Interior Minister Constantinos Ioannou announced legislative reforms to modernize land development and construction in Cyprus, focusing on simplifying processes and enhancing public-private collabora…

Russian property developer BBF plans a €189 million development on the historic KEAN soft drinks factory site in Limassol, featuring five hi-rise buildings for office and residential use, shops, busi…

The Chairman of the Parliamentary Committee on Legal Affairs, Justice and Public Order, Mr. Nicos Tornaritis, has urged the heads of the Association of Cyprus Banks and the Association of Credit Acqu…

In the fourth quarter of 2024, house prices in the euro area rose by 4.2% year-on-year, and by 4.9% across the EU, according to Eurostat. This marked an acceleration from the previous quarter. On a q…

The Cyprus Land Development Corporation (KOAG) announced affordable apartments measuring 75 square metres for €124,000. During a press conference, Interior Minister Constantinos Ioannou and KOAG Chai…

In February 2025, Cyprus’ high-end property market saw a significant recovery, with the top 50 transactions totaling €64.8 million, as reported by Ask Wire. Limassol dominated the market, contributin…

The Ministry of Interior has launched the “Renovate-Rent” Scheme, offering grants up to €35,000 for property owners to renovate vacant homes in exchange for affordable rentals. Applications start on…

In March, Cyprus’ real estate market experienced a 19% increase in property sales compared to the previous year, with all districts seeing double-digit rises. Paphos led with a 32% increase, and Lima…

The Troika of international lenders has expressed concern over Cyprus’ slow progress in reducing Non-Performing Loans (NPLs) and high debt levels, which continue to hinder economic growth. Despite so…

Authorities are addressing 1,292 dangerous buildings at risk of collapse. New legislation and increased state funding aim to improve safety across affected districts, including Nicosia, Limassol, Lar…