TUESDAY, 13 NOV 2018



Facebook Linked In Twitter
Invest Cyprus 30/04-30/03/2019

Christodoulides Expects Lute to Return to Cyprus

Lakkotrypis Calls for Promotion of Cyprus' Special Interests within EU Free Trade Agreements



brought to you by Deloitte

PwC Cyprus Organises Events on Real Estate Sector

PwC Cyprus Organises Events on Real Estate Sector

Developments in the Cyprus real estate sector, recent market information and the use of funds as a growing trend for real estate projects were at the focus of the events organised by PwC Cyprus on 6 and 7 November in Paphos and Limassol respectively. Professionals from the sector had the opportunity to be informed, in detail, by PwC experts on the sector’s performance during the first half of 2018, as well as on the latest market trends.

Welcoming the events, Constantinos Constantinou, Partner, Head of Advisory Services at PwC Cyprus, said that “The sector is a main pillar of the Cypriot economy as it contributes greatly to the Gross Domestic Product (GDP) as well as helps attract new investments and supports the labour market. The increased levels of activity, with regards to transactions as well as new permits for development, also continued in the first half of 2018, confirming the continuous improvement of confidence in the real estate sector”.

PwC experts presented statistical data on property transactions, building licences and the behaviour of price indices. As the speakers underlined, the interest of foreign buyers who are non-EU citizens continues to be the main driving force behind the real estate market. Furthermore, increased levels of demand in the local market as well as the construction of new houses due to the rejuvenation of the construction and real estate sector, further contribute to the growth that has been recorded so far.

During the events, PwC Cyprus announced the circulation of its 4th publication on the Cypriot land development market, entitled “Cyprus Real Estate Market – First Half in Review 2018”. The publication is directed at individuals and companies interested in developing, investing, purchasing or putting real estate up for rental or sale. It is a rich source of information for better understanding the current situation in the sector, as it analyses all the parameters involving a property, with geographical and time criteria, as well as depending on the type of the property.



Limassol Del Mar: Construction Works are in Full Swing

Limassol Del Mar is a fully licensed, pioneering and luxurious project, which constitutes ...

Paphos Favoured by the Majority of European Buyers and Investors

Paphos is in the lead as the most popular district for overseas buyers especially ...

Bloomberg’s European HQ by Foster + Partners Named UK’s Best New Building for 2018

On the 10th October 2018, the Royal Institute of British Architects (RIBA) awarded the ...



4th International Funds Summit: Panel Discussion on Latest Examples of the Use of Cyprus in the Alternative Investment Funds

The 4th International Funds Summit took place today 12th of November at the Hilton Park Hotel in Nicosia, and welcomed leading fund managers and administration ...

Anastasiades to brief National Council on Lute-Akinci meeting

The National Council, the top advisory body to the President on the Cyprus issue, convenes this morning in Nicosia, under the President of the Repubic Nicos ...

Moody’s: CBC Directive on Shell Companies Improves Anti-Money-Laundering Practices

Moody’s rating agency says that Cyprus Central Bank’s (CBC) new directive on shell companies is credit positive for Cypriot banks, because the ...

Exectus Ltd: A Complete Solution for Accounting, Auditing and Other Financial Services

Exectus Ltd announces the commencement of its operations in Cyprus from November 2018. Exectus holds the General and Audit practicing certificates from the ...

Pound Falls as Brexit Uncertainty Rises

The pound has fallen against the dollar amid political uncertainty as Prime Minister Theresa May struggles to broker an agreement on Brexit with her cabinet. ...

Alibaba Singles Day Sales Frenzy Surpasses Records

Alibaba invented the occasion to celebrate the unattached as an antithesis to the romantically involved on Valentine's Day. It is now the world's ...

Anastasiades has Brief Contacts with World Leaders in Paris

President of Cyprus Nicos Anastasiades had a series of brief contacts with world leaders in Paris, at the margins of events commemorating the centenary of the ...

US Assistant Secretary of State for Energy Resources to travel to Jerusalem, Nicosia and Cairo

The US State Department announced that Assistant Secretary of State for Energy Resources Francis R. Fannon will travel to Tel Aviv and Jerusalem; Nicosia, and ...