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 Limassol real estate market in Cyprus continues to shine, with a recent report from Cypriot firm Ask Wire revealing that sales in the region surged to nearly half a billion euros during the second quarter of 2023. This remarkable feat underscores Limassol's status as a real estate powerhouse, attracting both local and international investors. Apartments Reign Supreme One of the...
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...
A new Jointly-Owned Buildings law, which aims to resolve chronic problems of management committees and various other practical problems with the current law, has been approved by the Council of Ministers according to reports in the Greek language media. Once the precise legal wording of the new law has been prepared it will be placed before a parliamentary plenum for debate and amendment. If all...
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 Cyprus real estate market continues to showcase its resilience and growth, as reflected in the latest statistics released by the Land Registry. The numbers reveal a significant increase in sales compared to the previous year, indicating a positive outlook for the industry. In June 2023, a total of 1,397 sales contracts were deposited at Land Registry offices across the island. This represents...
As the summer sun graces the enchanting island of Cyprus, it's time to embrace the warmth and embark on unforgettable adventures. With its stunning beaches, rich history, and vibrant culture, Cyprus offers an array of exciting activities for visitors and locals alike. Whether you're seeking relaxation, exploration, or thrilling experiences, here are the top five things to do in Cyprus this...
Step into the sun-kissed island of Cyprus, where ancient vineyards and centuries-old winemaking traditions weave together to create a vibrant wine scene. With a history that dates back thousands of years, Cyprus is a land of vineyards, where passionate winemakers craft exquisite wines that captivate the senses. Join us on a journey as we explore the rich wine-producing heritage of Cyprus, uncovering the...
An island nestled in the eastern Mediterranean, Cyprus is renowned for its captivating beauty and diverse landscapes. While its pristine beaches and historical sites often steal the limelight, Cyprus also offers an unforgettable experience for avid hikers. Embark on a journey of discovery as we delve into the awe-inspiring hiking trails that traverse the island's majestic mountains, lush forests, and...