In an exclusive editorial, Economy Today reports that a landmark transaction that reshapes the Cypriot real estate landscape, Columbia Group has finalised the acquisition of the iconic Secret Valley, formerly known as Venus Rock Golf Resort, for a record-breaking sum in excess of €130 million. This represents the largest property sale ever recorded on the The post Record property sale in Cyprus’ history at €130 million+ appeared first on Cyprus Property News.

In a significant move, the House Plenum in Cyprus has unanimously passed a new law aimed at helping thousands of so-called ‘Trapped Buyers’ finally obtain the title deeds to properties they’ve fully paid for after waiting for years. This long-awaited legislation marks a major turning point in a saga that has impacted nearly 10,000 property The post New law offers hope to Trapped Buyers in Cyprus appeared first on Cyprus Property News.

Cyprus has taken a bold step towards transforming its urban landscape, following the approval of a landmark bill by Parliament on Thursday. The newly passed legislation on urban development zones is set to unlock long-idle land for construction, while tackling the problem of urban sprawl. The Interior Ministry welcomed the new law as a pivotal The post Cyprus passes landmark urban land reform law appeared first on Cyprus Property News.

In recent times much has been written about the housing crisis in Cyprus and how it affects young people in particular, with growing numbers unable to afford to buy or rent decent living conditions. We’ve reported on Limassolians protesting against high rents in 2018 and again in 2024. And while the Cyprus government has introduced The post Young Cypriots and EU nationals face soaring housing costs appeared first on Cyprus Property News.

AKEL has reiterated its concerns over what it calls the en masse buying up of real estate in Cyprus by non-EU nationals, particularly Israelis with ‘targeted purchases’ of land creating gated communities in Larnaca and Limassol, with the party introducing legislation aiming to curb the granting of so-called ‘golden visas’. It is the first time The post AKEL focuses on Israelis amidst Cyprus for sale fears appeared first on Cyprus Property News.