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- Building permits plummet in Septemberby Nigel Howarth at 2:18 pm
The number of building permits approved in Cyprus saw a significant decline in September 2024, according to data released by the Statistical Service. The drop of 30.9% is attributed to operational challenges following the introduction of the new integrated information system, “Ippodamos” and changes in the permit approval process. In September 2024, a total of The post Building permits plummet in September appeared first on Cyprus Property News.
- Police investigating paramilitary group linked to property fraudby Nigel Howarth at 4:56 pm
Police are investigating a case involving 80 individuals suspected of running a military-style organisation engaged in property fraud. The Criminal Investigation Department (CID) launched the investigation after a law firm reported irregularities concerning a foreclosed property, leading to the discovery of what police describe as an organised criminal group. Two suspects have been arrested, while The post Police investigating paramilitary group linked to property fraud appeared first on Cyprus Property News.
- Limassol apartment block most expensive sale in 2024by Editorial at 9:44 am
An apartment block in Limassol’s western suburb of Polemidia sold for €39.3 mln last year, making it the most expensive property deal of 2024, according to a recent market study by Ask Wire. The island’s leading real estate analytics platform compiled data on the highest-value transactions of the past year and found that the ten The post Limassol apartment block most expensive sale in 2024 appeared first on Cyprus Property News.
- Hi-rise buildings & developments planned for KEAN Siteby Nigel Howarth at 12:23 pm
Plans to demolish the historic KEAN factory in Limassol, making way for major residential, commercial, and office developments, have been confirmed by the company bbf. Located on Limassol’s coastal avenue, the KEAN factory has been a landmark since its establishment on 1st July 1956, serving as the primary production facility for the soft drinks company. The post Hi-rise buildings & developments planned for KEAN Site appeared first on Cyprus Property News.
- Government launches fast-track building licence processby Nigel Howarth at 10:51 am
The government has introduced a fast-track process for issuing building licences for certain residential units, aiming to cut bureaucracy and promote home ownership, which it announced in January. Interior Minister Constantinos Ioannou detailed the new system, which significantly reduces the time for obtaining a final building permit to 40 working days – 20 days for The post Government launches fast-track building licence process appeared first on Cyprus Property News.