News

Cyprus had the highest stock of NPLs in EU in 2020

01.02.2022 According to the published Eurostat Statistical Office of the European Union, Cyprus will leave the country with only the highest interest rate on expired credit institutions in 2020. According..

M. Zavos: Increase in rents, mainly in the city of Limassol

31.01.2022 “Whereas the real estate sector, which has proven to be the safest and most profitable during a period of uncertainty, will continue to move up, both for those who..

G. Misirlis: High apartment prices due to low supply

31.01.2022 Despite the fact that prices for the sale and rental of apartments are gradually rising, the focus is not on taking measures to solve the problem, says Imperio director..

The online services of the Municipality of Nicosia

31.01.2022 The Municipality of Nicosia is reminding the public how easy, fast and safe it is to communicate with the Municipality. For information, the public can call 22797000, Citizens Services..

Properties: With the right in 2022 all over Cyprus, Paphos climbed

31.01.2022 Real estate sales jumped in the first month of the year, and in all provinces except free Famagusta. According to the Department of Lands and Surveys, property sales in..

Developers: A blow to buyers any increase in VAT on real estate

31.01.2022 According to the Association of Land Management and Construction Entrepreneurs, a bill being promoted in Parliament to amend the Value Added Tax Law to introduce a reduced VAT rate..

Real Estate: 7Q Investment-Landbank Analytics Strategic Partnership

31.01.2022 Landbank Analytics and 7Q Investment Group announce a strategic partnership to implement a smart real estate market analysis tool powered by Landbank Analytics for the benefit of 7Q clients...

BidX1 launches the first catalog for 2022

31.01.2022 BidX1, the leading online real estate investment platform, announces the first official auction of 2022 to be held on February 23, 2022 on its platform. It offers users accessibility,..

Land Registry: May the new general estimate of two million properties

31.01.2022 The decision that a new Total Valuation of approximately 2,000,000 properties throughout Cyprus at prices as of January 1, 2021 “may be published before the end of May 2022”..

Tips from the Land Registry to avoid co-ownership

31.01.2022 Tips on how to avoid indivisible joint ownership, i.e. joint ownership, gives the Department of Lands and Surveys in its prospectus. In particular, the Land Registry notes that joint..

Moody’s: High indebtedness limits Cypriot banks’ growth potential

31.01.2022 According to credit agency Moody's, Cyprus' high total debt continues to limit the growth potential of local banks and increase economic vulnerabilities, which negatively affects the creditworthiness of banks...

Suppression of minority rights

31.01.2022 The purpose of registering a company with more than one member is to combine financial resources, experience and business skills in pursuit of profit maximization for the benefit of..

Lagarde to visit Cyprus on March 29

31.01.2022 The President of the European Central Bank, Christine Lagarde, will visit Cyprus on March 29 at the invitation of the Governor of the Central Bank of Cyprus, Konstantinos Herodotus...

The regeneration of Paphos centre

31.01.2022 Anthony Loizou, FRICS After an initial visit to the central Paphos area which was being rebuilt in 2016, we visited the project again during the Christmas holidays. Admittedly, very..

Possible change in VAT on new dwellings

30.01.2022 Cyprus allows a reduced VAT rate of 5% on the first 200 square meters of housing used by the beneficiary as the main and permanent residence, without any other..

Kedipes state aid repayments hit €570mln

29.01.2022 State-owned asset management company Kedipes announced on Friday that it paid out €60 million in state aid in the fourth quarter of last year, with state aid payments reaching..

Deposits jump by €3.3 billion, loans down by €1.9 billion in 2021

28.01.2022 Deposits in the banking system of Cyprus at the end of 2021 amounted to 51.52 billion euros, an increase of 3.31 billion euros compared to December 2020, according to..

KEDIPES’ cash inflow at the highest level since the COVID-19 pandemic

28.01.2022 State-owned asset management company KEDIPES reported a cash inflow of €115.5 million in the fourth quarter of 2021, the highest level since the start of the COVID-19 pandemic. The..

Altamira: Week of plots with opportunities in Plati, Strovolos and Agios Athanasios

27.01.2022 The public is interested in new opportunities that can be found in Altamira Real Estate's weekly newsletter. In addition to the options for new houses and apartments on the..

NPLs down by €32 million at the end of October

26.01.2022 The total stock of non-performing loans (NPL) in the Cyprus banking sector decreased by 32 million euros at the end of October 2021 compared to the previous month, when..

Relocation of public real estate on the investment map

25.01.2022 Despite the dangers and constant challenges associated with the persistence of the pandemic crisis at home and in the world, the Cypriot economy, with its high resilience and impressive..

M. Hatzipanagiotou: The first phase of the Trilogy is completed in 2022

25.01.2022 Michalis Hatzipanagiotou, CEO of Cybarco and President of the Pan-Cyprus Association of Real Estate and Construction Entrepreneurs, is optimistic about the development of the property sector in Cyprus as..

2021, the starting point of a new era for the D. Zavos Group – 2022, the continuation

25.01.2022 In 2021, new foundations were laid for the D. Zavos Group. The completion of important projects and the reaction in the investment market have become decisive indicators for the..

Decree to prohibit illegal real estate practice

24.01.2022 It is illegal to act as a real estate agent without being registered and licensed, and a board of real estate agents may apply to the court for an..

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