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Latest News & Updates

Construction firms struggle to find workers as costs rise

A shortage of construction workers is making it harder and more expensive for developers and contractors to complete projects in Cyprus. Industry figures say the problem could also slow efforts to increase the supply of homes. Several factors are affecting...

Pissouri landslide continues as officials consider sewage plan

After 14 years the landslide problem in Pissouri continues to remain unresolved. Despite a reduction in its intensity, officials say urgent action is needed...

No reliable record of homes for sale, developers say

Cyprus has no reliable record of how many homes for sale in Cyprus are actually available to buy, according to the Cyprus Property Developers...

Cabinet approves simpler building permit fees rules

Cyprus is preparing to simplify the way building permit fees are calculated, after the Cabinet approved proposed changes to the relevant regulations. The Ministry of...

Affordable housing scheme has raised just €2.2m

Cyprus has collected €2.21 million from developers using planning incentives to support affordable housing, the Interior Ministry says. The €20 million previously reported as collected...

Larnaca marina deal gets route around tender stalemate

Larnaca Marina could be developed by the Cyprus Ports Authority (CPA) without a public tender, after the Government and the Legal Service agreed on...

ETEK warns against retrospective approval of unauthorised developments

The president of Cyprus' Scientific and Technical Chamber (ETEK), Constanti Constantinos, says authorities should not grant retrospective planning permission to unauthorised developments. His comments follow...

Two 20-storey towers approved for Livadia

Larnaca's tallest buildings have moved a step closer to reality. Planning permission has been granted for two 20-storey towers in Livadia, forming the first...

Larnaca property owners report alleged threats and pressure to sell

Allegations of threats and pressure against property owners in Larnaca were raised before the House Interior Committee as MPs discussed proposals to tighten the...

Ayia Napa resort plan unveiled for the Limnara area

A major tourism development costing €50 million is being proposed along the coast of Ayia Napa by Aesara Investments Ltd. The project is planned for...

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Due Diligence

Due diligence is absolutely essential before committing to buy a property.

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Property Transfer Fees

Property transfer fees are paid to secure the Title Deed & legal ownership of a property.

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Capital Gains Tax

CGT applies to property sales and share disposals in companies holding property.