News
Law on first homes reduced VAT passed
The Cypriot parliament has passed a law allowing for a reduced value-added tax (VAT) rate of 5% on first homes
Palm Beach Hotel is being renovated in Larnaca
The Palm Beach Hotel in Larnaca, a well-known establishment in the tourist area of Oroklini, has been purchased by an Israeli company with interests in other hotels in the region.
Accor is introduced to the Cyprus market with Mercure Larnaca Beach Resort
Accor Group's mid-range hotel chain, Mercure, has entered the Cyprus market with the opening of Mercure Larnaca Beach Resort in Oroklini.
Apartments outshine houses in booming Larnaca property market
A total of 1,929 apartments and 864 houses were sold during the previous year
Property sales up 34 per cent (Update)
Property sales in May rose 34 percent compared to the same month last year according to official statistics from the Department of Lands and Surveys.
Chaos for a property in Larnaca
Those involved in the real estate sector, as well as the local authorities of Larnaka, characterize as unprecedented the demand