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Real Estate News

Standard&Poor’s revises Cyprus outlook to positive

Standard&Poor’s revises Cyprus outlook to positive

Standard and Poor’s (S&P’s) has revised the Cyprus economy’s outlook to positive from stable

1st of april is a Cyprus National Day

Cyprus National Day is a public holiday in Cyprus and is recognised on 1 April each year. It is also known to some as Greek Cypriot National Day and is a different holiday to Cyprus Independence Day, which is on 1 October.
Archaeological find in the area of Pallas square in Larnaca.

Archaeological find in the area of Pallas square in Larnaca.

Renovations at Pallas Square in Larnaca have been held up after an old water duct from the Ottoman Empire era was accidentally unearthed.

‘Living Cyprus’ event a reminder to departing passengers

For the second consecutive year, Larnaca airport is offering travellers the opportunity to experience unique moments from the island’s cultural heritage before they return home from their holiday.

Nicosia 2015 solar car race.

The year’s sixth solar car race will take place on Sunday June 28 in Nicosia.

ITB Berlin 2015

The International Tourism Bourse will be held in Berlin from 4 to 8 March 2015.

The amount of water in dams in February, is the highest rate of precipitation over the past 20 years.

The Water Development Department said on Wednesday that February’s rainfall, with that expected in March and April would be enough to satisfy needs for two years.

In January 2015 a total number of property sales in Cyprus has increased by 10% in comparison to January 2014

According to official statistics announce by the Department of Lands and Surveys, the number of properties sold in Cyprus during January 2015 has increased in comparison to the number of properties sold in January 2014.

Over €1 billion in fresh capital from abroad

The property development sector has brought in over €1 billion in fresh capital from abroad over the past two years

Natural gas exploration in Cyprus

Natural gas exploration program in Cyprus will be extended.

Cyprus is using green electricity.

Recent data show that on the island, the use of clean energy has already reached 8.1%. Indicators 10 years ago were not very high, only 3.1%.

Builders seek VAT reduction

Constuction companies want VAT reduced to 5.0 per cent to stimulate the flagging sector.
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