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 […]
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 […]
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 […]
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 […]
Cyprus real estate market shows steady upward trend
Cyprus Business News Cyprus real estate market shows steady upward trend Marios Ioannou 08:36 – 10 OCTOBER 2023 The Cypriot real estate market continues to have a growth trend, displaying a slight increase, according to Land Registry Department figures. Property sales increased by 15% in September 2023, reaching 1,336 compared to 1,157 in the corresponding […]
House price index up 3.2% year-on-year
Cyprus Mail House price index up 3.2% year-on-year October 4, 2023 By Nigel Howarth The Cyprus House Price Index (HPI) rose by 3.2 per cent on an annual basis in the second quarter of 2023 according to preliminary figures in a press release issued by the island’s Statistical Service (CYSTAT). However, HPI fell by -0.4 […]
Larnaca marina to take shape in 2024
Cyprus Property News Larnaca marina to take shape in 2024 July 18, 2023 Redevelopment of Larnaca marina and port will be in full swing from the beginning of 2024, with the €1.2 billion project taking shape. In comments to news site StockWatch, the CEO of Kition Ocean Holdings – the Cypriot-Israeli consortium awarded redevelopment project […]