36 h. ago Cyprus Business Now: wages, maritime, CSE, BoC, compliance, real estate

Average monthly earnings in Cyprus rose by 5 per cent in the fourth quarter of 2024 compared to the same period in 2023, according to preliminary data released by the Cyprus Statistical Service (Cystat). When compared to the previous quarter, and after adjusting for seasonal fluctuations, average monthly earnings increased by 1.2 per cent in the fourth […]

Politics

55 h. ago Cyprus estate agents threaten action over legal contract bill

The Cyprus Real Estate Agents Registration Council has issued a call to its members to be prepared for mobilisations, following a meeting of the House legal affairs committee on Tuesday. The session involved a discussion of a proposed bill by MP Kostis Efstathiou, which would make it mandatory for all property sale contracts in Cyprus […]

Events

5 d. ago Cyprus estate agents fight proposed legal monopoly on property contracts

The Cyprus Real Estate Agents Registration Council on Monday again voiced concerns over a proposed law that would require all rental and sale contracts for real estate to be drawn up exclusively by lawyers. The proposal, which is currently before the House legal affairs committee, has been met with strong opposition from the council, which […]

Sport

8 d. ago Cyprus real estate council welcomes new rules on daily rentals

The Cyprus Real Estate Agents Registration Council this week expressed its satisfaction with the recent initiatives aimed at regulating the issue of daily property rentals. In an official statement, the council said it participated in a session of the House commerce committee where a bill was discussed to strengthen the legislative framework for self-catering accommodation […]

Politics

1 week ago Experts outline tokenisation’s real estate potential at Limassol expo

Real estate is evolving fast, with blockchain at the centre of this transformation, as highlighted during a panel discussion at the recently-held REALTYon 2025 expo in Limassol. During the discussion, we learned how tokenisation can reshape ownership. We saw clear comparisons with traditional methods and heard real numbers. We gained practical insights. The discussion was […]

Politics

1 week ago Cyprus real estate agents welcome jail terms over property usurpation

The Cyprus Real Estate Agents Registration Council on Monday welcomed the court’s decision to convict two Hungarian nationals for their involvement in the illegal promotion and sale of Greek Cypriot properties in the island’s north. Council president Marinos Kineyirou said the ruling “sends a clear and unequivocal message that such illegal acts do not go […]

Events

2 w. ago Cyprus Business Now: Property, Shipping, Oev, Salaries, Jumbo, Selk

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April showed a slight nationwide increase despite small drops in Larnaca and Paphos. According to data from the Department of Land and Surveys, 1,404 property transactions were recorded across the […]

Economics

2 w. ago Cyprus property sales rise 12 per cent in first four months of 2025

Real estate sales in Cyprus rose by 12 per cent in the first four months of 2025 compared with the same period last year. In addition, figures for the month of April showed a slight nationwide increase despite small drops in Larnaca and Paphos. According to data from the Department of Land and Surveys, 1,404 […]

Politics

2 w. ago Cyprus Business Now: BoC, estate agents, passenger traffic, property auctions

Credit rating agency Moody’s on Tuesday upgraded the long-term deposit ratings of the Bank of Cyprus to A3 from Baa1, reflecting continued strengthening of the bank’s financial position. In addition, the agency kept the bank’s outlook on deposit ratings as stable. According to the agency’s latest report, the Bank of Cyprus now holds the highest deposit rating among all banks […]

Economics

2 w. ago Public warned over fake real estate agents as convictions rise

The Cyprus Real Estate Agents Registration Council recorded 125 convictions for illegal real estate brokerage in 2024, according to an announcement released on Tuesday. The number of convictions, the council explained, “reinforces its stance that tackling unlicensed activity remains a top priority“. Throughout the year, the council handled hundreds of complaints, submitted by licensed estate […]

Events

2 w. ago Cyprus Business Now: Evel, airport works, easyHotel, NBG, real estate market

Limassol businesses are still grappling with staffing shortages, rising costs and red tape, according to the latest business barometer published this week by the Limassol Chamber of Commerce and Industry (Evel). According to the announcement, it was mentioned that the chronic lack of suitable human resources continues to top the list of concerns. In nearly every […]

Economics

2 w. ago PwC Cyprus: The Cypriot real estate market maintained its momentum in 2024

PwC Cyprus: The Cypriot real estate market maintained its momentum in 2024  Kathimerini.com.cy

Politics

2 w. ago Altia to strengthen presence with dynamic REALTYon Expo 2025 participation

Altia will participate in this year’s REALTYon Expo, the largest real-estate exhibition in Cyprus, taking place over May 8-9, 2025 at City of Dreams Mediterranean in Limassol. As the fastest-growing real-estate company on the island, Altia will showcase its wide and diverse portfolio, which includes residential, commercial and industrial properties, as well as plots across […]

Politics

2 w. ago Cyprus property market hits €5.71bn; fewer building permits signal quality shift

The total value of all real estate transactions in Cyprus reached a record-high €5.71 billion in 2024, reflecting a modest one per cent increase compared to 2023, according to a report released on Monday by PwC Cyprus. The firm also noted that the total number of transactions decreased slightly to 23,900, representing a three per […]

Events

3 w. ago Cyprus Business Now: CBC, real estate sales, BoC shares, gov surplus, retail

Cyprus recorded a general government surplus of €580.6 million in the first quarter of 2025, according to preliminary data published by the Cyprus Statistical Service (Cystat) on Friday. The surplus represents 1.6 per cent of GDP and marks a slight increase from the €575.7 million surplus (1.7 per cent of GDP) recorded during the same […]

Economics

4 w. ago Cyprus Business Now: Larnaca tourism, real estate market, government deficit

The Cyprus property market has recorded a robust performance in the first quarter of 2025, with both transaction volumes and sales values reflecting strong momentum, according to a report by the Cyprus Real Estate Agents Registration Council. In its report, the council noted that Paphos is currently enjoying strong interest from international buyers, while Limassol […]

Politics