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News

Cyprus property index. Positive developments

16.03.2016

Cyprus property index published by British experts from RICS for the last quarter of 2015 has displayed that despite the trend of general property price reduction across the island, the actual coefficient of decrease has been gradually declining.

Property transactions rose 23% in October!

06.11.2015

According to Cyprus Business Mail property transactions in Cyprus rose an annual 23 per cent in October, three months after the parliament passed a tax breaks package aiming at boosting activity in the real estate sector.

Construction of the Radisson Blu Hotel & Residence in Cyprus

10.09.2015

“According to CNA a franchise agreement has been signed between The Rezidor Hotel Group and Quality Group, the owning company of the hotel, which foresees the construction of an upper upscale, 105-unit hotel and serviced apartments in the port area of Larnaca” the press release said.

Property sales grew up by 22 per cent In July

19.08.2015

A total of 496 contracts for the purchase of commercial, residential properties and land plots in Cyprus were deposited at Land Registry offices during July; overall, there was a total increase by 22%. In comparison to last year, there were 407 contracts deposited in July 2014.

Lavrov to visit Cyprus by year end

18.08.2015

Russian Foreign Minister Sergey Lavrov is to visit Cyprus by the end of the year, it emerged on Tuesday when he and his Cypriot counterpart Ioannis Kasoulides exchanged greetings to mark the 55th anniversary of the establishment of diplomatic relations between Cyprus and Russia.

RICS Cyprus Property Price Index Q2 2015 Report

04.08.2015

RICS Cyprus Property Price Index has released a quarterly price and rental index which is based on methodology produced by the University of Reading, UK. The Index tracks property and rental prices across all districts and main property types.

Cyprus property sales market has grown over the past year by 15%

30.07.2015

According to the Department of Lands & Surveys, it can be noticed that the property market in Cyprus is recovering from the financial banking crisis that has been caused by the liquidation of one of the largest banks on the island Laiki Popular Bank.

Britain is ready to give up land on Cyprus bases if the island’s territory will get united

18.07.2015

Britain said it was ready to give up nearly half of the territory covered by its two military bases in Cyprus to help smooth a peace settlement between the island's ethnic Greeks and Turks.

Tourism could end the year 5 per cent up, CTO boss says

14.07.2015

Tourism arrivals could see a 5 per cent rise by the end of the year, Cyprus Tourism Organisation (CTO) chief Angelos Loizou said after a meeting with troika representatives on Tuesday, the Cyprus News Agency reported.

Property transfer fees halved

13.07.2015

Cypriot members of Parliament voted unanimously to cut Property Transfer Fees by 50 percent as part of a wider tax reform package designed to modernise the island’s property tax system and encourage economic activity in the real estate sector.

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