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Jointly-owned buildings across Cyprus are facing growing challenges: unpaid communal fees, inadequate maintenance, and s...
02/09/2025

Jointly-owned buildings across Cyprus are facing growing challenges: unpaid communal fees, inadequate maintenance, and safety risks threaten thousands of residents. The 2023 draft law on the management of these buildings is urgently needed to enforce accountability, secure proper maintenance, and protect the quality of life for all owners and tenants. The continuing discussion on the draft bill “The Law on the Management of Communal Buildings and Related Matters of 2023…...

Want to know the urgent changes to Cyprus' jointly-owned building law have been proposed by the Association of Communal Building Managers?

Rents across Cyprus are soaring to record highs, squeezing household budgets and fuelling debate over housing affordabil...
30/08/2025

Rents across Cyprus are soaring to record highs, squeezing household budgets and fuelling debate over housing affordability and market pressures. Rents across Cyprus are continuing to climb at an alarming pace, with fresh data from the Department of Lands & Surveys revealing steep increases in just six months. According to the Ministry of Interior, some areas are now charging rates that many households simply cannot afford, sparking fresh concerns about…...

Cyprus tenants face a sharp hike in rents, with Limassol leading the surge. Latest data reveals widespread affordability concerns.

Environmental approval paves the way for two major residential developments in Paphos, with €30m invested in more than 1...
29/08/2025

Environmental approval paves the way for two major residential developments in Paphos, with €30m invested in more than 125 new homes, pools, gyms, and green spaces, highlighting the district's growing demand for modern apartment living. Stockwatch reports that the Environmental Authority has granted approval for two major residential projects in the Paphos district, marking a significant expansion in apartment construction across the region....

Over €30m invested in Paphos housing projects, with new apartment blocks, maisonettes, and shared amenities approved for construction.

Post-wildfire inspections in rural Limassol show only 40% of damaged homes had valid building permits, with many either ...
28/08/2025

Post-wildfire inspections in rural Limassol show only 40% of damaged homes had valid building permits, with many either unlicensed or undocumented, exposing long-standing gaps in Cyprus’ planning system. Philelephtheros has reported that according to figures from the Limassol District Organisation of Local Government (EOA), of the 710 buildings affected by the fire, only 293 have confirmed building permits. Alarmingly, 417 either lack permits, only hold planning approvals, or remain under investigation due to insufficient documentation....

The Limassol wildfire revealed widespread illegal housing, with hundreds of affected homes lacking building permits or documentation.

From January 2023 to August 2024, Cyprus granted more than 48,000 residence permits to non-EU citizens - employees of fo...
27/08/2025

From January 2023 to August 2024, Cyprus granted more than 48,000 residence permits to non-EU citizens - employees of foreign-owned firms and their families - with Russian citizens topping the list, as an MP warns that recent Golden Visa reforms could mirror the island's discredited golden passport scheme. Cyprus' migration and residency policies have once again come under the spotlight, following parliamentary concerns that the country's recently amended Golden Visa scheme could be seen as a backdoor return of the disgraced "golden passport" scheme that was…...

Cyprus issued over 48,000 residence permits to foreign workers and families since 2023, sparking debate over Golden Visa reforms.

The latest RICS Cyprus Property Price Index with KPMG shows a stabilising real estate market in Q2 2025, with moderate g...
27/08/2025

The latest RICS Cyprus Property Price Index with KPMG shows a stabilising real estate market in Q2 2025, with moderate gains in housing, rentals, and leisure properties, while shops continue to lag behind. According to the price index, most property categories recorded moderate growth during the second quarter, with apartments and houses leading the way. District highlights Larnaca: Strongest overall price growth, especially in houses and warehouses....

Cyprus’ property market stabilises in 2025, with the price of apartments and homes up, shops lagging, & Larnaca showing the strongest growth.

Over the past twelve years, the Cyprus housing market has undergone a dramatic transformation, with detached houses grad...
26/08/2025

Over the past twelve years, the Cyprus housing market has undergone a dramatic transformation, with detached houses gradually giving way to high-rise apartment blocks that now dominate both urban skylines and the property sector's value. According to data from the Statistical Service of Cyprus (Cystat), processed by StockWatch, the first four months of 2013 saw permits issued for 852 detached houses, 464 semi-detached houses, 401 residential apartment blocks, and 71 mixed-use apartment blocks....

Housing development in Cyprus has entered a new era, one where vertical living, density, and urban apartment blocks define the future.

Cyprus is rapidly gaining ground as one of Europe's most promising business destinations, ranking among the top five cou...
25/08/2025

Cyprus is rapidly gaining ground as one of Europe's most promising business destinations, ranking among the top five countries for entrepreneurs relocating from abroad. According to William Russell's report Best European Countries to Start a Business as an Expat, Cyprus secured fifth place across Europe, scoring 6.77 out of 10. Why Cyprus stands out William Russell's research assessed several key indicators for entrepreneurial growth, including new business density, first-year survival rates, coworking space availability, labour force participation, and venture capital investment levels....

Cyprus ranks among Europe's top five countries for expat entrepreneurs, offering stability, market access, and a Mediterranean business hub.

Cyprus is home to one of the most active real estate markets in the Mediterranean. From luxury seaside villas and modern...
24/08/2025

Cyprus is home to one of the most active real estate markets in the Mediterranean. From luxury seaside villas and modern urban apartments to traditional stone houses in charming villages, the island's property scene attracts thousands of transactions every year. The real estate sector plays a significant role in Cyprus's economy, directly contributing to growth, employment and the country's international image as an investment destination....

Konstantinos Kaousliades explains the necessity of appointing a lawyer who is unconnected with anyone else involved when buying property.

Praised as one of the world's leading residency programmes, Cyprus now faces questions at home over new citizenship rule...
24/08/2025

Praised as one of the world's leading residency programmes, Cyprus now faces questions at home over new citizenship rules that critics warn could echo the scandals of its disgraced golden passport scheme. Cyprus has secured seventh place in Nomad Capitalist's ranking of the world's top nine Golden Visa programmes for 2025, underlining its growing profile as a destination for investors seeking residency through investment....

Cyprus secures 7th place globally for its Golden Visa, but new fast-track citizenship rules spark debate over transparency and fairness.

Cyprus has received more than 560 applications under its new affordable housing schemes since their launch last year, wi...
21/08/2025

Cyprus has received more than 560 applications under its new affordable housing schemes since their launch last year, with officials saying the early response from both households and developers points to growing demand. Interior Minister Constantinos Ioannou, replying to parliamentary questions from AKEL's Marina Nikolaou and EDEK's Andreas Apostolou, said 525 submissions were made under the housing grant for young people and couples up to 41 years old....

Cyprus housing aid in demand as young couples dominate over 500 applications for affordable home grants and renovation schemes.

A loophole in Cyprus' legal framework allows non-EU nationals to acquire real estate, even as individuals, without attra...
20/08/2025

A loophole in Cyprus' legal framework allows non-EU nationals to acquire real estate, even as individuals, without attracting much attention. In practice, non-EU nationals purchase property from local owners, file an assignment agreement with the District Land Office, and then enjoy full use of the property (whether a flat or other type of residence) with no real checks in place....

Non-EU nationals are bypassing Cyprus' property restrictions through assignment agreements. Here' how the loophole works.

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