Bank of Cyprus announced that it has reached an agreement to sell more than 14,000 loans of €2.8 b (of which €2.7 b relate to NPLS) and secured by real estate collateral to Apollo Global Management for a gross cash consideration of some €1.4 b.
Property transactions rose in July,the highest since December, mainly on a strong performance of the real estate market inall cities, the Department of Lands and Surveys said.
The number of properties in Nicosia that changed owners rose 42 per cent las
A lot of development is taking place in Larnaca the last couple of years ,making it the right place to invest.
There are five new small boutique hotels recently erected, which coupled with the Ayios Lazaros square and the renovation of old buildings and
Our website offers a wide range of houses for rent in Larnaca. Call +357 24650384 to arrange a meeting with one of our real estate agents in Larnaca. Larnaka, which was initially known as Kition, is the oldest living city of Cyprus. Legend has it that Noah’s grandson Khittim founded the first settlement. Unlike other ancient cities of Cyprus, which were abandoned by their inhabitants, Larnaka has continuously been inhabited since the city was founded 6000 years ago.
Being in the crossroad of civilization from the early dawn of history, Larnaka has attracted many visitors. Some came as colonizers or traders, while others were invaders, conquerors or tourists. Some of the nations that passed through Larnaka include the Greeks, Persians and Egyptians as well as the Romans, the Byzantines, the Franks, the Venetians, the Turks and the British. Today all the three million travellers and tourists that enter Cyprus from the city’s Airport, Port and Marina visit Larnaka.
The Mycenaean Greeks established the Kition City Kingdom in the 13th century. At the time, the city thrived, as it was a copper trade hub as well as home to a rich port. Recent excavations have revealed the city’s Cyclopean walls and a number of Mycenaean temples. The city’s fortified port and shipyards are of a later period. Larnaka is also the birthplace of philosopher Zenon who taught in Athens in the 4th century BC. The Byzantine period was one of the most culturally rich epochs of the city as multiple monuments were built which still stand today such as the 9th century AD Basilica of Saint Lazarus. The town regained its standing during the Ottoman rule when it became the diplomatic and commercial centre of the island. The British, who entered the island from Larnaka, ruled from 1878 to 1960. The recent history of the town follows the very fast development of all of the country. In 1973, the population of Larnaka was 22.000.
In 1974, Turkey invaded Cyprus and the Turkish army displaced by force about 200.000 Greek-Cypriots, the inhabitants of its Northern part. Larnaka welcomed over 40.000 refugees, thus tripling its population overnight, now at 65.000.