Property

Climate change is a reality and as the UN secretary-general anxiously stated, “the planet has exceeded safety limits”. The European Union is encouraging the installation of solar, photovoltaic and other ...

Cyprus’ construction sector has seen significant developments in the third quarter of 2023, with both price indices and production on the rise, according to a report released this week by the ...

The interior ministry on Wednesday announced it will be simplifying the application process for low-risk developments through changes in the legislation. The legislation will abolish the obligation to secure a ...

The Cyprus property market is witnessing a downturn in the issuance of construction permits, with a simultaneous increase in the total value of authorised units. This trend is evident in ...

There is a strong indifference exhibited by both authorities of the state and professional associations in the real estate sector. It is rare for the latter to submit a proposal ...

Citizens should be involved in the protection of the environment The right to a healthy environment is a fundamental human right that has not yet been enshrined in international conventions ...

Here are the top business stories in Cyprus from the week starting October 2: The Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou on Friday used his keynote address ...

Cyprus witnessed a notable increase in house prices during the second quarter of 2023, with the House Price Index (HPI) rising by 3.2 per cent during this time, compared to the same ...

When a restriction on property causes a substantial reduction in value, compensation must be paid The owner of a property affected by the laying of any electric line either above ...

Despite local planning zones being revised and the push to revitalise the mountain areas, there are some issues to be faced by designers and urban planners. Building in the mountains ...

Cyprus meets all the necessary requirements to become a global business and investment hub, according to the Cyprus Association of Major Developments , which represents 15 members overseeing some of the largest ...

The Paphos property market has seen a surge in real estate sales, with major deals pushing the total value of transactions in excess of €190 million during the second quarter of 2023, ...

The commercial real estate market is an integral part of Cyprus’ economy and, over the past few years, it has experienced major growth and development. This is largely thanks to ...

The 2023 tourist season is set to surpass the record-breaking year of 2019 in terms of the number of foreign tourists. The numbers have been confirmed by the arrivals at our airports, ...

Cyprus has been established as an important attractive tourist destination and this year is heading towards a very high performance. Over the last few months bookings have exceeded 95 per cent ...

Consulco Group was established 30 years ago and has offices in London, Dubai, Nicosia and Limassol Consulco, through its London-based lending subsidiary, namely London Credit, has been successfully providing London property ...

The upward trajectory of property prices in Cyprus over recent years, driven notably by the rising cost of construction materials and increased demand, has prompted concerns among experts, including Marinos ...

A property owner who notifies a tenant when their rental agreement expires that they do not intend to renew it and calls on the tenant to surrender the property, is ...

Real estate sales in Limassol rose to nearly half a billion euros in total value during the second quarter of 2023, according to a report released on Tuesday by Cypriot firm ...

The law of equity and trust intervenes and protects the tenant When the underground space of a building, intended to be communal parking space, is rented out to be used ...

Cyprus’s construction sector saw a 16.5 per cent increase in the total value of building permits during the first half of 2023, as well as a 3 per cent increase in their ...

The Nicosia property market saw a total of 1,267 properties being sold during the second quarter of 2023, encompassing four major categories, houses, apartments, land, and fields, for a total value of €205 ...

Lack of controls by authorities enables illegalities The system of taxation of real estate seems to leave enough room for exploitation and tax avoidance, due to loopholes in the legislation ...

The local real estate market has also seen a surge in property sales in Larnaca The Cyprus Real Estate Registration Council this week has unveiled a comprehensive analysis of the ...