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 […]
Larnaca Emerges as Cyprus’s Real Estate Hotspot
Recent data from the RICS–KPMG Cyprus Property Price Index for Q1 2025 shows Larnaca leading the pack in property price rises across Cyprus Larnaca is quickly becoming the new hotspot in Cyprus’s real estate market, outpacing other cities in both property price growth and rental demand, according to the latest RICS–KPMG Cyprus Property Index for Q1 […]
Plans to link Cyprus and Lebanon by ferry confirmed
New Ferry Link Between Cyprus and Lebanon Confirmed Transport Minister Alexis Vafeades has officially confirmed that investors plan to launch a new passenger ferry service connecting Larnaca (Cyprus) with Jounieh (Lebanon). The government supports the initiative, aimed at enhancing island connectivity and facilitating tourism and trade. While operators expect services to begin “imminently,” no exact […]
Major Urban Redevelopment to Transform Former Industrial Zone in Larnaca
A major urban redevelopment initiative is underway in Larnaca, aiming to transform a former industrial zone into a vibrant residential and commercial hub. The project involves the construction of six modern residential towers, offering over 450 apartments, including one-, two-, and three-bedroom units, as well as penthouses. The towers will range from 16- to 20-storeys […]
Larnaca Port and Marina: Agreement Signed with Greek HRADF – Study for Future Development Begins
Larnaca’s port and marina are entering a new era of development. The Cypriot government is partnering with Greece’s HRADF to conduct a comprehensive study that will determine the long-term strategy for the area’s growth and usage. This comes after the state terminated its previous deal with Kition Ocean Holdings a year ago. In the meantime, […]
€90M Marina Proposal Set to Transform Larnaca and Boost Real Estate Sector
Larnaca is poised for a major transformation with a €90 million proposal for a new luxury marina that promises to elevate the city’s waterfront and real estate landscape. Submitted by the Larnaca Chamber of Commerce and Industry (EBEL), the plan envisions the development of a modern marina adjacent to the existing one, blending tradition with […]
Cyprus Business Now: Larnaca tourism, real estate market, government deficit
Larnaca’s Tourism and Real Estate BoomLarnaca has emerged as a popular location for European baby boomers, ranking first in a TUI poll based on visitor feedback. The city’s popularity stems from its combination of seaside beauty and cultural activities, such as excursions to the Troodos highlands and the villages of Lefkara and Fikardou. This demographic […]
“Προχωρά η διαδικασία υλοποίησης του yacht club στη Λάρνακα”
The government of Cyprus is advancing the process for establishing a luxury yacht club at the marina of Ayia Napa. This project is seen as a significant investment aimed at boosting tourism and the maritime sector in the region. The yacht club will offer high-end services to yacht owners, providing amenities such as berthing, refueling, […]
“Green Light for New University School in Larnaca – President Christodoulides’ Announcement Applauded”
President Nikos Christodoulides officially announced the creation of a new university school in Larnaca, which was warmly received by local officials and the public. The school, under the Cyprus University of Technology (TEPAK), will focus on Marine Sciences, Technology, and Sustainable Development, and will be located in the Mackenzie area. It is set to open […]
Larnaca-Dhekelia coastline
“A journey from industrial hub to innovation” “For decades, the Larnaca-Dhekelia road was a symbol of industry. The rhythmic hum of oil tankers and the silhouette of towering fuel tanks defined this coastal stretch. But today, a new vision rises from its industrial past—a future brimming with possibility. The Lefkaritis Group were the first to […]