Cyprus Property News

• Construction materials prices rise 14.26%

  7 hours ago CyprusPropertyNews

  The price index of construction materials rose 14.26 per cent in October on an annual basis and 0.12% compared with September according to the...

• Bar raised for Cyprus retirees

  12 hours ago CyprusPropertyNews

  UK and other non-EU pensioners eyeing a retirement home in Cyprus are being pushed to rethink their plans as authorities raise the bar for...

• Temporary residence made harder for expats

  1 day ago CyprusPropertyNews

  Undoubtedly the law amendments on the registration and acquisition of a temporary residence permit in the Republic, published on the government...

• Golden passport trial delayed until next year

  3 days ago CyprusPropertyNews

  Four accused of selling Cypriot passports (the so-called ‘golden passports’) to dubious investors for cash were called to plead the...

• Climate change affects the property market

  1 week ago CyprusPropertyNews

  One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’, which refers to the goal of limiting the increase in...

• Hiking interest rates impact house buyers

  1 week ago CyprusPropertyNews

  The soaring cost of living and higher interest rates threaten to blow open the real estate sector’s recovery, say local stakeholders who...

• Making changes to your apartment

  1 week ago CyprusPropertyNews

  Owners of apartments in Cyprus should soon be able to make alterations to their apartment within a ‘jointly-owned-building’ without the...

• Bill to protect & prevent trapped buyers

  1 week ago CyprusPropertyNews

  Deputies on Wednesday were discussing a mechanism aimed at protecting – and preventing – trapped buyers, after Finance Minister...

• Thousands of buildings should be demolished

  1 week ago CyprusPropertyNews

  The thousands of buildings suffering from planning infringements that cannot be resolved should probably be demolished, as this is the only...

• Who will benefit from Mortgage to Rent scheme?

  2 weeks ago CyprusPropertyNews

  Potentially 4,000 households will benefit from the Mortgage to Rent scheme, the government’s latest lifeline for distressed borrowers to...

• Significant real estate repricing is coming

  2 weeks ago CyprusPropertyNews

  Real estate stocks have signalled that significant repricing is coming and the market has three big challenges ahead: Political risk due...

• No shift in house prices after rates hike

  2 weeks ago CyprusPropertyNews

  The increase in interest rates has not affected real estate price tags, as hiking construction costs and healthy investor demand looking for...

• Foreclosures freeze a ‘threat to recovery’

  3 weeks ago CyprusPropertyNews

  Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House’s decision to extend a freeze on...

• EC pushes for short-term letting regulation

  3 weeks ago CyprusPropertyNews

  The European Commission has adopted a proposal for a Regulation to enhance transparency in the field of short-term accommodation rentals and...

• House extends foreclosures freeze again

  3 weeks ago CyprusPropertyNews

  When the freeze was last extended in July this year Elizabeth McCaul (a Member of the Supervisory Board of the European Central Bank )...

• 36 per cent rise in property sales (update)

  3 weeks ago CyprusPropertyNews

  The Department of Lands & Surveys reports that 1,171 property sales contracts were deposited at Land Registry offices across Cyprus in...

• Building permits August 2022

  3 weeks ago CyprusPropertyNews

  The number of building permits authorized in Cyprus during August 2022 stood at 510. The total value of these permits reached €166.3 million and...

• Nine acquitted in golden passport case

  4-11-2022 CyprusPropertyNews

  Nine suspects in a case relating to the controversial citizenship-by-investment programme were cleared of all charges by the Larnaca criminal...

• Short-term lets must be properly regulated

  4-11-2022 CyprusPropertyNews

  The Association of Cyprus Tourist Enterprises (STEK) on Thursday issued a warning against the dangers posed by short-term rentals, saying that...

• Jointly-owned building law in committee

  4-11-2022 CyprusPropertyNews

  In June I published details of a draft jointly-owned building law designed to solve a host of serious issues with the current law...

• 36 per cent rise in property sales

  3-11-2022 CyprusPropertyNews

  The Department of Lands & Surveys reports that 1,171 property sales contracts were deposited at Land Registry offices across Cyprus in...

• Property tax law to help refugees corrected

  1-11-2022 CyprusPropertyNews

  In February 2021 the House of Representatives passed an unenforceable law levying a 0.4 per cent tax on all sales of immovable property ,...

• Larnaca port-marina project largest in Cyprus

  30-10-2022 CyprusPropertyNews

  The €1.2 billion integrated port-marina development project in Larnaca is the largest ever undertaken in Cyprus, said Transport Minister Yiannis...

• Property sales €1.65 billion in Q3

  25-10-2022 CyprusPropertyNews

  Despite the adverse economic conditions, the Cyprus real estate market saw a 34% increase in the value of property transactions in the third...

• 2,000 short term stay units register with ministry

  24-10-2022 CyprusPropertyNews

  The deputy tourism ministry said on Monday that renters operating on platforms such as Airbnb have registered about 2,000 units with the...