• The most common housing fraud schemes in Cyprus: what foreign property buyers need to know

    Cyprus attracts the attention of foreign investors not only by its affordable prices but also because of the possibility of getting a residence permit. To obtain it, it is enough to buy a house worth €300,000 or more. However, local realtors note that unscrupulous cases of deception of future homeowners are becoming more frequent. We are talking...

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  • Cyprus property sales hit their 15-year maximum in Q2 — real estate prices are on the rise

    The property market in Cyprus reached its highest level in the last 15 years at the end of the first half of the year. This is confirmed by the data in the report presented by the Central Bank of Cyprus (CBC). Prices for housing, especially flats, are actively growing, which is due to increased demand. Apartments, on average, rose in price by 3.1%...

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  • Foreign investors stimulate the Cyprus real estate market

    Despite rising interest rates on loans, inflation, and the difficult political situation in the world, the real estate market in Cyprus shows good results. According to analysts, from January to August this year in Cyprus, there were registered 11,655 real estate sales transactions, the total value of which reached €2.8 billion. The growth in sales...

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  • In Q2 2023, property sales in Limassol (Cyprus) generated half a billion euros

    According to the latest Cyprus property market data, 1,383 properties were sold in Limassol in the second quarter of this year for a value of approximately €437.9 million. The sales are divided as follows: 499 apartments, 271 private houses, 183 plots, and 430 fields. Apartments yielded around €197.2 million, private homes €115.8 million, while...

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  • Apartments compensate for the overall decline in construction in the Cyprus housing market

    The construction industry in Cyprus reported a 16.5% increase in the total value of new buildings on the market in the first half of 2023. The total area of land under development also went up by 3%, according to the Cyprus Statistics Agency (Cystat). While the total value of new construction projects and the amount of land under development...

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  • The Best Areas of Famagusta to Invest in Real Estate

    Real estate experts from Lefkoşa (North Nicosia) named the advantages of investing in Famagusta District and singled out several areas where investments would be the most profitable. The local luxury housing market is considered particularly lucrative, attracting investors and buyers from all over the world. According to the experts, properties...

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  • The Cost of Home Repairs Dramatically Rose in Cyprus

    In Cyprus, in addition to skyrocketing property prices, the cost of home repairs rose markedly. This refers to both eliminating household emergencies and maintaining the efficiency of utility systems. Experts note that the main reason for the increase in repair prices was the rise in the cost of building materials. In addition, trades people (for...

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  • A 940-Apartment Residential Development Is Being Built in İskele

    Courtyard Platinum, a premium residential development consisting of 940 apartments, will be built in İskele. Layouts include studios and 1+1, 2+1, and 3+1 units. In addition to apartments, residents will receive small gardens and rooftop terraces. The internal infrastructure features several outdoor and indoor swimming pools, a shopping street,...

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  • Luxury Residential Development to Be Built in the Village of Akanthou

    A new premium residential development, consisting of upmarket villas and high-end apartments, will be built in the village of Akanthou (Gazimağusa District). The Aurora Bay project will offer a total of 58 properties with sea views. The houses are a five-minute walk from the lagoon with a sandy beach. The project consists of 14 two-storey villas...

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  • Premium Residential Development to Be Built in Küçük Erenköy Beach Area

    A new luxury residential development, Natulux, will be built not far from Küçük Erenköy Beach in Kyrenia District. The seafront project of villas and apartments will stand on a site atop a cliff, providing a 270-degree view. For all residents to enjoy the sea view, the developer designed the development as buildings of varied heights. The...

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