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About Prime Property Group

Prime Property Group is one of the most prestigious and experienced property specialists dealing exclusively throughout Cyprus.

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To be better! Not just better than any other property company, but better than we ourselves were yesterday. Better, through the respect and integrity shown towards our clients.

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  • 26.04.2016

    International rating agency Fitch Ratings has recently affirmed the long-term credit rating of Cyprus to B+, with a positive outlook, but warned that banks still remain weak and pose some risk to the economy and public finances. According to the information presented by “Cyprus Property News”, Fitch Ratings said that “Cyprus is undergoing a major financial sector, fiscal, and economic adjustment following the 2013 banking sector crisis and the ensuing EU/IMF bail-out program.  The country’s early exit from the macroeconomic adjustment program in March 2016 reflects a track record of fiscal consolidation, progress in financial sector restructuring and economic recovery”.

  • 19.04.2016

    According to the latest official figures issued by the Department of Lands & Surveys, the number of property sales in Cyprus during March 2016 increased by 19 per cent compared with March 2015. What is more, the 19% increase in March follows a 54% increase in February and a 2% increase in January. As the number of property sales continues to rise, it gives the impression that a recovery in the property market may be under way after years of decline.

  • 18.04.2016

    New investment in the Larnaca region is in the news yet again with the disclosure by the Minister of Transport that proposals for the development of the old Larnaca Airport site are under consideration, in collaboration with Hermes Airports Limited who is the current airport operative. The company operates under a concession agreement with the Republic of Cyprus with a fifteen year term still to run. According to the minister, the interested parties in the bidding process are from three groups of international entities. The proposals included a combination of shops, a hotel and exhibition space or other such facilities in keeping with the possibilities for this type of building space. Mr Demetriades said that he hoped agreement could be reached for a project that would be of economic help to the local area. He said that negotiations had started and the successful bidders would be selected in the coming months.

  • 13.04.2016

    Another positive sign for the economy of Cyprus has been seen so far this year. A significant increase in the number of applications for registration of new companies was recorded in March. According to the data provided by the Department of the Registrar of Companies and Official Receiver (D.R.C.O.R.) of the Republic of Cyprus, the number of applications for registration of a new company increased in March 2016 by 23% compared to March 2015.

  • 11.04.2016

    The Cyprus Tourism Organisation is predicting record levels of visitors to the island in 2016, whilst hoteliers have declared themselves satisfied with the level of bookings for the coming season. After a period of stasis, the numbers of arrivals from the main markets such as the United Kingdom (U.K.) and Russia are showing an upward trend, according to an announcement made at the Annual General Meeting (AGM) of the European Hotel Managers Association (EHMA). The EHMA 43rd AGM is being held in Limassol 7th – 10th April 2016 for the first time, and offers the chance for local hoteliers to accent Cypriot hospitality and culture to the 200 visiting participants. 

  • 08.04.2016

    When the twelve winners of the 2016 European Union Prize for Literature (EUPL) were announced on 6th April, by the Commissioner for Education, Culture, Youth and Sport, Cypriot lawyer and author Antonis Georgiou was one of those named. EUPL is intended to acknowledge emerging and new authors, to foster better understanding between nations and individuals and to assist the authors to reach new markets outside their homeland. In pursuit of these aims the commissioner said they would continue to support the translation, publication and sale of foreign literature. Mr Georgiou, who, apart from studying law, also has an MA in theatre studies, has written short stories, poems and plays as well as a book entitled “An Album of Stories”. The awards presentation in Brussels is scheduled for 31st May 2016 during a ceremony at Concert Noble.