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1. Primary residence and the benefit of 5% reduced VAT rate

Nowadays having your own permanent residence is a must, however the cost for the acquisition or construction of a house/apartment has significantly increased in the last few years....

2. Greek real estate fourth cheapest in Europe, draws foreign buyers

The Greek real estate market has significant prospects for establishing itself as one of the main destinations for foreign home buyers, being the fourth cheapest in Europe....

3. Using AI to steal your homes from under your nose

The rise of artificial intelligence (AI) is changing the game for real estate scams, making it easier for criminals to pull off tricky schemes like deed theft....

4. Interior Ministry proposes solutions for 9,500 stranded property buyers

Interior Minister Constantinos Ioannou presented solutions for resolving issues faced by ''stranded buyers'' to the Parliamentary Committee on Legal Affairs, addressing about half of the nearly 9,500 pending cases....

5. Cyprus’ luxury resort tied to Russia’s $230M Magnitsky scandal

Cypriot police are close to completing an investigation into allegations connecting a luxury resort to one of Russia’s biggest financial scandals, the Magnitsky case, according to police officials....

6. Real estate investment opportunities by AstroBank

AstroBank has listed for sale two apartment blocks and other residential and agricultural properties in Nicosia Paphos, and Famagusta....

7. Hellenic Bank boosts first-time buyers with reduced rates

Hellenic Bank has introduced a new scheme offering reduced interest rates for first-time homebuyers....

8. Homebuyers face mounting debts as developers' loans go unpaid

9. Cyprus homebuyers favor apartments

Homebuyers in Cyprus are showing a growing interest in buying apartments, according to a new report. ...

10. Why building a home is rare today

As discussed in our previous article, the housing landscape in our country is changing, with home ownership rates decreasing and aligning with the European average. ...

11. The $10 billion plan to rebuild Cyprus's ghost town

The Turkish newspaper Sözcü has drawn attention to Varosha, an abandoned area in Famagusta, calling it the "Las Vegas of the Mediterranean." The paper says it would take $10 billion to bring the ghost town back to life after being abandoned for 50 years....

12. Home prices surge in Q4 2023

House prices in Cyprus continued their upward trajectory in the fourth quarter of 2023, with apartment prices being the primary driving force, as per a report released by the Central Bank of Cyprus on Tuesday....

13. Bank of Cyprus to auction cars: See models and prices

The Bank of Cyprus has announced an upcoming auction for a selection of cars. Details of the models and prices are outlined in the tables below....

14. Europe's ambitious plan to reignite economic engines

As Europe endeavours to uphold its competitiveness amidst economic rivals, its politicians believe they hold a concealed asset: the savings of its citizens, which remain unused and dormant....

15. Luxury living or lawlessness? Squatters occupy Hollywood Hills mansion

A luxurious mansion in the heart of Hollywood Hills became an unexpected shelter for squatters earlier this year, showcasing a bizarre mix of characters including a self-proclaimed OnlyFans creator and a French bulldog....

16. Interior Minister's planning amnesty paves way for affordable housing

In a recent development, Interior Minister Konstantinos Ioannou directed the Director of Planning to formulate a comprehensive proposal for a planning amnesty....

17. Investment thresholds in golden visa program under review

Reports circulating in the market in recent days regarding the Golden Visa program suggest that the government intends to establish three different investment thresholds, depending on the area where the property in question is located....

18. Home building costs up by 20%, insights for buyers

Geopolitical developments, marked by conflicts in Ukraine and Gaza, have led to a notable surge in house prices, revealing a 20% increase in construction costs since 2019,...

19. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

20. Greek home sales face unprecedented delays

The process of selling a house in Greece has started to look like an odyssey, after the developments of the last few weeks....

21. Lisbon's homes unaffordable as prices hit record highs

In a dramatic twist, Lisbon finds itself grappling with a housing crisis, ranking second only to Athens in soaring housing costs among major European cities, reports Bloomberg. ...

22. Cyprus unveils bold housing policy boost

In a strategic move to spur affordable housing development, the Cyprus government introduces a groundbreaking housing policy....

23. How tens of thousands snag Caribbean ''Golden Passports'' for $100,000

Tens of thousands of passports have been obtained by Russians, Iranians, Chinese and others from Caribbean nations, granting them visa-free travel to European countries, according to a report by the European Commission....

24. Foreign buyers flock to Cyprus real estate

Recent data on property sales in Cyprus reveal distinct trends in different provinces. Notably, the real estate landscape in Nicosia contrasts sharply with that of coastal provinces....

25. Real estate prices surge by 7.7%

The prices in the Cyprus real estate market have been going up in recent years....

26. Residential properties and offices for sale by AstroBank

Homes and building plots, as well as offices have been listed for sale by AstroBank in the districts of Paphos, Larnaca and Nicosia....

27. Luxurious residences and cutting-edge offices transform Nicosia's skyline

After being closed for two years, the Landmark Hotel, formerly known as the Hilton, is undergoing rapid renovation. The MHV Group, the owner, has provided an update indicating that the project is progressing swiftly according to the plan, ...

28. Prices of homes and apartments up 7.7% annually

The rise recorded in the housing market in Cyprus during the first quarter of 2023 was significant, as prices continued to increase, especially in apartments, mainly due to higher demand....

29. EU demands Google breakup over antitrust concerns

European Union regulators hit Google with fresh antitrust charges Wednesday, saying the only way to satisfy competition concerns about its lucrative digital ad business is by selling off parts of the tech giant’s main moneymaker....

30. Local home buyers feel priced out in divided Cyprus

Cypriots on both sides of the divided island have been noticing real estate prices going up in recent years due to foreign buyers willing shell out more, with reports suggesting the trend is going nowhere but up...