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 […]
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 […]
Cyprus Sets Clear Course for Schengen Membership, Easing Travel & Lifting Investment Appeal
Cyprus is on track to join the Schengen Area by the end of 2026, driven by a concerted push to complete technical adaptations by late 2025. President Nikos Christodoulides proudly asserts that a “huge effort” is underway to meet visa‑code, border‑control, security, and return‑policy criteria, enabling full entry into the zone in 2026. Supporting this […]
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, […]
“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 […]
Construction Boom in Pyla
“Η Πύλα αυτή τη στιγμή έχει από τους πιο ψηλούς ρυθμούς ανάπτυξης παγκύπρια” ανέφερε στον «Φ» ο πρόεδρος του Κοινοτικού Συμβουλίου, Σίμος Μυτίδης. Νατάσα Χριστοφόρου για Philenews https://www.philenews.com/kipros/koinonia/article/1543133/ikodomikos-orgasmos-stin-pila/