Insider Business New properties auctioned all the time

New properties auctioned all the time

Banks and asset management companies have put on the market new plots of land, offices and shops throughout Cyprus with prices ranging from a few thousand to millions.

In fact, Altamira which manages the non-performing loans of the collapsed Cyprus Co-op bank had a total of 155 plots of land up for sale last week, alone. The prices ranged from €19,000 to €100,000.

APS which manages Hellenic Bank’s non-performing loans has a list of properties which are as small as narrow strips of land ranging from €350 to €2,500 to luxury apartments and development projects for big investors.

And Bank of Cyprus’ REMU (real estate management unit) has up for sale a multiple-use building right on Acropolis Avenue in Nicosia at the price of €410,000. Plus, an office on Makarios Avenue in Nicosia at the price of €475,000, two stores on Makarios Avenue priced at €1,235,000, and twelve fields at Fasouri area, Limassol, at the opening price of €2,500,000.

REMU also has another 37 fields at Fasouri area at the total price of €5,850,000. In addition, a plot of land at Trahoni area is sold for €4,800,000 and another at Asomatos area for €1,200,000. As well as four plots at Akrotiri, Limassol, at the opening price €580,000.

At the same time, Altamira had residential plots of land for sale within the Nicosia district last week. Prices started from €19,000. Also, a  residential plot at Kalo Chorio Orini at the opening price of €24,000,  and a plot of land in Ayios Trimithias, Nicosia, at the opening price of €25,000.

Properties that stand out in other districts of the island includes a residential plot in Mazotos, Larnaca, with an opening price of €36,000. And in Limassol, at Pera Pedi village area, there is a residential plot of land as big as 401 square metres up for sale at the opening price of €37,000.


Read more:

Top Stories

Economic sentiment in Cyprus drops in October

Economic sentiment has decreased in October, according to a monthly indicator by the University of Cyprus' Economic Research Centre released on Tuesday. It went down...

Warning over high concentration of dust in the air

High concentration of dust is observed in the air on Tuesday, according to measurements from ground Stations of the Air Quality Monitoring Network operated...

Greek navy vessel, container ship collide off Piraeus port

A Portuguese-flagged container vessel collided with a Greek navy minehunter off the Greek port of Piraeus early on Tuesday, authorities said. TV images showed the...

Supporting or opposing Amy C. Barrett for the Supreme Court

An activist supporting the nomination of Amy Coney Barrett to the Supreme Court prays as counter protesters stand at the Supreme Court in Washington,...

Tonnes of carob stolen from Limassol Co-op carob warehouse

A total of 35 tonnes of carob were stolen from the Limassol Co-op carob warehouse, Philenews reported on Tuesday. Police also said the theft was...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...