News

Procedure for contempt of a court order

02.03.2022 The procedure is carried out on the basis of sworn testimony, with the exception of the right to cross-examination. The courts have the power to issue orders, interim or..

Ready-made solutions for buying a house and apartment from Altamira

28.02.2022 We found ready-made vacant houses and apartments through Altamira Real Estate's weekly newsletter, which includes a total of 58 new properties. The unique opportunities that we have decided to..

P. Ioannou succeeded in suspending the auction of professional housing

28.02.2022 The real estate auction, scheduled for March 7, has been suspended after accepting the financial commissioner's proposals, Pavlos Ioannou himself said on Thursday, noting that the cancellation of the..

Real Estate Agents: Access to comparative sales increases transparency

28.02.2022 The Department of Land Registry and Surveying recently provided access to comparative real estate sales data to licensed real estate agents, members of the Real Estate Registration Board. This..

GoResidential: Houses, apartments and plots from € 105,000

28.02.2022 Gordian offers houses, apartments and residential plots to all those who are considering buying a home for personal use or for investment. Interested parties are invited to explore a..

Limassol holds the scepter in luxury houses and apartments

28.02.2022 The market for luxury houses and apartments in 2021 remained stable, despite the termination of the investment program of Cyprus. According to the PwC Cyprus Cyprus Property Market Report,..

RCB Bank: Irena Georgiadou new member on Board of Directors

28.02.2022 Following regulatory approvals from Nicosia and Frankfurt, the Board of Directors of RCB Bank Ltd appointed Ms. Irena Georgiada as its member at today's meeting. On February 24, 2022,..

CBC: Measures in place to limit impact of Ukrainian crisis on Cyprus’ banking sector

28.02.2022 The Central Bank of Cyprus (CBC) in a written statement assures that the necessary precautions have been taken to minimize any impact of the war in Ukraine on the..

Confidentiality agreements

28.02.2022 Confidentiality must be guaranteed in commercial transactions. Each transaction includes elements of confidentiality, especially in relation to the sale of assets, property, shares or in the case of brokerage,..

Rising property prices a challenge for everyone

27.02.2022 The public and private sectors must work together to consolidate the real estate market. The steady rise in property prices is a serious problem that is not being adequately..

Making good decisions on property compensation

26.02.2022 There should be an explanation of what is considered a loss of the right to use property and compensation for it. The topic came up in court cases where..

Soaring rents harm job market

26.02.2022 There is a Catch-22 when looking for a high paying job, especially in Limassol where exorbitant rents are a deterrent. This leads to people having hesitations when considering a..

Cyprus is one of the top destinations for permanent residence

26.02.2022 The Cyprus Plan is one of the leading real estate investment programs that grant permanent residency to property owners, and Cyprus is considered an ideal place for permanent residence..

Real estate sales reached pre-pandemic levels in 2021

26.02.2022 The findings of the PwC Cyprus report on the real estate sector in Cyprus are very important. The report shows that real estate sales in 2021 increased by 30%..

Ready-made houses, apartments and plots that stand out

25.02.2022 A rich selection of finished houses, apartments and building plots stands out in Altamira Real Estate's weekly newsletter, which includes 47 new properties. The selected properties that we have..

Impressive interior of Limassol Del Mar-Exclusive shots

25.02.2022 The first and main phase of construction of Limassol Del Mar has recently been completed. This building with unique architecture adorns the coastal part of Limassol. This 35,000 sqm..

NPLs mark no significant change in November 2021

25.02.2022 According to data released on Friday by the Central Bank of Cyprus, the total amount of non-performing loans (NPL) in the banking sector of Cyprus in November 2021 did..

Deposits in January 2022 decline for the first time following a ten-month rise

25.02.2022 Deposits in the banking system of Cyprus in January 2022 decreased by 341.8 million euros, which was the first net (excluding changes caused by reclassification, exchange rate and other..

RCB Bank announced change in the shareholding structure

25.02.2022 RCB Bank announces a change in its share capital structure. “On February 24, 2022, 46.29% of the shares of RCB Bank owned by VTB Bank (PJSC) were acquired by..

Increased transparency to benefit property buyers

24.02.2022 Real estate agents who are given access to real estate price data benefit property buyers, Marinos Kineiro, president of the Real Estate Agents Registration Board, said Wednesday. This refers..

The x-ray of the house and apartment market

24.02.2022 A 16% increase compared to 2020 was recorded in 2021 in the value of transactions in the residential sector, reaching 2.4 billion euros. According to the PwC Cyprus report..

Real Estate Market: Transaction value reached €3,8bn during 2021

23.02.2022 PwC Cyprus has released its latest publication on the Cyprus property market, which provides information on the performance of the sector in 2021, showing clear signs of recovery, despite..

The new general real estate appraisal and its importance for the citizens

23.02.2022 As it became known, in May next year, a new general assessment of real estate in Cyprus is expected to be published in prices as of January 1, 2021...

WiRE: Successful raising of funds by investors

23.02.2022 WiRE, a Cyprus fintech company providing dynamic real estate data across Europe, today announced the completion of its investment cycle. The innovative company has attracted investments of around 1..

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