President meets real estate developers, housing schemes on agenda

President meets real estate developers, housing schemes on agenda

President Nikos Christodoulides chaired a meeting on Monday at the presidential palace with a delegation from the Cyprus Property Developers Association. According to an official announcement, the president began the meeting by outlining the various issues to be discussed, concerning both government actions and the association itself. Moreover, he “expressed his gratitude to the association for its cooperation […]

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Paphos emerges as top spot for high-end homes

Paphos emerges as top spot for high-end homes

Cyprus housing prices rise in first quarter Paphos has emerged as the strongest performer for high-end houses in Cyprus’ residential property market, according to a report released on Monday by Landbank Analytics. The analysis was based on sale contracts filed with the department of lands and surveys. It included a breakdown of average prices for newly […]

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Driving the Future: ASEAN’s EV Ambitions Powered by Semiconductor Integration

Driving the Future: ASEAN’s EV Ambitions Powered by Semiconductor Integration

The rise of electric vehicles (EVs) is transforming the global automotive industry, driving an unprecedented demand for high-performance semiconductors. As ASEAN positions itself as a regional hub for EV production and battery manufacturing, it faces a strategic opportunity: integrating its expanding semiconductor capacity with the EV value chain to establish the region as a cornerstone […]

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Foreign buying frenzy hits Cyprus

Foreign buying frenzy hits Cyprus

Data furnished recently by the government lends weight to the notion that the purchase of real estate by foreigners continues on an upward trajectory, with some speculating that it’s driving up property prices – especially in places like Limassol. Greeks, Russians, Brits, Israelis and Chinese buyers feature heavily on the property market. The information was […]

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India’s drone power lands in Cyprus

India’s drone power lands in Cyprus

Indian business interest in Cyprus is gaining momentum, with drone tech leader Drone Destination planning to set up shop on the island. The company’s billionaire founder, Alok Sharma, is looking to make Cyprus a launchpad for expanding into European and Middle Eastern markets. Sharma, who heads India’s leading drone training and services company based in […]

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Larnaca gets realty buyers’ attention

Larnaca gets realty buyers’ attention

Larnaca is quickly becoming one of Cyprus’ hottest property markets, with demand and prices for newly built homes climbing sharply in early 2025. According to data from Landbank Analytics, Larnaca saw the second-highest increase in average sale prices for new houses in the first quarter of the year. Prices jumped by over 21% year-on-year, rising […]

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Cera gives green light for electricity storage facilities 

Cera gives green light for electricity storage facilities 

The energy regulatory authority (Cera) has approved in principle an application from the Cyprus Transmission System Operator (TSO) to develop energy storage systems, it emerged on Friday.  The request was submitted after parliament passed a harmonisation bill submitted by the government.  Cera’s decision allows the TSO to temporarily own, develop, manage and operate energy storage facilities.  The decision provides […]

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Invest Cyprus hails new drone hub project by Indian company

Invest Cyprus hails new drone hub project by Indian company

Invest Cyprus on Friday issued a statement welcoming the decision by India’s Drone Destination to establish its European subsidiary in Cyprus. The agency, tasked with driving investment to the island, described the move as a significant step in strengthening economic ties between Cyprus and India. The Indian company, which specialises in drone technology and training and is listed on NSE […]

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