Cyprus Property News

• Apartment prices highest in Limassol

  4 days ago CyprusPropertyNews

  A recent survey that compared apartment prices across the island concluded that the most expensive were in Limassol, followed by Nicosia, Larnaca,...

• Property sales figures can lie

  4 days ago CyprusPropertyNews

  When the Department of Lands and Surveys released data on sales contracts for January, it struck me the numbers and percentages were presented...

• Pandemic hits holiday home rental prices

  6 days ago CyprusPropertyNews

  The coronavirus pandemic has struck a blow to the market of holiday homes all across the world and Cyprus is no exception, according to Panos...

• Government extends interest rate subsidy scheme

  1 week ago CyprusPropertyNews

  The government has extended the interest rate subsidy scheme for housing and corporate loans until the end of 2021 and raised the ceilings for...

• Cyprus failing to enforce EU unfair practices laws

  1 week ago CyprusPropertyNews

  The European Commission has sent a reasoned opinion to Cyprus for failing to properly implement and enforce EU law on unfair contract terms...

• Bad bank would reduce debt mountain

  2 weeks ago CyprusPropertyNews

  Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans to focus on supporting a...

• Developers want more from residency scheme

  2 weeks ago CyprusPropertyNews

  Following the collapse of the Cyprus Citizenship for Investment Scheme, developers of large projects urge the government to make the residency...

• New property sales tax payable by the vendor

  2 weeks ago CyprusPropertyNews

  The House of Representatives on Thursday passed a law levying a 0.4 per cent tax on all sales of immovable property, the proceeds of which to go...

• NAMA Mia! Here We Go again (reprised)

  2 weeks ago CyprusPropertyNews

  The Cyprus government is looking to establish a ‘bad bank’ or NAMA (National Asset Management Agency) by transforming the Cyprus Asset...

• New home construction steadies

  2 weeks ago CyprusPropertyNews

  Despite a fall in the number of building permits authorised for building new homes in November 2020 compared to the same month in 2019, annual...

• Bills meant to help troubled borrowers withdrawn

  3 weeks ago CyprusPropertyNews

  Ruling Disy MP Averof Neophytou on Monday withdrew bills intended to provide tax relief to borrowers with non-performing loans, after it emerged...

• Plans to create ‘bad bank’ for non-performing loans

  3 weeks ago CyprusPropertyNews

  The government has set in motion plans to create a ‘bad bank’ to relieve the Cyprus banking system of an excess of Non-Performing...

• Domestic property sales hit by pandemic

  3 weeks ago CyprusPropertyNews

  Property sales to the Cypriot market fell in January compared to January 2020 according to official figures published earlier today by the...

• Do not tamper with the foreclosure law

  3 weeks ago CyprusPropertyNews

  Cyprus Central Bank governor Constantinos Herodotou on Friday warned MPs against tampering with the foreclosure law which could lead to further...

• Difficult start for 2021 as overseas sales fall

  3 weeks ago CyprusPropertyNews

  It looks as though 2021 could be a difficult year with a steep fall in property sales to the overseas market in January according to official...

• Mistakes parents make transferring property

  3 weeks ago CyprusPropertyNews

  The wealth of most Cypriots (those who still have some) is mainly made up of immovable properties and cash. So, when it’s time for them to...

• Construction sector feeling the squeeze

  4 weeks ago CyprusPropertyNews

  Following the demise of Cyprus “golden passports” scheme compounded by coronavirus the construction industry is suffering but has...

• Limni bay golf resort project cancelled

  29-1-2021 CyprusPropertyNews

  Earlier today, the company Limni Resorts and Golf Courses, part of the Shacolas Group, announced that it does not intend to proceed with the...

• Cypriot buyers only constant in property market

  26-1-2021 CyprusPropertyNews

  The repeal of the Citizen by Investment Programme (CIP), the consequences of the pandemic – economic and social – and the general prevailing...

• Cyprus to expand mortgage relief scheme

  22-1-2021 CyprusPropertyNews

  Cyprus is looking into ways of expanding a relief scheme subsidising borrowers with toxic mortgages to cover borrowers who failed to make the...