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Deal for development of old Larnaca airport signed

The Island's airport operator Hermes signed a multi-million Euro deal with Chinese company Far Eastern Phoenix early this morning for the redevelopment of the old Larnaca airport facility.
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Transfer of development rights to be aided by new bill

Proposals designed to assist those whose properties are located in environmentally protected areas or that have been affected by public works involve transferring their development rights to another property.
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Joint venture in Nicosia to get underway

Earlier today bulldozers moved in to a military camp in Nicosia and started to demolish it in readiness for the re-development of the area in a joint venture between the Republic of Cyprus and Qatar.
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Owners kept in the dark over the future of their homes

Ongoing problems with their Cyprus homes have resulted in one buyer receiving medical treatment for depression and stress and there are fears that a number of homes may be demolished.
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Paphos development plans received with scepticism

Perhaps not surprisingly, the grandiose plans for the development of the western coast of Paphos have been received with some scepticism by the local media.
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Cyprus: a concrete jungle

Cyprus is rapidly losing soil through urban sprawl and dominating touristic infrastructure intensity and is under enormous land use pressure according to a recently published EU soil quality report.
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Tala homes slipping down hillside

Cyprus has a long experience of landslides and houses damaged by landslips can be seen in Pissouri, Kinousa and Polemi. Fourteen homes in Tala seem to be the latest victims.
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Major improvements to Cyprus town planning

Plans to overhaul of the Cyprus Town Planning and Housing department to support the social and economic development of the Island have been announced by Interior Minister Neoklis Sylikiotis.
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Larnaca marina development to start in January

The Larnaca port and marina development is anticipated to start in January 2012, which along with other improvements should improve the attractiveness of the town as a tourist destination.
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Cyprus to host international real estate congress

FIABCI, the International Real Estate Federation, will hold its annual world congress in Cyprus during May 2011 at the Coral Beach Hotel and Resort in Paphos.
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Agreement on town-planning development in SBAs

The Republic of Cyprus is heading towards an agreement with the British Sovereign Bases over town-planning development of areas under their sovereignty.
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Massive development planned for Cyprus

Plans for the largest development ever to be undertaken in Cyprus have come to light. We understand that the massive construction project, which will create 6,000 new jobs and attract more than half a million tourists each year, will get under way shortly.
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Agreement signed for Tersefanou golf course

The construction of the long-awaited golf course at Tersefanou, near Larnaca in Cyprus, should get underway soon following the signing of an agreement yesterday between Med Golf and the state.
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Cypriot developer reveals new marketing strategy

Cypriot developer Aristo has begun a new marketing strategy separating its existing stock from its new luxury projects.
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CPAG update on transfer taxes and IPT

Earlier today CPAG, the Cyprus Property Action Group, issued an update regarding transfer taxes (Property Transfer Fees) and IPT (Immovable Property Tax)
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Golf course at Ayia Napa

The construction of a golf course at Ayia Napa on the east coast of Cyprus will be good for tourism and boost the area especially during the winter months, when the island offers good weather compared to northern European countries.
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Row erupts over Dolphin payout to Aristo

Dolphin Capital said it would pay €50 million in cash and the balance of €42.7 million through the issue of 133.1 million shares in Dolphin Capital to Aristodimou or his companies, based on an issue price of 30 pence a share.
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Government resolved to speed up golf course construction

EAGER to boost a weakened construction sector, the Cyprus government is trying to speed up the process of issuing...
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Cyprus golfing villas progress

THOUSANDS of villas could be built in Cyprus over the next few years if the licensing of 14 golf...
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Protest over plans for Cyprus golf courses

ENVIRONMENTALISTS staged a demo yesterday outside the Cyprus Commerce Ministry to protest against the construction of more golf courses,...
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