News

The 10 Largest Real Estate Transactions in Cyprus in the First Half of 2024

29.07.2024 Ask Wire has released data on the 10 most expensive real estate transactions completed in Cyprus during the first half of 2024, along with the total value of..

Luxury Real Estate Sales in Cyprus in June 2024

29.07.2024 Ask Wire has released information about the ten most expensive real estate sales in June 2024. The most expensive property sold in June was an office and commercial..

Incentives Needed to Attract Investors to Cyprus

25.07.2024 "The construction sector is one of the key elements of Cyprus's economy, yet it does not receive the recognition it deserves from the relevant authorities," says Nikos Rotos,..

Urban Planning Incentives Plan for Demolition of Old and Dangerous Buildings

24.07.2024 The Cyprus Scientific and Technical Chamber (ETEK) has approached the Ministry of Interior to request the full text of the urban planning incentives plan for the demolition of..

Key Issues for Discussion at the Cabinet Meeting

24.07.2024 At today's Cabinet meeting at the Presidential Palace, issues concerning housing policy and higher education will be discussed. The President of the Republic, Nikos Christodoulides, noted that one..

Cyprus Chamber of Commerce and Industry (KEBE) Completes Office Modernization

24.07.2024 The Cyprus Chamber of Commerce and Industry (KEBE) has completed the modernization of its building, transforming it into an environmentally friendly or "green" building. The renovation and modernization..

Cyprus’s Prospects as an Investment Hub and the Role of the Construction Sector

24.07.2024 "The construction sector plays a key role in strengthening Cyprus's position as a competitive investment and business center," asserts Dimos Panayiotou, CEO of Limassol Greens. He notes that..

The Cyprus Real Estate Market is Resilient Despite Challenges

23.07.2024 Despite numerous challenges, the Cyprus real estate market has demonstrated significant resilience and stability in sales during the first half of 2024. The Cyprus Real Estate Agents Registration..

The Construction Sector is a Strong and Solid Pillar of Cyprus’s Economy

22.07.2024 "The construction sector in Cyprus has proven its stability and importance to the economy, especially during times of crisis," notes Georgios Ioannou, CEO of Korantina Homes. He emphasizes..

Reconstruction of Part of the Amathos Riverbed to Create a Linear Park in Germasogeia

22.07.2024 A section of the Amathos Riverbed in Germasogeia, located in the Limassol district, is planned to be reconstructed to create a Linear Park. The project, which has received..

Extending the Tourist Season in Cyprus

22.07.2024 Cyprus has many year-round attractions that can be leveraged to attract tourists. In recent years, measures to extend the tourist season by at least four months have been..

Tourism Investments and Risks in the Cyprus Real Estate Market

21.07.2024 Significant investments have been made in Cyprus to develop tourism infrastructure, including the construction of hotels, the creation of quality entertainment venues, and improvements in service, catering, and..

What Awaits the Cyprus Real Estate Market?

20.07.2024 In the near future, the Cyprus real estate market will continue to develop, but the journey will not be easy, and strategic planning will be key to overcoming..

Property Purchase and Rental Prices to Remain Stable in Q2, Followed by a Decline

19.07.2024 Ask Wire, a company specializing in real estate transaction monitoring, asking prices, and construction activity, has released a new report, the Ask Wire Index for the second quarter..

The Most Profitable Real Estate Across Cyprus at the New BidX1 Auction

17.07.2024 Looking for a great deal for your next real estate investment? BidX1 has introduced a new exclusive catalog with over 50 properties at auction. The online auction will..

Cyprus Residential Property Price Index Slows in Q1 2024

17.07.2024 The Cyprus residential property price index decreased in the first quarter of 2024, with the Central Bank of Cyprus (CBC) warning of a potential further decline in the..

The KOP National Sports Center in Kornos is moving forward – It has secured planning permission

15.07.2024 Planning permission was recently granted for the construction of a National Sports Center for the Cyprus Football Federation (CFP) in Kornos. Construction is scheduled to begin by the end..

Short-term rentals in Cyprus: economic boon or scapegoat?

15.07.2024 The short-term rental market, dominated by online platform Airbnb, has come under fire from the Cyprus Real Estate Agents Registration Board and the Cyprus Tourism Enterprises Association (Stek), among..

Construction value added up 8.9% in 2022

12.07.2024 The value added of the Cyprus construction sector at current prices increased by 8.9% to €1,442.4 million in 2023 from €1,325.0 million in 2022. In addition, the study results..

Unions insist on statutory contract regulation in the construction industry

11.07.2024 Unions SEK, PEO and DEOK are pushing for wage regulations for new entrants into the construction industry to effectively combat illegal and undeclared work. According to them, the proposal..

A contractor is being sought for the Troodos Observatory – The goal is to increase traffic

11.07.2024 A competition has been announced to select a contractor to manage and operate the newly opened Troodos Observatory . The President of the Republic, Nikos Christodoulides , noted that..

Limassol Greens Golf Resort: Green for the ‘Starlings’ residential development in the integrated golf resort

10.07.2024 The Department of the Environment has approved the construction and operation of the Starlings residential complex as part of the «Limassol Greens Golf Resort», which includes a golf course..

Cybarco Contracting, a member of the Lanitis group, joins the share capital of Gerik Investments

10.07.2024 Cybarco Contracting Ltd acquired joint stock capital Gerik Investments Ltd, thanks why Cybarco Contracting Ltd together With Ibiscus Investments Ltd will receive joint control above Gerik Investments Ltd. Cybarco..

Incentives to demolish old, unsafe buildings

09.07.2024 Under the government's new plan, old and unsafe buildings, mainly in urban areas, will be demolished and replaced with new, modern facilities. Cabinet approved a plan to provide incentives..

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