Planning & Building permits approved in 40 days
Cyprus is speeding-up the approval process for planning and building permits, reducing the timeline to just 40 working days for small-scale developments, Interior Minister Constantinos Ioannou announced this week. The initiative is part of a broader effort to modernize construction and address delays in housing projects. Key reforms for approving permits The revamped system targets […]
Limassol dominates Cyprus high end property market
Limassol continued to dominate the Cyprus high-end property market in October, according to real estate analytics firm Ask Wire. The district recorded four of the ten most expensive property sales, including the most expensive sale in the month – a €9.9 million mixed-use building in the Panagia Evangelistria area of Kato Polemidia. District breakdown of […]
What You Should Know About Cyprus Real Estate Prices
Start by comparing property listings in the largest and most renowned marketplaces in the country. That’s how you will see average ranges for a certain type of real estate you are looking for. There are thousands of assets available — from flats and penthouse apartments to villas. The target price is a combination of several […]
Greece’s Golden Visa Program
Greece’s Golden Visa program, introduced in 2013, has been a significant driver of foreign investment in the country’s real estate market. The program grants five-year residency permits to non-EU citizens who invest in Greek real estate, with the initial minimum investment set at €250,000. Recent Changes and Developments: Increased Investment Thresholds: As of September 1, […]
Sotiris Artikoglou
Paphos and Limassol
Giorgos Tsiampos
Larnaca
Real estate boom in Greece and Cyprus
KNEWS Real estate boom in Greece and Cyprus Growth amidst challenges By Pavlos Loizou, CEO Ask Wire The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations showcasing promising growth and recovery. However, beneath the surface of these top-line numbers, there are underlying challenges and disparities that need to be […]
New Bill for Jointly-Owned Buildings
Cyprus Mail New Bill for Jointly-Owned Buildings October 12, 2023 By George Mouskides In order to avoid misunderstandings, we have to admit that there is currently relevant legislation regulating jointly-owned buildings, which, however, is not without significant shortcomings. First problem: Quite often there are difficulties in collecting common expenses from late-paying owners. In order to […]
Ministry to axe building permits for low-risk developments
Article from Cyprus Mail Ministry to axe building permits for low-risk developments October 12, 2023 By Antigoni Pitta The interior ministry on Wednesday announced it will be simplifying the applications process for low-risk developments through changes in the legislation. (According to a report in Phileleftheros, the plan is to abolish planning permit applications for low-risk […]
Tall buildings policy to be reviewed
Cyprus Mail Tall buildings policy to be reviewed October 11, 2023 By Iole Damaskinos A study into the impacts of tall buildings has been commissioned by the urban planning council of the interior ministry. According to a statement, the study, to be carried out by the architecture school of Neapolis University in Paphos, focuses on […]