Cyprus Property News

• Estia scheme falling flat on its face

  1 day ago CyprusPropertyNews

  The Cyprus non-performing loans scheme, Estia, is probably falling flat on its face; applicants need to complete 30 pages with their family income...

• Radical justice reforms on the way

  1 day ago CyprusPropertyNews

  The government is determined to introduce radical reforms to the justice system to do away with lengthy delays and restore confidence among...

• Paphos marina may have cruise ship facilities

  2 days ago CyprusPropertyNews

  The cabinet has given the green light for a study that will look into the possibility of building facilities for cruise ships as part of a...

• Smaller rise in new home building permits

  2 days ago CyprusPropertyNews

  Building permits authorised in Cyprus during August 2019 provided for the construction of 525 new homes, compared with 453 in August 2018...

• Overseas property sales fall

  1 week ago CyprusPropertyNews

  There was an overall reduction in Cyprus property sales to overseas buyers in October, with sales to EU citizens falling by 9 per cent, while...

• Cyprus to strip citizenship of 26 investors

  1 week ago CyprusPropertyNews

  Cyprus is to strip 26 citizenships for people who obtained passports by investing including nine Russians, eight Cambodians, five Chinese, two...

• Bank foreclosure: outline of the legal framework

  1 week ago CyprusPropertyNews

  The procedure by which banks in Cyprus foreclose on property is often confusing and the law misinterpreted; Christiana Achilleos, a Senior...

• Minister downplays citizenship scheme’s value

  2 weeks ago CyprusPropertyNews

  The importance of the Cyprus citizenship by investment programme, which was introduced when the Cypriot economy was in deep recession, must not be...

• Small rise in property sales

  2 weeks ago CyprusPropertyNews

  October saw a marginal rise in Cyprus property sales compared to the corresponding month last year according to the latest official figures...

• Fugitive businessman holds Cyprus passport

  2 weeks ago CyprusPropertyNews

  Fugitive businessman Low Taek Jho, who holds a Cypriot passport and citizenship, has been described as a Malaysian conman sought by the...

• ESTIA debt relief scheme failing big time

  2 weeks ago CyprusPropertyNews

  With only 3% of loan defaulters applying for the government's ESTIA debt relief scheme, economics professor Stavros Zenios from the University of...

• Skyscrapers are not mushrooming says minister

  2 weeks ago CyprusPropertyNews

  Interior Minister said "Skyscrapers are not mushrooming…Cyprus won't turn into a Manhattan" on Thursday when claims that the...

• Eviction of non-paying tenants to be made easier

  2 weeks ago CyprusPropertyNews

  The eviction of tenants who deliberately fail to pay their rents or who fall into arrears should be made easier next month when amendments to the...

• New homes building permits on the rise

  3 weeks ago CyprusPropertyNews

  Building permits authorised in Cyprus during July 2019 provided for the construction of 1,028 new homes, compared with 632 in July 2018 according...

• Income tax statements mandatory for all

  3 weeks ago CyprusPropertyNews

  Every resident of Cyprus will soon have to submit an annual tax statement regardless of whether their income falls below the tax threshold of...

• Cyprus property boom is not a bubble

  3 weeks ago CyprusPropertyNews

  The Cyprus Finance Ministry says that the boom in the Cyprus property market is not a bubble but acknowledges that the potential large-scale...

• Citizenship scheme reaching saturation point

  3 weeks ago CyprusPropertyNews

  Cyprus' property developers and other stakeholders are concerned over the future of the construction industry as the Citizenship for Investment...

• Cyprus hoteliers cry foul over new Airbnb law

  3 weeks ago CyprusPropertyNews

  The draft bill designed to regulate rentals through online Airbnb-type platforms has come under fire from Cyprus hoteliers who claim it allows...

• Cyprus developers defend citizenship scheme

  3 weeks ago CyprusPropertyNews

  The Cyprus Land and Building Developers Association defended the citizenship scheme saying that it had contributed to the creation of tens of...

• Passports probe being expanded

  3 weeks ago CyprusPropertyNews

  In the wake of the Reuters' exposé into golden passports for the country's elite, the Cyprus government said it will carry out further...