The home price index rose a quarterly 0.3% to 73.5 in October to December last year but fell an annual 0.9%, the Central Bank of Cyprus said.

Limassol is set to get twin towers with the ambitious project to take place in the city’s coastal road and a deadline set for December 2020.

The Environmental Committee has given the green light for the construction of two new hotels in Ayia Napa in a bid to attract quality tourism.

With the countdown well underway to Total’s first well, a hydrocarbons expert has dubbed the outcome as make or break for the gas potential of Cyprus’ offshore carbonate formations next to Egypt’s super-giant Zohr reservoir, just a stone’s throw away to the south.

With more than 50 projects under construction in the districts of Pafos and Limassol, Aristo Developers adds Citygate Residences – a new, modern development in Mesa Geitonia, one of the most privileged and sought-after areas of Limassol, to its vast collection.

Cyprus’ trade deficit widened in the first four months of the year to below €1.7bn compared to €735.6m in the respective period of 2016, the statistical service said.

Cyprus GDP in absolute prices amounted to €4.42 billion in the first quarter of 2017 according to figures released recently by the Cyprus Statistical Service (Cystat).

Cyprus has signed the OECD multilateral treaty on double taxation, known as Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS).

Investors from Russia and the Arab countries are emerging as land developers in the Cypriot real estate sector, Chairman of the Cyprus Real Estate Agents Association Marinos Kynegirou has told the press.

The area and value of projects that secured a building permit in the first quarter rose to 298,121 square metres and €315.8m respectively, in both cases 29% higher compared to the respective period of 2016, the statistical service said.