Real Estate News

A cultural center is set to be constructed in Larnaca for 30 million euros, with the architectural firm Foster + Partners leading the project. Petrolina has provided approximately 4,000 square meters of coastal land for the development, with significant funding expected from the developer behind the Land of Tomorrow...

Facing losses, Ermes Department Stores Plc has divested itself of four ERA shopping malls located across Cyprus (Nicosia, Limassol, Larnaca, and Paphos) by selling them to Gencom for a symbolic price of 1 euro. This strategic move aims to eliminate unprofitable assets. The agreement transfers existing lease...

The Politis newspaper has outlined the specific conditions that Cyprus must fulfill to become part of the Schengen area, indicating that the island is five steps from achieving this goal. Step 1: Meeting Technical and Operational Requirements Cyprus must modernize and integrate its information technology systems...

Easter celebrations are planned for Sunday, April 13, in three cities of Cyprus. Easter events of Limassol Municipality (From 11:00 to 19:00) Anexartisias and Agiu Andreu streets Train for children and their parents — from 11:00 to 13:00 and from 15:00 to 18:00 A juggler on stilts, mascots and a...

Recent data from the Central Bank of Cyprus reveals that property prices have risen back to 2012 levels, just before the banking crisis. The apartment price index for the third quarter of 2024 has reached a historic high of 113 points, up from 112.3 in the previous quarter, surpassing the prior peak of 105.8 points...

The Progressive Party of the Working People of Cyprus (AKEL) has introduced a new bill for parliamentary review. This proposed legislation aims to eliminate the preferential value-added tax (VAT) for foreigners when acquiring their first property. Current Situation Currently, purchasers of property on the...

A significant mixed-use development has been proposed for Limassol, featuring a university campus for 12,000 students and medical facilities. The St Nicholas Hills project, located in the Prastio Avdimou community, will encompass educational institutions, a medical center, rehabilitation services, student housing,...

Property Sales in 2024 Reach Record High Since 2007 In 2024, property sales in Cyprus hit a record high, reaching 15,797 contracts filed with the Department of Lands and Surveys, the most since 2007. However, as discussed further in this report, international sales have declined, and domestic sales are also...

Traditional annual Orpheus group meeting at Four Season! We reviewed our achievements, mapped out strategies for the future, shared ideas, and motivated one another for a productive new year 2025! A big thank you to Nick Aristou and the Four Seasons team for their flawless event organization, our CEO Roman...

Winter is approaching in Cyprus, and while the temperatures are milder compared to many other regions, the cooler weather and rainy days still affect our homes and gardens. November is an excellent time to begin winter preparations, ensuring your home remains comfortable and energy-efficient while getting your garden...

Many people seek to live in Cyprus for various reasons, including relocation, business and investment opportunities, or retirement. While Cyprus offers both permanent residency permits and citizenship, there are notable similarities and differences between the two. Here’s a concise overview to help you decide...

Breaking News: ReLux Estates is officially among the TOP 100 Real Estate Brokers of the World!  We're thrilled to announce that our dedication to excellence in luxury real estate has earned us this prestigious global recognition!  mansion  This award isn't just a trophy for our shelf...