Real Estate News

Who will buy Cypriot real estate in the coming years? What will their requests and preferences be? How to match them? These questions are asked by Cypriot developers and developers. According to the forecast of Danos and Associates, a company specializing in valuation and consulting in the real estate sector of...

Exciting news for all real estate enthusiasts! We invite you to join us at the upcoming RealtyOn 2024 Expo in Cyprus. Mark your calendars for July 3-4, from 10 am to 6 pm, and head over to Booth No.30 to explore a world of exclusive real estate services in Cyprus and Dubai. At our booth, you can discover our...

In Cyprus, there is a proposed bill in the Parliament to grant permanent residence permits to foreign citizens who buy real estate valued at a minimum of 250,000 euros plus VAT, which is a reduction from the current requirement of 300,000 euros. The aim of this bill is to attract more foreign investors to Cyprus,...

The Council of Ministers has presented a legislative proposal to the legislative body suggesting an extension of the interval between comprehensive property assessments by the Department of Lands & Surveys, changing it from every three years to every five years. Initially, comprehensive property assessments...

Thrilled to share the news that ReLux Estates Agency has been officially recognized the the 'Best Luxury Real Estate Consultancy in Cyprus' at the 2024 Luxury Lifestyle Awards! This recognition is a testament to our team's dedication to providing unparalleled service and expertise in the industry....

The ambitious Aura project, poised to be Cyprus's tallest structure at 181.5 metres boasting 44 floors, has secured permission for its construction along the Limassol coast. Nonetheless, its approval has not been without contention and intense discussions among the city's municipal factions. Disputes first...

The Cyprus Real Estate Agents Registration Council has announced that it has increased its efforts to combat illegal real estate agents and has taken legal action against individuals and entities suspected of breaking the Real Estate Agents Law of 2010. The Council has registered 167 criminal cases within 2023, which...

On Thursday, Interior Minister Constantinos Ioannou emphasized "significant improvements" in the property Title Deed examination and issuance process. He claims these improvements will help reduce the average processing time from the previous one to three years down to three months.  Speaking at a...

As per Yiannis Kotzias, general manager of operations at Phaedrus Living, a prop-tech residential rental platform, short-term rental properties are rapidly becoming a mainstay in the accommodation choices of both travelers and locals in Cyprus. In an analysis published this week, Kotzias stated, "This is a...

The Sale of Real Estate (Special Execution) Laws of 2011 to 2020 have been amended to provide those purchasing real estate in the Republic of Cyprus with greater legal protection. The amendments mandate, among other things, that a Search Certificate, dated no more than five working days before the contract's...

The "Photovoltaics for All" program, which will subsidize up to 6,000 homeowners to install solar systems on their roofs, has received approval from the Cabinet and will go into effect at the end of next month. According to a government announcement, the five different categories that make up the subsidy...

The finance minister announced on Monday that the European Commission has approved the application of the reduced 5 percent value-added tax on first-time homes in Cyprus. Speaking to reporters after a polite meeting with the newly appointed Chamber of Commerce and Industry leadership, Makis Keravnos said as much. He...