Property News
Property sales figures in Limassol have grown by 71%
September 2016 was marked by an increase in property deals all across the country. The biggest leap has been observed in Limassol, where the sales surged by 71%, followed by Larnaca (at 42%), Paphos (at 40%) and Nicosia (25%). Famagusta region has the lowest surplus estimated at 7%.
Construction sector in Cyprus is growing rapidly
The number of building permits authorised in August 2016 stood at 381 compared with the 312 authorised in August 2015; an increase of 22.1% according to official figures released by the Cyprus Statistical Service. Compared with August 2015, the total value of these permits rose 38.8% to €61.1million, while their...
Property transfer fees halved
Cypriot members of Parliament voted unanimously to cut Property Transfer Fees by 50 percent as part of a wider tax reform package designed to modernise the island’s property tax system and encourage economic activity in the real estate sector.
Tourism could end the year 5 per cent up, CTO boss says
Tourism arrivals could see a 5 per cent rise by the end of the year, Cyprus Tourism Organisation (CTO) chief Angelos Loizou said after a meeting with troika representatives on Tuesday, the Cyprus News Agency reported.
Britain is ready to give up land on Cyprus bases if the island’s territory will get united
Britain said it was ready to give up nearly half of the territory covered by its two military bases in Cyprus to help smooth a peace settlement between the island's ethnic Greeks and Turks.
The Mall of Cyprus has been sold to a company from South Africa
THE BUILDING which revolutionized the way we shop in Cyprus has been sold to a company from South Africa.An official announcement on the sale of the Mall of Cyprus on the outskirts of Nicosia to the South African company Atterburry is expected this week.Atterbury develops prime commercial, retail and residential...
Cyprus property sales market has grown over the past year by 15%
According to the Department of Lands & Surveys, it can be noticed that the property market in Cyprus is recovering from the financial banking crisis that has been caused by the liquidation of one of the largest banks on the island Laiki Popular Bank.
RICS Cyprus Property Price Index Q2 2015 Report
RICS Cyprus Property Price Index has released a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts and main property types.
Bank new working hours
The association of banks has reached an agreement with unions that the new working hours would apply as of August 10, it was announced on Wednesday. The agreement reached on Wednesday provides that from Monday, August 10, banks will remand open to the public from 8am to 2.30pm from Monday to Thursday, and from...
Lavrov to visit Cyprus by year end
Russian Foreign Minister Sergey Lavrov is to visit Cyprus by the end of the year, it emerged on Tuesday when he and his Cypriot counterpart Ioannis Kasoulides exchanged greetings to mark the 55th anniversary of the establishment of diplomatic relations between Cyprus and Russia.
The new storage depot at Vasilikos
ACTIVITY on the once bustling Larnaca coast road, home to dozens of energy companies, is finally grinding to a halt as operations move to Limassol.On Monday, the Ministry of Energy announced that its fuel storage facilities had finally been moved from Larnaca to Vasilikos.With the new storage depot at Vasilikos now...
Property sales grew up by 22 per cent In July
A total of 496 contracts for the purchase of commercial, residential properties and land plots in Cyprus were deposited at Land Registry offices during July; overall, there was a total increase by 22%. In comparison to last year, there were 407 contracts deposited in July 2014.