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Property Prices

Supply & demand mismatch in real estate market

According to WiRE FS findings, prices and transaction volume of real estate at city centres in Nicosia and Limassol...
Property Sales

Property sales improve in all market segments

All market segments saw an improved number of property sales in September compared to the same period last year...
Investment

New high rise building in Germasogeia

A further high rise building may soon be built in the Germasogia area of Limassol following the submission of...
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Affordable housing in Limassol

The largest housing project in Cyprus with the involvement of the Municipal Authority and a total value of over...
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Apartment residents living on the edge

Residents in a hilltop apartment building in Germasogeia, Limassol are living in fear that their complex could collapse at...
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New high-rise in Limassol

The Department of the Environment has given the green light for the construction of a 15 storey high-rise in...
Investment

Limassol is king of the Cyprus real estate market

Limassol continues to be the most important real estate market in Cyprus, and all available information supports this: sales,...
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Limassol high-rise building given green light

News that a 65 metre high-rise building in Limassol has been given the go ahead by the Environment Department. Dasoudi...
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Limassol the most popular spot for overseas buyers

Limassol, arguably the most cosmopolitan and vibrant coastal city in Cyprus and its environs, has become the most popular...
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Cyprus’ largest ever housing project will help low-income families

Limassol municipality and the Land Development Corporation (KOAG) reached an official agreement on Thursday regarding the establishment of the largest housing project ever undertaken in Cyprus, worth €100 million.
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A 16-storey tower in Germasogeia

A 71.7 metre tall, 16-storey tower called 'Mandarin Park' comprising a mixed development of commercial and residential properties is to be built in the Germasogia area of Limassol.
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Group challenges Limassol high rise towers

The Ipatia Initiative group is taking court action to prevent the construction of the NEO high rise project in Limassol following an independent evaluation of the buildings on their quality of life and the project's environmental impact.
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Highest property prices and rents in Limassol

Limassol is where rental and property prices are the highest in Cyprus according to a recent report by DANOS International Property Consultants (DANOS/BNPPRE) due to tourism and Airbnb-type rentals.
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Limassol Aura high rise development

The construction of the 197 metre Aura high rise development in Limassol to be built on the present site of the Debenhams Olympia shopping centre on Limassol's coastal road should be completed by the end of 2022.
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Limassol land registry operating like a free-for-all

The situation in the Limassol Land Registry is chaotic with complaints of dodgy practices, bogus claims for travel expenses and overtime pay, co-workers covering for each other, etc.
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Warnings of further rent rises in Limassol

Further rent rises in Limassol are expected as thousands of construction workers needed to complete numerous projects will require accommodation in or near the city pushing rents up even higher.
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What next for Limassol development?

With Limassol's seafront peppered with luxury towers and new developments, there is almost no room for new projects, so investors are heading outwards while eyeing the area between the new marina and the old port.
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Limassol plans low-cost housing units

Plans by the Limassol Municipality to build 500 low-cost housing units in Ayios Nicolaos and Ayios Ioannis to address the high rent problem in the city have been supported by the Interior Ministry.
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Contract for the Limassol Icon signed

Contract for the construction of the Limassol 'Icon' has been signed between the Imperio Group of Companies and Iacovou Brothers and is expected to be delivered by December 2020.
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Mushrooming Limassol towers ‘unsustainable’

Locals and experts believe that another tall building in an area of Limassol that has seen its fair share of 'towers', will only add to the many unsustainable urban constructions blighting the town.
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