Cyprus Property News

• Banks helped by increased building permits

  6 days ago CyprusPropertyNews

  Although Cypriot banks continue to face significant asset quality challenges, a sustained increase in demand for building permits would improve...

• Cyprus real estate market review

  1 week ago CyprusPropertyNews

  PwC (Cyprus) has published "Cyprus Real Estate Market – 2016 Year in Review", which provides a general overview of the Cyprus property sector...

• Pissouri homeowners still in limbo

  1 week ago CyprusPropertyNews

  Property owners in the Limnes (lakes) area of Pissouri are still in limbo despite the previous Cyprus Interior Minister promise to pay for the...

• Vote imposing VAT on land sales postponed

  1 week ago CyprusPropertyNews

  A vote by the Cyprus government on a bill to impose 19 percent VAT on land sales (building and development plots) has been postponed until...

• New home building permits up 44%

  1 week ago CyprusPropertyNews

  The number of new homes in Cyprus for which building permits have been issued rose by 43.8 per cent in April 2017 compared to the same period in...

• Ten years to clear Title Deed backlog

  1 week ago CyprusPropertyNews

  At the current rate of Title Deed issuance it would take approximately ten years to address the backlog according to the spring 2017 issue of the...

• Limassol upcoming skyline fears

  1 week ago CyprusPropertyNews

  Limassol's construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape,...

• June property sales up 28 per cent

  2 weeks ago CyprusPropertyNews

  The number of properties sold in Cyprus during June rose 28 per cent compared to June 2016 with sales increasing in all districts with the...

• Limassol becoming a sky-rise bubble?

  2 weeks ago CyprusPropertyNews

  Referring to Limassol as "the bubble of towers" Politis suggested that the uncontrolled vertical development is causing headaches to town...

• Hellenic Bank sells non-performing loans

  2 weeks ago CyprusPropertyNews

  The Hellenic Bank has sold its non-performing loan (NPL) and real estate management business, to APS Debt Servicing Cyprus Ltd, a member of the...

• Cyprus ‘well prepared’ for skyscraper disasters

  3 weeks ago CyprusPropertyNews

  The Cypriot authorities have assured that fire safety measures are in place to tackle skyscraper disasters following concerns arising from the...

• Contract signed for Cyprus casino resort

  3 weeks ago CyprusPropertyNews

  Earlier today a landmark deal for Europe's largest casino was signed between the gaming authority and the Melco Hard Rock consortium at the...

• Reprieve for trapped buyers

  3 weeks ago CyprusPropertyNews

  The Cyprus government has vowed to continue issuing Title Deeds to trapped buyers despite the recent court rulings that left them in legal limbo...

• How many trapped buyers?

  4 weeks ago CyprusPropertyNews

  Earlier today the Greek language newspaper Χαραυγή (Daybreak) published statistics on the number of trapped...

• Trapped buyers (update 2)

  19-6-2017 CyprusPropertyNews

  The House Legal Affairs Committee is meeting today in efforts to resolve constitutional issues with the trapped buyers law. Meanwhile here is...

• Land values also recovering

  18-6-2017 CyprusPropertyNews

  As home prices enter recovery, so do land values, particularly in Limassol which has already attracted property developers from other coastal...

• Fight for justice in Pissouri ordeal

  18-6-2017 CyprusPropertyNews

  British High Commissioner, Matthew Kidd, visited affected residents in the devastated Limnes (lakes) area of Pissouri and is reported to have said...

• Trapped buyers update

  16-6-2017 CyprusPropertyNews

  The House Legal Affairs Committee is meeting today in efforts to resolve constitutional issues with the trapped buyers law. Meanwhile here is...

• Property prices rising says Central Bank

  12-6-2017 CyprusPropertyNews

  Cyprus property prices rose by 0.3 per cent over the fourth quarter of 2016 but fell 0.9 per cent over the year according to the Residential...

• Overseas Cyprus property sales rocket

  12-6-2017 CyprusPropertyNews

  The surge in Cyprus property sales in May that we reported last Thursday was helped significantly by a more than three-fold increase in sales to...