The Deputy Ministry of Tourism of Cyprus reports a growing market for short-term rentals. This market is regulated, and listing on online platforms requires obtaining a license. Penalties are provided for violators. According to Marios Tsanakas, a representative of the Deputy Ministry of Tourism, there are currently over 6,700 self-catering accommodations in Cyprus capable of accommodating over 30,000...
On February 21, the Cabinet of Ministers of the Republic of Cyprus approved seven measures to support the population and businesses in the fight against inflation. 60 million euros will be allocated from the state budget for this purpose. President of the Republic Nicos Christodoulides announced the decisions in a televised address to the nation. The measures include: Extension of the...
The European Commission's Directorate-General for Competition has approved the Cypriot government's plan to subsidize the interest rate on housing loans. The program will provide support to families with an annual income of less than €50,000 who took out a mortgage between January 1, 2022 and December 31, 2023 for an amount not exceeding €400,000. The subsidy will cover 50% of the increase in the...
Step back in time and experience the evolution of motoring at the Cyprus Historic and Classic Motor Museum in Limassol. This unique museum houses a collection of over 240 vintage cars, taking visitors on a journey through more than a century of automotive history. A treasure trove of automotive history From the moment you step through the doors of the museum, you are transported to a bygone era. The...
Cyprus, an island that was the center of various ancient civilizations, is an open-air museum in itself. But this is not a reason to neglect visiting traditional exhibition buildings. We have collected five museums where you can spend your time with interest and benefit. And they are not only about ancient culture. Cyprus Police Museum, Nicosia The Cyprus Police Museum is located at the intersection...
The government of the Republic of Cyprus will cover half the cost of building, buying, or renovating real estate. The benefits will be provided through a new state program to support the population. Married couples, singles, and young families (spouses under 41) will be able to receive a subsidy for the purchase of housing. The program will be launched in the first quarter of this year and will last for...
Golf-anchored resort developments have become one of the clearest signals of investor confidence in Cyprus real estate, with several major projects around Limassol now delivering completed villas and apartments after years of construction. This guide covers the current status of Cyprus's leading golf resorts, what they mean for the surrounding property market, and where golf-adjacent real estate fits in a...
Looking for a scenic and easy hike to enjoy with your family? Look no further than the Vateri Nature Trail in Kakopetria, Cyprus. This short, one-kilometer trail is perfect for families with young children, as it is relatively flat and easy to walk. The trail winds along the west bank of the Klarios River, and while it is not particularly challenging, it is still very scenic. The area is lush with...
Cyprus is a land of rich history, stunning natural beauty, and, of course, delicious wine. While many flock to the popular tourist destinations of Paphos and Ayia Napa, those seeking a more authentic and immersive experience should venture off the beaten path to the village of Vasa Kilaniou. Nestled in the foothills of the Troodos Mountains, just a short drive from Limassol, Vasa Kilaniou is a...
Nicosia, Cyprus. For the sixth consecutive year, Nicosia has been included in fDi Intelligence’s European Small Cities of the Future ranking. This year, the capital of Cyprus claimed the top spot in the Human Potential and Lifestyle category, highlighting its attractiveness as a small city for education, work experience, and career growth. fDi Intelligence is a specialist division of the Financial...
