Real Estate News

Due to the continuing unsettled problem of the divided Cyprus and the likelihood of entry of Russian citizens to the north of the island - the territory occupied by Turkey since 1974, and concluding there Russians commercial transactions, including real estate purchase, avoiding the authorities...

In the near future, Cyprus will witness the construction of several high-rise buildings. The latest plan for the revival of the capital Nicosia, as well as the coastal city of Limassol, provides for the construction of several super high buildings.

Cyprus has always been a popular destination among Russians; however, today it acquires a special significance. To own property in Cyprus is becoming more and more prestigious. The island is again in vogue in the Russian elite. Many Famous politicians, businessmen and representatives of the Russian show business...

The construction of a new port and marina is about to start in Larnaca. Dinos Lefkaritis, the president of the Association of Tourism and Promotion of Larnaca District, anticipates that the construction works on the project are to begin in January 2012.

Experts project that in 2011, the real estate market in Cyprus will finally reach stability. Some developing companies are already relying on the Russian consumer. It is much anticipated that the Russians will continue to purchase property in Cyprus. The island attracts them with a favourable climate, excellent...

The Town Planning and Housing Department has reached 60 years of operation. In this regard, the authorities plan to reorganise and upgrade the department. According to the Minister of the Interior, Neoklis Sylikiotis, the measure is necessary for the social and economic development of the Island.

Cyprus Minister of Internal Affairs, Neoklis Silikiotis expects the licenses for golf courses in Fasouri and Limni to be authorised soon by the Town Planning Department. In an interview with InBusinessNews earlier this month Interior Minister of Cyprus, Neoklis Silikiotis mentioned that the Department of Town...

The construction of the most expensive residential project in Cyprus, the Santa Barbara Residence, located in the Amathus area of Limassol, is planned to be completed by the end of this year

After the visit of Russian President Dmitry Medvedev to Cyprus in late 2010 it became obvious that the interest of Russian investors in the island’s real estate continues to grow.

ReLux Estates will attend The Moscow Golf & Luxury Property Show taking place on April 22-23, 2011, in the "T-Modul" exhibition hall in the centre of Moscow. We invite you to visit our stand. We will be glad to see you all!

The construction of a new Marina in Zygi Village, near Larnaka, is completed. The new marina is designed for 360 yachts and elaborated with appropriate infrastructure.

According to the Royal Institution of Chartered Surveyors,property in Cyprus brought around 1,5% - 6% of the rental income in 2010.