Real Estate News
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.
Sales increase in Cyprus.
Sales increase in the sphere of real estate in Cyprus proceeds the fifth month in a row, both on internal, and on foreign the markets. Paphos appeared the leading city in this sphere on the island.
A multinational Search and Rescue exercise is set to begin
A multinational Search and Rescue exercise in the Exclusive Economic Zone of Cyprus is set to begin.NEMESIS 2015 is taking place with the participation of SAR Units and personnel from Cyprus, Israel, Greece, and the United States.Naval and air SAR Units from the participating nations will take part the exercise under...
Cabinet approves hidden mortgages bill
According to Cyprus Property News, following today’s meeting of the Cabinet (Council of Ministers), Interior Minister Socrates Hasikos explained some of the key points of the ‘hidden mortgages’ bill designed to enable several thousand people to get the Title Deeds to the property they purchased.