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1. Cyprus bets on students to revitalize Old Nicosia, but at what cost?

Once overshadowed by controversy over unregistered universities—a scandal that drew scrutiny from Brussels—Cyprus has quietly reinvented itself as a rising destination for students across Europe. ...

2. Cyprus tax reform: A win for families, a challenge for businesses

Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....

3. One in three short-term rental accommodations is illegal

4. Cyprus moves to ease car recall chaos with rental cars and free bus passes

The government is stepping in to help drivers impacted by the Takata airbag recall by arranging discounted rental cars and free public transport passes for those whose vehicles have been immobilized....

5. 100% tax on foreign buyers in Spain

Spain’s Prime Minister Pedro Sanchez has proposed bold measures to address the country’s housing crisis, including a 100% tax on homes purchased by non-EU foreigners....

6. Greece cracks down on Airbnb rentals

In a bold step to address its worsening housing crisis, Greece has introduced sweeping legislation to clamp down on short-term rentals listed on platforms like Airbnb. ...

7. Cyprus & Greece Market Overview: 2023-2024 and Projections for 2025 and Beyond

The market underwent significant changes from mid-2023 onwards due to several global and regional factors....

8. EPIC, SPP Media, and Deejay Radio Unite for a Great Cause

Once again, Nicosia will be transformed into a Christmas wonderland as the city's biggest holiday street festival returns. This year’s EPIC STREET FEST promises to bring together people of all ages for a celebration filled with music, food, drinks, and plenty of festive fun....

9. Affordability, Urbanization, and Sustainability: How Real Estate in Cyprus, Greece, and Romania Will Evolve by 2029

The next five years will redefine the real estate markets of Cyprus, Greece, and Romania....

10. 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. ...

11. 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....

12. 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. ...

13. 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....

14. 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....

15. 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....

16. 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. ...

17. 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. ...

18. Airbnb soars in Cyprus as over 6,700 properties embrace the trend

In Cyprus, there's a growing trend in tourist accommodation preferences, with an increasing number opting for self-catering options like Airbnb, according to Marios Tsianakas,...

19. Can Cyprus withstand yet another crisis?

The recent Houthi attacks on commercial vessels navigating the Red Sea have triggered another disturbance in the intricate web of the global supply chain...

20. SppMedia, EPIC, and Deejay Radio hand over a cheque to Nicosia's Center

The Epic Street Fest, which has now been established as an institution in the heart of the capital, is characterized by its philanthropic nature....

21. Woman arrested for duping victims of over €430,000

In a shocking turn of events, a 52-year-old woman has been apprehended by Limassol Police for allegedly orchestrating a fraudulent real estate scheme. ...

22. Greece rolls out 'climate resilience levy' to fund post-disaster reconstruction

In an effort to finance reconstruction projects following severe forest fires and floods, the Greek government has introduced a new accommodation tax, referred to as the 'climate resilience levy.'...

23. Europe tightens rules on short-term rentals for sustainable tourism

The noose has tightened for short-term rentals within European territory, i.e. ''Airbnb'' and other well-known platforms. The aim of the new three rules from the European institutions is to promote more sustainable tourism,...

24. 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....

25. 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. ...

26. SPPMedia and Deejay Radio unite for Epic Xmas Street Fest

Epic, SPPMedia, and Deejay Radio don aprons for a good cause at Epic Street Fest - Christmas Edition 2023!...

27. Epic Street Fest illuminates Nicosia with Christmas splendor

Brace yourselves for an unforgettable evening as Epic, in partnership with Deejay Radio 93.5, presents the much-anticipated Epic Street Fest - Christmas Edition 2023. On Sunday, December 17, from 18:00 to midnight, Makarios Avenue transforms into a winter wonderland, radiating the magic of Christmas....

28. Israelis find sanctuary in Greece and Cyprus

As the conflict with Hamas in Gaza intensifies, a growing number of Israeli citizens are seeking refuge in Greece and Cyprus....

29. Rising rent costs challenge Cyprus middle-class budgets

A disconcerting trend is unfolding in Cyprus, where not only are the prices of essential goods on the rise, but rents are also skyrocketing, sparking extensive debates and concerns throughout society according to a report on Philenews....

30. Revolutionizing the management of multi-owner buildings in Cyprus

The proposed legislative changes, tabled in the parliament yesterday, seek to modify and enhance the existing framework for the management of common buildings....