Anisur Rahman’s tragic fall from a unsafe Limassol apartment during a police raid has sparked questions about landlord accountability and tenant safety. Calls for stricter property safety regulations and oversight are being made in the wake of this incident, raising concerns about the balance between growth and safety in Limassol’s property market.
Property sellers in Cyprus are facing challenges with elusive buyers who fail to meet contractual obligations, leaving sellers in legal and financial distress. Developers are left in limbo, bearing taxes and expenses while awaiting property transfer, exacerbating the financial strain on their businesses.
REALTYon, the Cyprus Property Event, is set to return from July 34, 2024 at the City of Dreams Mediterranean Integrated Resort, boasting an expanded lineup of exhibitors and networking opportunities. The event promises a grand spectacle with over 20 new exhibitors and 1,000 additional attendees, making it the ultimate hub for property enthusiasts and industry leaders in Cyprus.
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.
Tensions are rising in the northern Cyprus property market due to targeted campaigns against the region’s real estate industry, which Turkish Cypriot ‘Prime Minister’ Unal Ustel believes are orchestrated by the Greek Cypriot lobby. This has resulted in political discontent, accusations of biased reporting, and increased foreign investment, leading to legislative responses and national security inquiries from Turkish officials.
