Property

Both apartment prices and rental costs in Cyprus increased during the fourth quarter of 2024, rising by 1.3 per cent and 1.5 per cent year-on-year, respectively, according to real estate analytics firm Ask ...

The government on Monday announced the launch of a fast-track process for the issuance of building licences for certain types of residential units, saying the step would also go some ...

Once, Kyrenia and Famagusta were the shining stars of Cyprus’ tourism industry. But, post-1974, the island’s map was dramatically redrawn. And with the loss of these jewels, other towns ...

Affordable cities are gaining momentum in real estate as shifting work trends and rising demand reshape the market landscape, according to Ask Wire CEO and co-founder Pavlos Loizou. In a ...

Meet the visionaries behind Placy After my meeting with Sotiris Komodromos, it’s clear that the realm of real estate is on the brink of a tech-driven transformation. As the ...

The Cyprus Property Developers Association and Interior Minister Constantinos Ioannou met this week to discuss a number of issues impacting Cyprus’ housing sector. These include delays in planning permits and ...

Lawmakers on Monday began discussing two government bills aimed at boosting the stock of residential units and providing affordable housing, but not all were convinced this was enough to drive ...

The principle of finality arises as an obstacle to the partial adjudication of disputes when there is duplication of the parties and the disputed issues. The party is prevented from ...

Cyprus has seen significant rise in foreign property purchases in recent years, with more than 37,000 properties sold to foreign buyers between 2021 and the end of 2024.  Specifically, property sales to foreign ...

Building permits in Cyprus saw a significant drop in August 2024, with only 183 permits granted, compared to 450 in the same month in 2023, according to data from the Cyprus Statistical Service (Cystat). ...

Modern Living in the Emerging Neapolis Locale Tor Properties proudly presents Shinko Residences, an exciting addition to Limassol’s real estate landscape. This premium residential development redefines urban living with ...

The Cypriot real estate market remained stable in 2024, compared to the year before, reflecting the challenges faced by the sector, according to the Cyprus Real Estate Agents Registration Council. In ...

The government is on the right track to be able to solve problems faced by Cyprus’ estimated 9,497 “trapped buyers”, interior ministry permanent secretary Elikkos Elia said on Wednesday. Speaking after ...

Cyprus Property Developers Association director general Mersina Isidorou has called for reforms to jointly-owned buildings laws, as the House reviews new legislation to tackle regulatory gaps. She pointed out that ...

As a way of securing and repaying a debt, a court may issue an encumbrance order for the sale of a debtor’s shares in a private company. These court ...

Limassol has the highest rental prices in Cyprus, averaging €4,492 for houses, while Famagusta has the lowest, with apartments averaging €745, according to a report released on Monday from Landbank Analytics. The ...

The Cyprus Property Developers Association met with the Department for Town Planning and Housing this week to address concerns about the compensatory measures for granting planning permits, particularly regarding the ...

Limassol’s Ariel Cinema, a historic site long out of use, is set to be transformed into a 19-storey mixed-use tower following approval from the environment department. Dating back to 1966, ...

Building permits in Cyprus saw a sharp decline in July 2024, with only 97 permits authorised, it emerged on Wednesday. This marks a stark contrast to the 604 permits issued in July 2023, according ...

Spain’s decision to impose steep taxes on non-EU property investors using platforms like Airbnb has sparked debate over whether countries like Cyprus and Greece will benefit from the shift ...

The housing plan offering financial assistance to young couples under 41 has been relaunched with improved criteria, Interior Minister Constantinos Ioannou announced on Wednesday. Following a cabinet meeting, Ioannou explained that ...

State-owned asset management company Kedipes this week provided updates on the implementation of the mortgage-to-rent scheme, revealing that approximately 25 rental agreements have been signed. In addition, the company said that ...

The Construction Production Index in Cyprus reached 110.92 points in the third quarter of 2024, with 2021 acting as the base year set at 100 points. This marks a 6.5 per cent increase compared to ...

Andreas Demetriades, chairman of the Association of Large Investment Projects, emphasised the critical role of foreign investment in Cyprus’ development sector during the 2025 forecast presentation this week. He stated that ...