discovering many alternative ways to use our garden that make living in our home more enjoyable..

House Price Index down 5.3% in 4Q of 2021

08.04.2022 The annual drop in the Cyprus House Price Index (HPI) in Cyprus in the 4th quarter of last year was 5.3%. According to the preliminary estimate of the Statistical..

Output prices index in construction up in 4Q 2021

08.04.2022 The construction exit price index in the fourth quarter of 2021 recorded an annual increase of 9.3%. According to the Statistical Service of the Republic of Cyprus, the construction..

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