Larnaca expected to have strong winter tourism season

Strong Outlook for Larnaca Winter Tourism Larnaca winter tourism is on track for steady growth in 2025. Hotels across the city will remain open during the colder months, showing confidence in year-round demand. Moreover, the Larnaca Hoteliers Association president, Marios Polyviou, highlighted that the United Kingdom, Israel, and Poland remain the three most important winter […]

Larnaca: The plan for a restart of the commercial centre

Major Investment in the Heart of Larnaca Larnaca’s commercial centre is entering a new era. The municipality has launched two large-scale redevelopment projects worth more than €14 million, co-funded by the THALIA Programme. The works, which began in late 2024, target Alki and Acropolis squares as well as key central streets. City officials expect the […]

Larnaca starts eight major projects worth €400 million

The Larnaca District Local Government Organisation has announced eight major infrastructure projects worth €400 million, focusing on sewage systems, flood protection, and sustainable water management. Currently underway is Phase III of the sewage system, costing €110 million and funded by the EU’s THALEIA 2021–2027 programme, covering Dromolaxia-Meneou, Kiti, Pervolia, and Tersefanou, with completion set for […]

Rental Map of Cyprus: From €989 in Larnaca to €7,750 in Limassol

Cyprus Rental Market Sees Seasonal Surge in Demand – July 2025 Overview The Cyprus rental market has undergone notable shifts this July, according to a new report by Landbank Analytics. Drawing from data collected across major property listing platforms, the analysis offers a clear snapshot of rental availability and average asking prices across the island’s […]

New five-story hotel unit in Larnaca

A new hotel development is set to launch in a thriving tourism zone, featuring 182 beds and a wide array of high-end facilities. Designed for leisure and wellness tourism, the hotel will include a restaurant, bar, cafeteria, spa, gym, and dual swimming pools (indoor and outdoor). It’s strategically built to support year-round operation, with amenities […]

New Law Paves the Way for Urban Land Development

Cyprus has passed a significant new law aimed at facilitating urban land development through a process known as urban consolidation. This legislative step is designed to unlock the development potential of fragmented, underutilized, or inaccessible land in urban areas. By enabling the merging and redistribution of land plots—often hindered by complex ownership structures, legal encumbrances, […]

Cyprus building material prices rise from last year

Construction material prices in Cyprus have slightly increased year-on-year, despite a minor dip in May 2025, according to the Cyprus Statistical Service. The Construction Materials Price Index stood at 118.92 units in May 2025 (with 2021 as the base year at 100 units), marking a 0.09% decrease compared to April 2025. However, compared to May […]

RICS Cyprus Property Price Index results of 2025 Q1

KPMG in Cyprus and RICS have released the Q1 2025 Cyprus Property Price Index, revealing continued growth in the local real estate market, particularly in Larnaca, which recorded the most significant value increases. According to Christophoros Anayiotos, Head of KPMG Cyprus’s Real Estate Industry Group, office properties saw the largest price and rental increases, followed […]