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ORPHEUS GROUP bldg.   
12 Christaki Kranou, Potamos Germasogias,    
4041, Limassol,Cyprus

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News

Construction of low-cost housing units in Limassol

25.12.2018

The Ministry of the Interior supported the plans of the municipality of Limassol to build 500 units of low-cost housing units in the areas of Agios Nikolaos and Agios Ioannis to solve the problem of high rent in the city.

Agreement close on Airbnb type rentals

10.12.2018

After several weeks of discussion, lawmakers are close to agreeing a bill regulating the operation of short-term Airbnb-style property rentals.

Cyprus cities for real estate investments

17.11.2018

Limassol and Paphos are 2 cities that attract the majority of real estate investments (70% of foreign buyers), but Nicosia is gaining momentum, according to Fileleferos.

Property sales up 6% in October

10.11.2018

The number of property sales in Cyprus continued to rise in October, the number of contracts deposited to the Land Regisrty offices increased by 6% compared with October 2017.

Reduced VAT on land purchased for primary residence

26.10.2018

The Government is preparing a bill exempting from payment of the full 19 per cent VAT, purchases of undeveloped land for the purpose of building on it an owner-occupied primary dwelling.

50 million lost due to delays in issuing planning permits

20.10.2018

The state is losing €50 million per year because of delays in the issuing of planning permits, according to the Cyprus Technical Chamber.

Cyprus house prices rise 0.6 per cent

12.10.2018

The Cyprus house price index (HPI) rose by 0.6 per cent in the second quarter of 2018 and by 1.2 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).

Continuing rise in property sales

04.10.2018

The number of property sales in Cyprus continued to rise in September with the number of sales contracts deposited at Land Registry Offices across the Republic up 14 per cent compared with September 2017.

Changes in rent laws

26.09.2018

The House legal committee on Wednesday discussed proposals to strengthen property owners’ rights to evict tenants who refuse to pay their rent.

New home permits up 32.8 per cent

19.09.2018

The number of building permits for the construction of new homes in Cyprus rose 32.8 per cent in June 2018 compared to the corresponding month last year providing for the construction of 506 new residential homes

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