Cyprus Housing Shortage: A Growing Concern
Cyprus faces an ongoing housing shortage that persists despite frequent government incentives. While new schemes and policy adjustments have been introduced, the…
Property news and guides
Area guides, market data and practical advice for buying, renting and living in Cyprus — written by the team behind INDEX.cy.
Major Amendments to Cyprus Incentives Scheme Accelerate Affordable Housing
In a decisive move to address Cyprus’ persistent housing shortage, the Cabinet recently approved significant modifications to a special incentives scheme designed…
Major Redevelopment for Historic KEAN Factory in Limassol
Redevelopment Overview In a landmark plan valued at €189 million, Russian property developer BBF intends to transform the historic KEAN soft drinks…
New Appeal to Halt Property Repossessions for Trapped Buyers in Cyprus
New Appeal to Halt Property Repossessions for Trapped Buyers in Cyprus The Chairman of the Parliamentary Committee on Legal Affairs, Justice and…
Euro Area House Prices Show Strong Growth in Q4 2024
Robust Housing Market Trends Across Europe Recent figures from Eurostat reveal that, in the fourth quarter of 2024, the euro area witnessed…
KOAG Unveils €124,000 Apartments and Broader Affordable Housing Strategy
KOAG Introduces Budget-Friendly Apartments for Cyprus The Cyprus Land Development Corporation (KOAG) has recently announced a new opportunity for affordable apartments of…
Up to €35,000 in Grants: Cyprus’s ‘Renovate-Rent’ Scheme Boosts Affordable Housing
The Ministry of Interior has rolled out the “Renovate-Rent” program, offering grants of up to €35,000 for property owners who renovate unoccupied…
Cyprus Financial Outlook: Legacy NPLs and High Debt in Focus
Cyprus Financial Outlook: Legacy NPLs and High Debt in Focus International monitors have raised significant concerns about Cyprus’s prolonged challenges with Non-Performing…
Cyprus Steps Up Safety Measures for 1,292 Risk-Prone Buildings
New Legislation Targets Unsafe Buildings In a decisive move to protect public safety, Cypriot authorities are focused on 1,292 buildings identified as…
Impressive Momentum in Cyprus’ 2024 Real Estate Market
The Cyprus property market experienced notable gains in 2024, with new home transactions surpassing €2 billion, according to recent findings by Landbank…
Buying a Home in Nicosia? Hidden Costs You Might Not Expect:
Purchasing a house for sale in Nicosia is an exciting venture, but it can also come with hidden costs that many homebuyers…
Why Paphos is a Rising Hub for Remote Workers and Digital Nomads?
With remote work on the rise, more professionals are seeking destinations that offer both work-friendly environments and a high quality of life.…