Property News
Paralimni marina contracts signed
Contracts for the construction of the Paralimni marina have been signed; with an estimated capacity of 300 vessels and at a cost of €110 million, the marina is expected to be fully operational by mid-2021.
Property sales make a good start
Cyprus property sales continued their upward trend in January with the number of property sale contracts deposited at Land Registry offices rising compared with January 2017 according to official figures.
The largest Georgian monastery in Europe will appear In Cyprus
The idea of building a Georgian monastery in Cyprus was discussed for many years. The territory was given free of charge as a result of lengthy negotiations between the Churches of Cyprus and Georgia.
NEW SEAFRONT PROJECT IN LIMASSOL
The overseas design team in collaboration with the technical and marketing divisions has now completed the design scheme of THE GALLERY, the new seafront project in Limassol.
August property sales up 27%
August property sales up 27 per cent the number of property sales in Cyprus during August 2017 rose by 27 per cent compared with the same month last year according to official figures from the Department of Lands and Surveys.
House passes laws that effectively privatise beaches
After a two hour marathon session in parliament on Friday, MPs voted in favour of laws that effectively allow the government to privatise beaches.
FOUNDATION STONE UNVEILED IN THE PRESENCE OF THE PRESIDENT OF THE REPUBLIC OF CYPRUS
On October 6, 2017, a large-scale event took place - a solemn ceremony of laying the foundation stone for a new project Limassol Del Mar, which will be built in the tourist area of Limassol.
New amazing complex in Limassol - Olive Garden Residence!
We are happy to announce the completion of the first stage of construction of the new amazing project in Limassol - Olive Garden Residence!
Reinstate of Immovable Property Tax
The International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and raising transfer duty to increase revenues.
Cyprus property sales up 21% in October 2017
Property sales in Cyprus rose 18 per cent in October compared with the same month in 2016 with sales increasing in all districts (with the exception of Larnaca) according to official figures from the Department of Lands and Surveys.
Demand for properties rental in Limassol continues to grow
A property market boom in Limassol has driven up rents as demand for housing has outstripped supply as more companies have moved to the area seeking accommodation for their staff.
Chinese ban no impact on property sales
The restrictions introduced by the Chinese government to reduce outbound investment in real estate have yet to impact property sales according to the Cyprus Chambers of Commerce and Industry (Keve).