News

Opportunities in the Paphos area for land purchase from APS Cyprus

19.01.2022 APS Cyprus announces its new campaign with a selection of different plots of land in the Paphos area. Specific properties that will be sold with discounts of up to..

Gordian: Properties with flexibility in use from € 105,000

18.01.2022 Gordian has a portfolio of multipurpose properties for sale that includes an apartment, two commercial properties, and residential, tourist and industrial land. This portfolio includes a total of 14..

Cyprus Business Now

15.01.2022 TechIsland, a non-governmental organization representing 137 technology companies in Cyprus, announced this week that it has fulfilled its promise to rebuild a school in fire-ravaged Arakapas. “TechIsland members are..

House prices climbing slowest in Europe

15.01.2022 According to Eurostat, house prices in Cyprus are rising, but are increasing at the slowest annual rate in Europe. The Cyprus House Price Index for the third quarter of..

Fitch: Cypriot banks’ credit profiles improving on planned NPE sales

14.01.2022 According to Fitch Ratings, the creditworthiness of the two largest banks in Cyprus is improving due to significant progress in implementing plans to reduce non-performing loans (NPEs). The agency..

Moneyval: Cyprus has made some progress on compliance with anti-money laundering standards

13.01.2022 According to a follow-up report released on Thursday by the Council of Europe Committee of Experts on Money, Cyprus has made some progress in improving compliance with the standards..

Portfolio Investment assets at €22.8 billion in 2021

13.01.2022 Total portfolio investment (PI) assets fell to €22.8bn in 2021, representing a 7% annual decline from €24.5bn a year earlier, reflecting a decrease recorded in equity and investment fund..

CBC: FDI stock in 2021 remained positive despite reduction

13.01.2022 Net foreign direct investment (FDI) in Cyprus remained positive in 2021, although it fell to 10.5 billion euros from 12 billion euros in 2020, according to data released by..

Building permits up 17.3% in the first ten months of 2021

13.01.2022 The number of building permits issued in the first ten months of 2021 increased by 17.3% compared to the same period in 2020, according to data released on Thursday..

Cyprus must become a pole of attraction for foreign companies

13.01.2022 It was hardly possible to foresee the great changes that the pandemic has brought to the organization of life and work around the world. Today, the key issue for..

Periyiali: An ornament for Connos

12.01.2022 The luxurious Periyiali Residence Resort in Famagusta province, specifically in Konos, is expected to be completed within the next few months. This is the project of the Oikos Group,..

Central bank warns rising costs could derail house prices

11.01.2022 The Central Bank of Cyprus has expressed concern about the skyrocketing prices of building materials, which has led to a rapid rise in construction costs to new highs and..

Value of bounced cheques rises slightly in 2021

11.01.2022 The value of return checks issued in 2021 rose to €0.93 million from €0.74 million in 2020, while the number of return checks fell to 363 from 454 a..

The blue King Kong that catches the eye in the Icon

10.01.2022 The much-discussed Imperio Icon, which now dominates Limassol's coastline, may have already attracted attention for its impressive architecture and unique and innovative features, but became the talk of the..

Leandra Papantoniou, Sales Director of Karma Developers: ‘KARMA is my home’

07.01.2022 An organization, at its core, primarily consists of the collective ability of its people to create value. KARMA is proud to have one of the best teams of real..

NPLs in Cyprus decrease €722 million at the end of September

07.01.2022 According to data released on Friday by the Central Bank of Cyprus (CBC), at the end of September 2021, there was a decrease in total NPLs of 722 million..

160 new real estate opportunities throughout Cyprus

06.01.2022 Altamira Real Estate has said goodbye to 2021 with over 160 exciting real estate investment proposals of all types. In December 2021, the company, through its website, offered many..

Real estate in pandemic recovery mode

06.01.2022 In comments accompanying the survey, Delfi Partners & Company stated: "2021 has been a year of correcting the anomalies caused by the pandemic in the market during 2020, with..

Checking resale property: what should I pay attention to?

06.01.2022 When buying a resale property in Cyprus (or anywhere else), there are a number of things you need to consider. In addition to checking the properties to make sure..

Cyprus tops housing for investment but…

05.01.2022 According to the "Housing in Europe" report published by Eurostat, Cyprus has the highest percentage of GDP invested in the housing sector compared to other EU member states. In..

Mackenzie Tower: A new tower is coming to Larnaca

05.01.2022 The development was approved by the Department of the Environment for the construction and operation of a nine-story high-rise residential building with a height of about 32 meters. This..

Limassol Del Mar: Luxury suites for short term rental

05.01.2022 Limassol Del Mar, a flagship development project in the Limassol area, creates new data in the field of short-term luxury home rentals for business or tourism purposes. Located on..

Cypriot economy recovering at an average 3.7% GDP

05.01.2022 The Cypriot economy in 2021 recovered the output lost during the COVID crisis and will continue to grow at an average of 3.7% of GDP in 2022-2024, the Central..

Homebuilding lacks craft control

05.01.2022 The introduction of a European building system for the adoption of certificates of excellence for various building professions should be considered urgent. Nowadays, whatever the "master" claims to be,..

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