A Hungarian woman on Wednesday admitted to illegally advertising Greek Cypriot-owned properties for sale in northern Cyprus, marking the first guilty plea in the high-profile case. The admission was …
New home sales exceeded €2 billion in 2024
The Cyprus property market recorded a strong growth in 2024, with the sales of new homes exceeding €2 billion.
Why Cyprus is an attractive investment destination
As the Mediterranean’s rising star, Cyprus continues to attract investors looking for high-yield property opportunities. With a booming economy, a favourable tax regime, and a strategic location …
Cyprus Business Now: Foreign property buyers, AI and real estate agents, Cyprus unions
The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service.This increase …
Cyprus property prices return to pre-crisis levels
Property prices in Cyprus have risen to levels last seen in 2012, just before the banking crisis according to the Cyprus Central Bank.
There is a gap in new legislation regarding buffer zone property
The amendment to the legislation that took place on February 24 (Law 9(I)/2024) no longer allows the sale of immovable property located in areas not controlled by the Republic of Cyprus of a judgment …
Cyprus says it will adopt FBI guidance on tackling financial crime and sanctions evasion
A US team that spent nine months on Cyprus has produced a detailed report outlining specific recommendations and proposals including additional staff training, upgrading high-tech systems and amending …
Cyprus borrowers association warns of rising financial insecurity
The majority of Cypriots are experiencing increasing financial insecurity, a situation that demands serious attention, according to the Cyprus Borrowers Association (Syprodat). In a statement released …
Cyprus finance ministry welcomes IMF assessment of economy
The Finance Ministry has welcomed the observations and recommendations made by the International Monetary Fund (IMF) during its mission to Cyprus as part of the Article IV consultations.In a statement …
Vietnam, Cyprus expand economic and investment cooperation
Vietnamese Ambassador to Italy and Cyprus Duong Hai Hung visited Cyprus from March 27-28, with key events held to strengthen bilateral ties in a new phase of cooperation.