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 […]
Huge Interest in Developments in Larnaca: Urban Planning Applications Surge by Over 70% in the Last Four Years
Larnaca is experiencing a remarkable boom in construction and development, with urban planning applications in Larnaca 2025 reaching 1,295 in the first seven months — a 53% increase compared to 2024 and a 73% rise since 2022. The surge highlights growing demand for residential and commercial projects across the city and district. According to the […]
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 […]
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 […]
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 […]