A. Lefkaritis: Sales Begin at Land of TomorrowLand of Tomorrow Launches Sales in Larnaca – Petrolina Group Unveils €45M First PhaseA. Lefkaritis: Sales Begin at Land of Tomorrow
Land of Tomorrow Larnaca
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 […]
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 […]
Cyprus Airports Get €170M Upgrade to Welcome More Tourists
Cyprus is investing €170 million to expand Larnaca and Paphos airports, with construction set to begin in late 2024. The upgrades aim to boost capacity, improve passenger flow, and enhance traveler comfort. Larnaca Airport will see expanded gates and terminal areas, while Paphos will benefit from additional baggage systems and border control areas. These improvements […]
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 […]