Cyprus Property News

• Property sales slump 20 per cent

  3-12-2020 CyprusPropertyNews

  Following the termination of the Citizen-by-Investment (aka Golden Passport) scheme at the start of the month in the aftermath of Al Jazeera...

• Larnaca port and marina is a mammoth project

  3-12-2020 CyprusPropertyNews

  Following a three-year international public tender procurement, the Republic of Cyprus reached an agreement in March with a consortium known as...

• Silver medal for residence permits

  30-11-2020 CyprusPropertyNews

  Cyprus finished in the silver medal position for issuing the second highest number of first residence permits to non-EU citizens in the 27 EU...

• Cyprus house prices rise despite pandemic

  25-11-2020 CyprusPropertyNews

  House prices continued their upward trend in the second quarter of 2020, recording a quarterly increase of 0.9% from an 0.4% rise in the first...

• Limassol the most popular spot for overseas buyers

  23-11-2020 CyprusPropertyNews

  Limassol, arguably the most cosmopolitan and vibrant coastal city in Cyprus and its environs, has become the most popular destination for overseas...

• Lazy Brits told to get their papers

  22-11-2020 CyprusPropertyNews

  Lazy British expats or those with a fear of government offices have been chided by the British High Commission for not getting their residency...

• The bottom has fallen out of luxury real estate

  18-11-2020 CyprusPropertyNews

  Luxury real estate may see a dramatic downturn next year, as the Cyprus Investment Program is no longer available to foreign investors, plus the...

• Golden passports scheme ‘irrevocably terminated’

  17-11-2020 CyprusPropertyNews

  The controversial Citizenship-by-Investment (CBI) scheme is “definitively and irrevocably terminated”, Interior Minister Nicos Nouris...

• Conor O’Dwyer arrested outside AG’s office

  17-11-2020 CyprusPropertyNews

  A British man who has been involved in a long and exhausting property dispute in Cyprus that lasted over 15 years, was arrested on Monday...

• Sharp rise in new homes construction

  15-11-2020 CyprusPropertyNews

  There was a sharp rise in the number of building permits authorised in August for the construction of new homes according to official statistics...

• Larnaca port & marina project gets green light

  13-11-2020 CyprusPropertyNews

  Cabinet on Friday gave the green light for the signing of the contract for the redevelopment of Larnaca port and marina, a project estimated at...

• Property sales top 1,000 in October

  4-11-2020 CyprusPropertyNews

  Cyprus property sales rose 31 per cent in October compared to October 2019 according to the Department of Lands & Surveys, but we expect many...

• Investors rush to meet citizenship deadline

  29-10-2020 CyprusPropertyNews

  Days before Cyprus’ Citizenship by Investment Programme is set to go offline, interior ministry officials and paralegals kicked things into...

• EU citizenship must not be for sale

  23-10-2020 CyprusPropertyNews

  EU citizenship must not be for sale was the key message from European Commissioner for Justice Didier Reynders, speaking at the European...

• EC opens infringement for “selling” citizenship

  21-10-2020 CyprusPropertyNews

  Today, the European Commission is launching infringement procedures against Cyprus and Malta by issuing letters of formal notice regarding their...

• New homes construction recovering

  21-10-2020 CyprusPropertyNews

  The number of new homes for which building permits have been issued so far this year, which suffered during the COVID-19 lockdown, have recovered...

• Giovanis’ Sun City project possible illegalities

  20-10-2020 CyprusPropertyNews

  The Sun City project in Ayia Napa, in which the former Akel deputy Christakis Giovanis’ Giovani Group is involved, is facing allegations of...

• Cyprus in hot water over ‘golden passport’ scheme

  20-10-2020 CyprusPropertyNews

  The EU said it will begin legal action against Cyprus and Malta over their controversial “golden passport” schemes for foreign investors, which...

• Lack of transparency helps corruption spread

  20-10-2020 CyprusPropertyNews

  The entrapment video by the sensationalist broadcaster Al Jazeera may have disturbed some people, but it was a wake-up call for Cyprus society...

• Cypriot minister has one regret over passport scheme

  19-10-2020 CyprusPropertyNews

  Finance Minister Constantinos Petrides, who oversaw Cyprus’ disgraced golden passport scheme while he was serving as interior minister, says...