September 2022

Business

Solutions to the rent problem

A good effort by the Cyprus Land Development Organisation (ΚΟΑG) to offer properties for rent (residential) at affordable levels. The announcement by this organisation and Limassol municipality to help lower income groups face in paying rent is noteworthy, although the supply to be provided is not enough to address the problem. In addition to the above effort, we had previously suggested our own thoughts on the

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Business

Property developers scramble to meet demand as Limassol leads the way.

The high demand in the Cypriot real estate sector is in the process of being met with numerous high-value investments, with the Limassol district taking the lion’s share, the Council for Registration of Real Estate Agents said on Thursday. “The dynamic momentum that has developed in Limassol’s real estate sector continued unabated during the second quarter of 2022,” the council said, noting that Limassol accounted for

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