All market segments saw an improved number of property sales in September compared to the same period last year according to figures published by the Department of Lands and Surveys.

Domestic sales

Property sales to the domestic market, which accounted for 63% of all sales in September rose by 9% compared to September 2021 and by 41...
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Buoyed by the tourism and retail sectors, the Cypriot economy continued to be on an upwards trajectory in August according to a report by the University of Cyprus Economic Research Centre.

Cyprus’ Composite Leading Economic Index (CCLEI), which uses a variety of metrics to provide an early outlook on future economic activity, increased by 10.8 per cent year-on-year in August.

Located in the Southeastern Mediterranean with its sun-soaked coastline and historic cities, the island nation of Cyprus has been enticing foreigners from all around the world for living for decades.

According to statistics, one-fifth of Cyprus population are foreigners. For people who want to invest and live in Cyprus, one of the questions that arise is the cost of living. As you know, the population of foreigners ...
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The mild winter temperatures are perfect for enjoying the self-guided cultural walk around Larnaca city, but if you are unable to participate on foot, you can still enjoy discovering all the sights at home via the new ‘Larnaka Cultural Walk Virtual 360°’ project.

The innovative virtual tour beautifully showcases 30 of Larnaca city’s most popular and significant landmarks and places of interest; split into three cate...
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Annual house prices in the first quarter of 2021 fell 5.8% in Cyprus, while across the European Union, they rose by an average of 6.1%.

In the first three months, house prices, as measured by the House Price Index, increased by 5.8% in the euro area, 6.1% in the EU but decreased by 5.8% in Cyprus compared to the same quarter of the previous year, according to Eurostat.

Cyprus has long been a popular holiday destination. Many of us have relied on this fact for our financial stability, making money off tourism and foreign investment. Because of the island’s centrality, people from Europe, Africa, and the Middle East are regular visitors. This is why the property market is so dependent on borders being open.

Unfortunately, over the past year we have seen how easily the economy can be...
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While uncertainties remain, the Cyprus property market will continue to strengthen, with once-neglected Larnaca appearing as the most attractive town for investments in real estate.

An industry survey carried out by Danos/BNPRE Group reveals that Larnaca will be at the forefront of the property market, seeing an overdue boom.

“Developers, real e...
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Larnaca is seventh on a ranking of the ten most-booked travel destinations by UK nationals this year.

The Valencia, Spain-based analytics firm Forward Keys has provided the ranking based on comprehensive ticketing data covering the globe from online bookings to travel agencies and airlines. The air ticket data are for tickets issued from June 4 to September 21, 2021 compared with the same period in 2020.