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Construction of the Radisson Blu Hotel & Residence in Cyprus


“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


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


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


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%


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


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


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


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.

Are Greek ship-owners considering a move to Cyprus?


Due to the instability in Greece, Greek shipping companies are looking into moving to Cyprus.

Parliament approves casino bill


В четверг парламент одобрил казино на Кипре, хотя и с несколькими поправками к правительственному законопроекту.

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