The Cyprus Financial Literacy and Education Committee (CyFLEC) on Thursday announced that it is intensifying its efforts to promote financial literacy among young people and the broader society as …
Larnaca and Limassol fuel 7 per cent rise in Cyprus property sales in February
Cyprus’ real estate market continued its robust growth into February, with property sales increasing by 7 per cent year-on-year. Developments in Limassol and Larnaca were the primary driver behind …
Housing Finance Corporation to sell €57m in non-performing loans
The Cyprus Housing Finance Corporation (HFC) is set to proceed with the sale of non-performing loans (NPLs) worth €57 million from its total portfolio of €270 million, according to statements made …
Is Cyprus a Good Place to Retire? Real Estate & Cost of Living
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.