News

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..

Bank of Cyprus: Half of all real estate sales are on land

22.02.2022 The Bank of Cyprus completed a €140 million property sale in 2021, including €6 million in real estate sales related to the MES sales that were completed (compared to..

Bank of Cyprus returns to profitability, reduces NPL rate to single digits

22.02.2022 The Bank of Cyprus, the island's largest lender, returned to profitability in 2021 after losses in 2020 hit by the pandemic, while targeting a 5% NPL ratio by the..

Resolving property disputes between spouses

21.02.2022 The contribution to the acquisition of real estate is adjusted to its value at the time of separation. Property relations between spouses vary from case to case, depending on..

Nicosia backs interest rate increase

21.02.2022 Finance Minister Konstantinos Petrides confirmed that European monetary authorities are considering raising interest rates to combat high inflation. Speaking at a conference on the future of Europe organized by..

Real estate is “recovering” from the effects of the pandemic

19.02.2022 Real estate prices are slightly higher, however, rents jumped the most in the last quarter of last year. Real estate transactions continued to recover from the effects of the..

Strange but true real estate tales

19.02.2022 One of the strangest things about real estate in recent times is insurance fraud, which many people are not immune from. This caught the attention of some MPs, but..

Taxpayers will pay ‘Golden Passport’ VAT deficit

18.02.2022 Taxpayers may be asked to pay back VAT to Golden Passport investors and other home buyers who paid the lower 5% VAT rate but were required to pay the..

GoResidential for buying a house, apartment or plot

17.02.2022 GoGordian offers a new portfolio of attractive apartments, houses, villas and plots in the most privileged areas of Cyprus. Here are some of the options: 4 bedroom house in..

For sale real estate in sought after areas

17.02.2022 Through Altamira Real Estate's weekly newsletter, we have identified 52 new properties, of which we have decided to present you with the most interesting offers regarding apartments, agricultural land,..

Andreas Demetriades called for concerted and immediate action to support the local economy

17.02.2022 Despite the recent improvement in a number of economic indicators, Andreas Demetriades, president of the Large Investment Projects Association, on Tuesday called for concerted and immediate action to support..

Banks to close more branches this year

16.02.2022 The pandemic has accelerated plans for banks to cut staff by closing more branches and merging others, making the most of technological advances. “The HB network model is changing..

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