Cyprus Property News

• Coronavirus fears hit Cyprus property sales

  3 days ago CyprusPropertyNews

  Sales of property in Cyprus suffered a significant downturn in March as coronavirus fears hit house buyers and sellers, how long it will last...

• Construction of new homes doubles

  2 weeks ago CyprusPropertyNews

  The number of building permits authorised in December 2019 provided for the construction of more than twice as many new homes as those authorised...

• Cyprus real estate stricken by pandemic

  3 weeks ago CyprusPropertyNews

  Pundits believe that the Cyprus real estate market will suffer a significant downturn as a result of the coronavirus pandemic, which is mainly...

• €2000 demanded to correct Pissouri fake news

  3 weeks ago CyprusPropertyNews

  A Greek language newspaper has demanded two thousand Euros to publish a letter correcting a fake news story concerning the Pissouri landslide,...

• Ayia Napa Marina starting operations soon

  3 weeks ago CyprusPropertyNews

  Ayia Napa marina is in the final phase of construction and is gearing up for the start of operations with the entrance and berthing of the first...

• Cyprus property sales fall in February

  4 weeks ago CyprusPropertyNews

  Property sales in Cyprus fell by 11 per cent in February 2020 compared to February 2019 and by 7 per cent in the first two months of the year...

• Cyprus housing market set to slowdown

  29-2-2020 CyprusPropertyNews

  The housing market in Cyprus is set to slowdown in the medium term following a reduction in the number of sale contracts deposited at Land...

• Conor O’Dwyer loses Supreme Court appeal

  21-2-2020 CyprusPropertyNews

  British man Conor O'Dwyer who has fought a 15-year battle with the Cyprus justice system has failed in his appeal to the Supreme Court against the...

• Law regulating self-catering rentals enacted

  21-2-2020 CyprusPropertyNews

  The law regulating Airbnb and other self-catering accommodation rentals in Cyprus has been enacted requiring their owners to follow a set of...

• New rent law contains grey areas

  19-2-2020 CyprusPropertyNews

  Although the rent law has been changed so that tenants now have to prove they've paid the rent to be able to defend their case in court, the...

• Larnaca port and marina gets go ahead

  16-2-2020 CyprusPropertyNews

  The redevelopment of the Larnaca port and the 600-berth marina is expected to start soon following an agreement reached between Cyprus and Israeli...

• Strong growth in construction continues

  15-2-2020 CyprusPropertyNews

  The strong growth in the Cyprus construction sector continued in November with building permits authorised for the construction of 909 new homes...

• Twice as many property sales to non-EU citizens

  11-2-2020 CyprusPropertyNews

  More than twice as many property sales were made to non-EU citizens than EU citizens in January according to official statistics published by the...

• Cash-rich banks stockpiling real estate

  10-2-2020 CyprusPropertyNews

  Cash-rich banks are stockpiling properties as they turn to buy real estate linked to mortgages of defaulted borrowers as banking institutions...

• Is the Cyprus justice system broken?

  7-2-2020 CyprusPropertyNews

  Recent court cases have raised questions about the Cyprus justice system with a recent survey among Limassol-based lawyers highlighting their...

• Foreclosure warning letters on the rise

  6-2-2020 CyprusPropertyNews

  The number of foreclosure warning letters being sent by the Cyprus banks to borrowers who fail to maintain their repayments is on the rise,...

• Disappointing start for property sales

  4-2-2020 CyprusPropertyNews

  Property sales got off to a disappointing start in the first month of the new decade, but stayed ahead of the number sold in January 2017...

• Stripping citizenship of 26 investors problematic

  4-2-2020 CyprusPropertyNews

  The process of stripping citizenship from 26 foreigners who obtained Cypriot passports is proving difficult as passports for naturalised investors...

• Saudi ‘should not have been granted’ citizenship

  1-2-2020 CyprusPropertyNews

  The citizenship application of a Saudi businessman whose jet was used by President Nicos Anastasiades should have been rejected as it failed to...

• A 16-storey tower in Germasogeia

  28-1-2020 CyprusPropertyNews

  A 71.7 metre tall, 16-storey tower called 'Mandarin Park' comprising a mixed development of commercial and residential properties is to be built...