Cyprus has long been a popular destination for retirees seeking a warm climate, affordable living, and a relaxed Mediterranean lifestyle. The island’s appeal extends beyond its natural beauty—low …
Cyprus non-performing loans stable at €1.61 billion in November
Non-performing loans (NPLs) in the Cyprus banking system remained stable in November 2024, standing at €1.61 billion, according to data released by the Central Bank of Cyprus (CBC) on Thursday.The …
Finance Minister backs revival of cooperative banking in Cyprus
Finance Minister Makis Keravnos on Wednesday expressed his full support for the re-establishment of the cooperative banking sector in Cyprus on a stable and sustainable basis. During a meeting with …
The 10 most expensive property sales in January
The 10 most expensive property sales in Cyprus had a total value of €12.1 million, with the highest-priced sale in Mouttagiaka, Limassol.
Residential sales drive Cyprus’ high-end property market in January
The Cypriot real estate market saw significant activity in January 2025, with the 50 largest property transactions amounting to €30.1 million, according to real estate analytics firm Ask Wire. The …
Cyprus’ Attorney-General office rejects STR cap
Cyprus: The Law Office of the Republic of Cyprus has rejected a proposal to limit the number of short-term rental properties that an individual or company can register. Despite the decision, …
Scrap 5% reduced VAT rate for foreign property buyers
AKEL has proposed a bill scrapping the 5% reduced VAT rate for foreign nationals buying or building homes in Cyprus.
Mall of Cyprus finalises €4.6 million property sale
The Mall of Cyprus on Friday announced the sale of its Annex 3 office building to Karakyr Properties Ltd, a member of the E-Cars Group, for €4.6 million. It should be noted that Karakyr Properties was …
Inspired Living & Working by Tor Properties
Tor Properties is transforming real estate in Cyprus by creating exceptional projects in prime locations. With a focus on modern comfort and convenience, each project is designed to offer a …
Cyprus property prices stabilise in fourth quarter of 2024
The Cyprus property market displayed stabilising trends in the fourth quarter of 2024, according to the RICS Cyprus Property Price Index by KPMG Cyprus, which tracks real estate price trends across …