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UK Governments Official Advice on Living in Cyprus

General information on all things Brexit has been very patchy to say the least but it is important for British Citizens living in Cyprus to do as much as they can to prepare themselves for what is to come in March 2019. Nothing is totally decided yet so all information is still subject to change…

Natural gas Pipeline Deal

Egypt and Cyprus on Wednesday signed an agreement for the construction of an underwater pipeline to export natural gas to Egypt. The deal was signed at the presidential palace by Energy Minister Yiorgos Lakkotrypis and Egypt’s Oil Minister Tarek el-Molla.   The Energy Minister, Mr. Lakkotrypis said the agreement aimed at ensuring the timely and safe…

NPLs Pushing Down Cyprus Property Prices

A EUROPEAN Commission report suggests that the high number of mortgage-backed NPLs is pushing property prices downwards. According to the EC’s report entitled ‘Housing Market Developments in Cyprus‘ the large mass of NPLs is on the one hand affecting banks’ capacity and willingness to give out housing loans, and on the other is putting pressure…

Radisson Blu comes to Larnaca

An impressive new arrival in Larnaca is enhancing the town’s tourist profile, as the Radisson Blu Hotel has officially begun operating as Cyprus’ first business hotel. Located in the center of Larnaca besides the harbor and a mere 10 minute away from Larnaca International Airport, Radisson Blu Hotel promises a stay of the highest quality….

Cyprus Records Largest Unemployment Decrease in EU

Cyprus registered, once again, the largest annual decrease in unemployment for August 2018, according to Eurostat, the statistical office of the European Union. Unemployment in Cyprus dropped from 10.5% in August 2017 to 7.5% (7.0% in males and 7.9% in females) for August 2018 (or from 45 000 to 33 000 individuals), further down from…

Property Sales Up 14% for August

The number of property sales in Cyprus continued to rise in August with the number of sales contracts deposited at Land Registry Offices across the Republic up 14 per cent compared with August 2017. The number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during August 2018 rose 14…

Horse Riding at Aphrodite Hills

Horse Riding might not be the first activity on your mind when you arrive at the Aphrodite Hills Golf Resort but it is actually a fabulous opportunity to appreciate the calm and beauty of the slice of Cyprus countryside which surrounds the Resort. Hidden 3km into the hills above the resort this well run riding…

Small Rise in Cyprus Property Sales

THE NUMBER of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during June 2018 rose just 2 per cent compared to June 2017 according to official figures published by the Department of Lands and Surveys. This follows increases of 23% in May, 29% in April and 23% in March and…

Highrise Not Needed in Paphos

AFTER it was revealed this week that Paphos municipality has received ten applications for high-rise buildings, a 500-strong group Movement to Save Paphos says there is no need for such construction in the district and an expert body should be formed to offer proper advice before it is too late. According to Antonis Trakkides, a…

Foundation Stone Laid for Limassol Casino

The groundbreaking ceremony for the new casino resort took place on Friday in Limassol attended by President Nicos Anastasiades who described it an “historic day” and a “major milestone” for Cyprus. Anastasiades said City of Dreams Mediterranean constituted the biggest investment project undertaken in Cyprus and expressed his “sincerest appreciation” to Lawrence Ho, Chairman and…

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