RES communities: photovoltaics in apartment buildings In the second half of 2024, regulations for developing and operating “RES communities” is expected to come into force, according to the Minister of Energy George Papanastasiou. The regulations are expected to pave the way for the installation of photovoltaic systems in apartment buildings, which have shared roofs, as energy...
Construction
The construction sector in Cyprus is experiencing a notable surge, with a 16.5% increase in the total value of building permits during the first half of 2023, according to a recent report by the Cyprus Statistical Service (Cystat). This encouraging growth also coincides with a 3% increase in the total area covered by these permits. What's particularly intriguing is that this growth is transpiring...
The long-awaited marina of Paralimni is taking shape, with construction work progressing at a rapid pace. It should be noted that the development project has already become a pole of attraction for investors and, according to the schedule, will be fully completed in the summer of 2024, with the first phase ready at the end of 2023. The development agreement for this €100 million investment was...
The Cypriot real estate market has seen a significant surge in rental prices across all property types during the second quarter of 2023, as per a report released by Ask Wire, a tech-informed real estate company based in Cyprus. The report analysed both property sales and rental cost fluctuations, shedding light on the current market trends. According to Ask Wire CEO, Pavlos Loizou, the rising...
The Cypriot property market has been buzzing with activity recently. According to a report released by Cypriot fintech Ask Wire, the fifty most valuable real estate transactions amounted to an impressive combined value of €79 million. Here are the top highlights of the market's most coveted properties. Ask Wire, a pioneering company that combines real estate expertise with cutting-edge...
The Agriculture Minister, Mr Costas Kadis, announced on Friday that Cyprus aims to reduce 70% of its construction and demolition waste. Currently, approximately 2.2 million tonnes of construction and demolition waste is generated in Cyprus, and 57% of this ends up in landfills. The initiative is part of the DEFEAT project implemented by Frederick University in collaboration with the environment...
Whether you are seeking a permanent residence or a holiday home, there are many reasons why Cyprus is a highly desirable option for property investment purposes. Boasting a desirable Mediterranean climate, beautiful landscapes and beaches, legendary hospitality and a rich heritage, Cyprus offers an unrivalled living experience. Cyprus is of course known for its glorious weather, enjoying over 300 days of...