Latest Headlines

Reports written by Anna Hassapi

Cyprus property dealer murdered

Police are investigating the murder of a property dealer whose body was found on a beach in the Ayios Tychonas area of Limassol yesterday morning. A pathologist has confirmed that the man had been strangled.

Developers say building package will create ghettos

Property developers say that the Cyprus government’s new package to boost the construction sector by building 500 additional low cost properties will create ghettos.

Developers optimistic Limassol marina will start soon

Despite recent reports of funding problems, the Cypriot company set up to deliver the Limassol marina remains confident that everything will run smoothly.

Government resolved to speed up golf course construction

EAGER to boost a weakened construction sector, the Cyprus government is trying to speed up the process of issuing licences for golf courses and the housing projects that accompany them. The details of this ‘speed-up plan’ are currently before the Minister of Commerce Antonis Pashalides, ahead of a decision by the Council of Ministers. For […]

Protest by Limassol property developers in crisis

A PROTEST by Limassol property developers against the increased bank interest rates this week revealed just how concerned some professionals in the real estate sector have become. Even more worrying for developers, however, is that Cyprus banks have almost stopped giving out loans to property buyers. This has reduced demand for houses, while their availability […]

The sky’s the limit

THE RISE in real estate prices, coupled with an unprecedented development boom, have been established as an entrenched reality in Cyprus over recent years. Limassol is currently host to numerous exclusive residential projects, including a project marketed as “the most exclusive in the Mediterranean”, offering accommodation for sale up to a staggering €12.5 million. The […]

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