News

Rent control in Cyprus has long been viewed as a tenant-friendly policy, but according to the Cyprus Property Owners Association, the decades-old Rent Control Law of 1983 is now creating more problems ...
The Deputy Ministry of Tourism reminded property owners that anyone operating short-term rentals without a registration permit is committing an offence and, if convicted, faces a fine of up to €5,000 ...
Even the brightly coloured stones used in the mosaics of Kourion and Paphos were sourced from the erosion of these multicoloured Mamonia rocks. However, the complex geology of the area – together with ...
Property development and construction remain one of the most vital pillars of the Cypriot economy, contributing close to 15% of GDP and employing over 40,000 people. This sector plays a substantial ...
MP Kostis Efstathiou has submitted a proposal to amend existing property law, aiming to bring greater transparency to property transactions and protect unsuspecting buyers from hidden legal and ...
In a significant move to tackle the ongoing housing shortage, the Cabinet on Wednesday approved key amendments to a special incentives scheme aimed at increasing the supply of affordable homes. The ...
In a bid to modernise land development and construction across the island, Interior Minister Constantinos Ioannou has announced a wave of legislative reforms designed to streamline processes and ...
The Troika also underlined that private debt in Cyprus remains high by European standards. This prevents some individuals and businesses from fully participating in the country’s economic growth. By ...
Property prices in Cyprus have risen to levels last seen in 2012, just before the banking crisis. The apartment price index has reached a historic high, according to data from the Central Bank of ...
Local councils and district authorities are hesitant to take responsibility for dangerous buildings as lawmakers prepare new rules giving them greater powers to act. A bill proposed by MP Marinos ...
A new high-rise project along the Limassol coastline valued at €22 million has been given the green light by the Environment Department. The proposed building, developed by P.G. Economides Properties ...
The association emphasised that harnessing technology is vital to creating a more business-friendly environment. Delays in approvals negatively impact Cyprus’ competitiveness, obstructing investment ...