News | Patroclos Group of Companies

29 Aug 2023

The development of the Port and Marina of Larnaca, sets sail for the acquisition of the first five buildings of its facilities.

In a dynamic move to drive economic growth, machines are slated to be in full swing from the upcoming year for the execution of the first phase of the €1.2 billion investment in the Larnaca port and marina project. The visionary behind this endeavor, Panos Alexandrou, CEO of Kition Ocean Holdings, recently shared insights into the project's progress and potential.

21 Aug 2023

Surging Real Estate Sales in Cyprus: A 27.4% Growth Amidst Shifting

The real estate market is a reflection of economic dynamics, societal shifts, and external factors. In Cyprus, the year 2022 witnessed a remarkable surge in residential property sales, marking a staggering growth of 27.4% compared to the preceding year, 2021. [1]

28 Jul 2023

Real Estate Investing in Larnaca: Unlocking Opportunities for Investors

Investing in real estate has always been an attractive avenue for individuals looking to grow their wealth and secure a stable financial future. In recent years, the city of Larnaca in Cyprus has emerged as a promising destination for real estate investors. With its strategic location, thriving economy, and diverse property market, Larnaca offers a range of opportunities that can yield profitable returns.

21 Jul 2023

The Rise of Residential Property Prices in Q4 2022

The real estate market in Cyprus continues to experience upward momentum, with residential property prices showing a notable increase in the fourth quarter of 2022. According to the Central Bank of Cyprus (CBC), the Residential Property Price Index (RPPI) rose by 6.6% compared to the same period of the previous year[1]. This growth indicates a positive trend in the housing market and highlights the ongoing demand and rising construction costs that contribute to the appreciation of property values.

14 Jun 2023

Cypriot Economy Shows Resilience with growth leaving EU behind

The Cypriot economy continues to showcase its resilience, maintaining strong momentum in the first quarter of 2023. Real GDP recorded an impressive annual growth rate of 3.4%, positioning Cyprus as the second-highest performer within the EU.

09 Jun 2023

Growing Demand for Private Education Institutions in Limassol

Cyprus is experiencing a remarkable surge in the demand for private education institutions to cover the gap created by the descent of foreign companies and other professionals in Limassol. This created exciting opportunities for private schools and universities to flourish in the country's educational landscape.

02 Jun 2023

Celebrating the Joyous Kataklysmos Festival in Larnaca

Larnaca, a coastal city in Cyprus, is getting ready to host the highly anticipated Kataklysmos Festival, a vibrant celebration deeply rooted in tradition and folklore. This unique event brings together locals and visitors to immerse themselves in a festive atmosphere filled with music, dance, and exciting activities.

31 May 2023

Robust Growth in Property Sales by 32% in March 2023

The real estate market in Cyprus is witnessing a robust upswing, as recent data from the Department of Land and Surveys reveals a significant increase in property sales across the country. March 2023 recorded a remarkable surge of 23%, with 1,352 transactions compared to 1,102 in the same month of the previous year.

24 May 2023

Carisa Amaris Residences - New Project Under Study

Carisa Amaris Residences in Nicosia will consist 4 floors and 11 apartments of 1, 2 & 3 bedroom.

17 May 2023

Cyprus Revises Foreign Residency Rules: Key Changes

The Republic of Cyprus has recently revised its foreign residency rules to attract more international investors and talented individuals to Cyprus, in turn, boosting the local economy.

05 May 2023

Larnaca, Cyprus - A new Era of Education and Development

Larnaca, is taking a major step forward in terms of education and development with the announcement of a new university and school. The Mayor of Larnaca, Andreas Vyras, made the exciting announcement that the city is set to have its own university and school, which will cater to the needs of the growing population and provide quality education to students from all over the island.

28 Apr 2023

Cyprus Soars Ahead: Outpacing Euro Area Growth in 2023

Cyprus is set to outpace its neighbors in terms of economic growth, according to recent data from the European Commission. With its strategic location, skilled workforce, and favorable business climate, Cyprus will become a major player in the region's economy.