Cyprus Property News

• Chinese investors moving beyond citizenship scheme

  7 hours ago CyprusPropertyNews

  Although initially attracted to Cyprus by the 'citizenship by investment' scheme, a banking source has said that we are seeing a decline in...

• More work needed on Ayia Napa marina

  4 days ago CyprusPropertyNews

  Although progress with the construction of the Ayia Napa marina is moving ahead as planned, it seems that more time may be needed to complete some...

• Moody’s warns foreclosure law bad for banks

  5 days ago CyprusPropertyNews

  Moody’s rating agency has warned that changes to the foreclosure law will lengthen the time it takes for banks to foreclose on properties making...

• Larnaca marina faces legal challenges

  6 days ago CyprusPropertyNews

  Legal action against the government's decision to award contracts for the Larnaca marina and port to be developed by an Israeli consortium have...

• Foreclosure changes may have consequences

  1 week ago CyprusPropertyNews

  The Finance Minister has warned that Cyprus may face consequences over changes to the foreclosure legislation passed by parliament on Friday and...

• Non-EU citizens residence permits

  1 week ago CyprusPropertyNews

  In 2017, Cyprus granted residence permits to 18,971 non-EU citizens, according to figures published by Eurostat on Monday, with the majority being...

• Planning issues the victim has to pay

  1 week ago CyprusPropertyNews

  The amendments to the Trapped Buyers law approved by parliament will hopefully help many more property buyers get their Title Deeds, but planning...

• Trapped buyers bill changes approved

  1 week ago CyprusPropertyNews

  The revised 'trapped buyers' bill designed to overcome the problems of the current law has been approved unanimously by MPs, but legal services...

• MPs freeze foreclosures despite warnings

  1 week ago CyprusPropertyNews

  Despite MPs being warned that changing the foreclosures legislation would have negative repercussions on the banks and the economy, MPs have voted...

• Massive rise in new home construction

  1 week ago CyprusPropertyNews

  The number of building permits authorised for the construction of new homes in Cyprus during May 2019 was a mere 41 fewer than the total number...

• House prices up 0.8 per cent in Q1 2019

  1 week ago CyprusPropertyNews

  The Cyprus house price index (HPI) rose by 0.8 per cent in the first quarter of 2019 and by 4.3 per cent on an annual basis according to a...

• New trapped buyers bill vote tomorrow

  1 week ago CyprusPropertyNews

  A revised 'trapped buyers' bill designed to overcome the problems of the current law, which was introduced in 2015, and enable thousands of...

• Paphos marina to have cruise ship facilities?

  2 weeks ago CyprusPropertyNews

  A proposal to look at the possibility of including cruise ship facilities as part of the proposed Paphos marina at Kissonerga Potima Bay was given...

• Larnaca new high-rise tower projects

  2 weeks ago CyprusPropertyNews

  In Larnaca, some 20 – 30 high-rise residential developments and hotels ranging from 10 to 30 stories are in the pipeline with construction...

• Cyprus property construction costs

  2 weeks ago CyprusPropertyNews

  The Cyprus Statistical Service (CySTAT) has just published a report detailing the construction costs of Cyprus property, including houses,...

• Cyprus NPL ratio second highest in EU

  2 weeks ago CyprusPropertyNews

  The Cyprus banks have the second highest Non-Performing Loan (NPL) ratio in the European Union after Greece, according to the European Banking...

• Banks buying properties failing to sell at auctions

  2 weeks ago CyprusPropertyNews

  The banks have bought nearly 650 properties that failed to sell at the first round of auctions since the start of 2018 according to information...

• EDEK wants to freeze all repossessions

  2 weeks ago CyprusPropertyNews

  Political party 'Movement of Social Democracy' (EDEK) is planning to table proposals to freeze all repossessions by the banks as an extra...

• Cyprus property sales fall in all market segments

  2 weeks ago CyprusPropertyNews

  The 17 per cent reduction in Cyprus property sales during June was due to a slowdown in all segments of the market according to official figures...

• MPs in new bid to help trapped buyers

  2 weeks ago CyprusPropertyNews

  A revised draft bill to help trapped buyers to finally get the Title Deed for the property they purchased will go before the House Legal Affairs...