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Cyprus’ Ten Most Expensive Property Sales in January 2024

In January 2024, Cyprus saw its top ten property sales reach a total of €14.3 million, with Limassol leading the pack boasting the highest sale of €2.97 million in Potamos Germasogeias. The vibrant real estate market showcased a diverse range of highticket transactions across regions, indicating a robust start to the year in the Cypriot property landscape.

real estate fraud

Arrest for Fake Property Developer Scam

A 61yearold man was arrested in Famagusta for running a fake property developer scam, tricking a victim into paying €128,500 for homes on land he didn’t own. The police investigation exposed the fraud, leading to legal proceedings in the district court to address the deceitful scheme.

fraud embezzlement

In-Depth Look at Limassol’s Real Estate Fraud Case

A 52yearold woman in Limassol was arrested for defrauding individuals of over 430,000 euros by posing as a real estate agent and deceiving them into investing in land sales and paying for nonexistent apartment rentals. The investigation is ongoing to uncover the full extent of the fraud and authorities are urging the public to remain vigilant and report any suspicious activities.

tourism real estate

Cyprus Business Now: Weekly Wrap-Up

Cyprus Airways has launched direct flights connecting Larnaca and Brussels International Airport, increasing European connectivity and opening up opportunities for both business and leisure travelers. The mortgagetorent scheme initiated by Kedipes has seen substantial interest, offering innovative solutions to struggling homeowners and providing stability to the housing market.

significant tags: aphrodite gas field developments boost in tourism from poland

Cyprus Business Now: Weekly Wrap-Up

Cyprus’ energy sector has reached a milestone with an agreement between the government and Chevron for the development of the ‘Aphrodite’ gas field, indicating a significant advancement in the country’s energy initiatives. Additionally, the tourism sector is expected to see a boost from Polish tourists, with Deputy Minister of Tourism Kostas Koumis forecasting over 300,000 arrivals in 2024.

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