Parliament is set to pass an amendment to the rent control law next month that would make it easier for landlords to evict tenants who fall into arrears or deliberately don’t pay. Landlords will no longer be obliged to provide evidence that tenants are inconsistent towards their rent obligations, which made eviction of occupants, a … Continue reading EVICTION OF NON-PAYING TENANTS TO BE MADE EASIER IN CYPRUS
Larnaca’s Metropolis Mall has secured all the necessary licences and its construction is about to begin. South African development company Acsion Ltd is behind the 40,000 square metre shopping centre while ‘Iacovou Brothers’ is responsible for the project’s construction. Both the local authorities as well as Acsion Ltd have confirmed the latest developments. The Group … Continue reading CONSTRUCTION OF FIRST MALL IN LARNACA ABOUT TO BEGIN
The Cyprus Investment Promotion Agency (Invest Cyprus), recently held a business breakfast for the Indian companies operating in London. The business breakfast falls within the scope of Invest Cyprus’ mission to promote Cyprus as an investment destination and business hub, as well as the Agency’s broader effort to capitalise on the opportunities that arise from … Continue reading INDIAN BUSINESSES INTERESTED TO INVEST IN CYPRUS
Lanomex Co Ltd, the company behind “Larnaca Tower” project in the area of Finikoudes in Larnaca, has submitted the final environmental report to the Environmental Department for the erection of the two impressive towers that will transform Larnaca Real Estate & Development. One of the two multi-storey buildings of the already known project will operate … Continue reading LARNACA 30 FLOOR TOWER COMING SOON
In the recent years Cyprus has become by far one of the most attractive destinations for property investment in the Mediterranean region. Although the real estate industry in Cyprus was negatively affected by the global financial crisis and the domestic banking crisis between the years 2008 and 2015, it has successfully spiraled out of the … Continue reading CYPRUS REAL ESTATE: STILL AN ATTRACTIVE INVESTMENT?