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1. Florence cracks down on over tourism in historic city center

As millions of tourists flood Italy’s historic cities, Florence is stepping up efforts to manage the pressures of overtourism. With concerns mounting that the high visitor volume threatens the city’s cultural heritage and livability, ...

2. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of 2024 Q3

On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated:...

3. Cypriot residents' travel spending hits €2.23 billion in 2023

Total travel spending by Cypriot residents, both within Cyprus and abroad, reached €2.23 billion in 2023, marking an 8.4% increase from 2022....

4. Traffic offenders targeted with new photo radar, e-toll systems

Cyprus is gearing up to roll out two new systems to better enforce traffic violations captured by radar cameras and to ensure fines reach offenders who have avoided detection or failed to pay up. ...

5. Protests rise against Barcelona's growing tourist influx

Barcelona is grappling with a surge in tourism that has led to rising tensions among locals. Iconic landmarks like Sagrada Familia and Park Güell, along with bustling streets like Las Ramblas, are attracting 170,000 visitors daily, according to city authorities. ...

6. Digital Transformation OR Vanish!

Historically our world has experienced significant eras spanning from the medieval eras, Renaissance, Scientific Revolution, Industrial Revolution, World War Era and others....

7. Limassol office costs outpace London and Amsterdam

Office rental prices in Cyprus, particularly in Limassol, have exceeded those in cities like London and Amsterdam, according to major tech companies operating on the island....

8. New flights from Lebanon for UK nationals, with boat routes to Cyprus

More charter flights are expected throughout the day to evacuate British nationals from Lebanon, according to the UK Foreign Office, which described the number of flights as "limited." ...

9. Tiny house, big rent: Limassol's housing crisis hits new heights

It's no secret that rental prices in Cyprus, especially in Limassol, have skyrocketed to absurd levels. With people struggling to find affordable housing amidst a sea of luxury apartments and inflated costs, one local decided to poke fun at the situation—and it's hilarious!...

10. Greece imposes 20-euro levy on cruise visitors to curb overtourism

Greece plans to impose a 20-euro levy on cruise ship visitors to the islands of Santorini and Mykonos during the peak summer season, in a bid to avert overtourism, Prime Minister Kyriakos Mitsotakis said on Sunday....

11. Cyprus' illusion of prosperity as unemployment numbers mask realities

In its analysis, the Central Bank of Cyprus notes that in the first quarter of 2024, unemployment fell to 6%, the lowest level since 2009....

12. Kamala Harris unveils economic plan with tax cuts and housing focus

Vice President Kamala Harris is set to present a comprehensive economic plan during a major policy speech in Raleigh, North Carolina, on Friday....

13. Greece and the ferry-tale nightmare

The ferry boat situation in Greece is rapidly becoming an unfortunate stain on the very fabric of the country. As someone who not only vacations in Greece, I also own, operate, and conduct business there in the tourism sector....

14. Motorcycle falls 90 meters from cliff onto Akamas coast

A four-wheeled rental motorcycle plunged into the sea after falling from a 90-meter cliff in a road accident on Sunday at the Baths of Aphrodite....

15. Olympic medalists receive life-changing rewards from home countries

16. Cypriot students face €1,100 rents in Limassol

Rising rental prices are placing significant strain on individuals seeking housing in Cyprus and Greece, with particular challenges faced by incoming university students. ...

17. Apartment prices up 13.9% yearly, house price growth slows

In the first quarter of 2024, house price growth showed a slight slowdown, while apartment prices continued to rise....

18. Reflect Festival highlights traffic and housing challenges in Limassol

The recent Reflect Festival brought forth crucial discussions on pivotal issues affecting Limassol, prominently featuring traffic congestion and housing shortages as central topics. ...

19. Nicosia's 7th Epic Street Fest delights thousands

On the afternoon of Tuesday, July 2, about 2000 people gathered in the heart of the capital city, reveling under the summer sky with music from some of the island’s top DJs, courtesy of Deejay Radio, at the 7th Epic Street Fest Nicosia....

20. 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. ...

21. Rentals rise as home ownership trends change

Around 20-25 years ago, Cyprus was renowned for having one of the highest rates of home ownership globally, with figures nearly reaching 78% - 80%, as per the data available then....

22. Epic Street Fest Nicosia returns with summer vibes

Nicosia's biggest outdoor party is back in full swing this summer. The 7th Epic Street Fest Nicosia will take place on Tuesday, July 2, starting at 7 PM on Palia Ilektriki Street, near the new City Hall....

23. BBF announces the full sale of four Class A business centers in Cyprus in the past 12 months

BBF, Limassol’s top luxury residential developer, successfully sold out four Class A office buildings within the last year. Spanning a total area of approximately 20,000 sq. m., the full sale of bbf: latitude, bbf: liberty, bbf: benchmark, and bbf: summit solidifies BBF’s position as a leading name in Cyprus's commercial real estate market as well....

24. Limassol Blu Marine Zeus Tower construction update

The Leptos Group is proud to announce the ongoing construction of the highly anticipated Zeus Tower - Signature Collection, the second tower of the renowned Limassol Blu Marine development....

25. BBF introduces 'ask bbf:' for comprehensive real Estate services

BBF, a leading residential and commercial developer in Cyprus, constantly invests in innovative solutions that put customers at the center of all operations....

26. Cyprus revs up its new car registrations

The Cyprus Statistical Service's latest report reveals a significant surge in motor vehicle registrations, marking a 33.5% increase to 17,589 in January-April 2024, compared to 13,180 in the same period of 2023....

27. Guests rejoice as Airbnb puts an end to spy cameras

In a significant move applauded by privacy advocates, Airbnb has announced plans to prohibit the use of surveillance cameras in its rentals, effective April 30th. ...

28. 2% of homes in Cyprus used as Airbnb accommodations

A recent report reveals that a staggering 2% of homes in Cyprus are being utilized as accommodations on Airbnb, highlighting concerns about housing availability and regulatory oversight. ...

29. Cyprus sees 45% rise in vehicle registrations

Vehicle registrations increased by 45.0% in January-February 2024, according to the Statistical Service of Cyprus report "Registration of Motor Vehicles" for the period January-February 2024....

30. Hotel industry faces backlash over residence fees

The inclusion of a residence tax within the framework of the green tax reform, affecting hotels, tourist accommodations, and Airbnb, is expected to trigger reactions within the hotel industry....