News

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..

BidX1’s July auction offers exclusive opportunities all over Cyprus

09.07.2024 Digital investment platform BidX1 is announcing an auction of a large portfolio of properties on Wednesday 31 July, offering buyers a wide range of investment opportunities throughout Cyprus. The..

Slight decline in property sales – The cities with the biggest losses and the exceptions

09.07.2024 The decline in the number of sales in the Cyprus property market in June 2024 was more moderate compared to the previous month. According to the Department of Land..

Lefkaritis Group, bbf : and Foster + Partners in strategic partnership for Land of Tomorrow

09.07.2024 Lefkaritis Group, bbf : and Foster + Partners announced strategic cooperation in the first phase of the «Land of tomorrow», a major project aimed at developing the coastal zone..

Cyprus tops EU housing market growth in 2023 with 31% increase

09.07.2024 According to data published by the Statistical Office of the European Union ( Eurostat ), Cyprus recorded the largest increase in residential property sales transactions among EU countries in..

Building permits up 8.3% from January to April 2024

08.07.2024 According to a report published on Monday by the Cyprus Statistical Service ( Cystat ), the number of building permits increased by 8.3% between January and April 2024 compared..

Real estate market: House price growth is slowing – CBC’s analysis

08.07.2024 The residential property price index (CPI of houses and apartments) compiled by the Central Bank of Cyprus (CBC) on a quarterly basis recorded an increase of 1.6% in the..

Cypriot tech firm maps out fire hazard areas in Larnaca

08.07.2024 Cyprus technology analytics company Ask Wire on Monday published a comprehensive fire risk assessment in the Larnaca area , highlighting the distribution of properties in different fire danger zones...

The design of the 5th floor at Neocleous Tower redefines wellness in the workplace

05.07.2024 Neocleous Tower is a modern, eco-friendly office building in the center of Limassol , creating a new working environment for companies. The building offers an environmentally friendly, technologically advanced,..

Cyprus real estate agents call for ban on short-term rentals to curb prices — ‘property market deprived of thousands of homes’

05.07.2024 The Cyprus Estate Agents Registration Board has called on the government to ban short-term property rentals - a market dominated by online platform Airbnb - to help bring down..

House Price Index up 1.1% yoy in Q1, 2024

04.07.2024 According to preliminary estimates by the Statistical Service, in the first quarter of 2024, an increase in the residential real estate price index was recorded by 1.1% compared to..

Traffic and housing the hottest issues in Limassol

03.07.2024 Traffic congestion and housing were two of the biggest issues that came to the fore in the context of the recent Reflect festival. Those who took part were the..

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