Cyprus Property News

• Cyprus cooperative bank investigation

  4 weeks ago CyprusPropertyNews

  The situation in which the Cyprus Cooperative Bank now finds itself is to be investigated by a committee appointed by attorney general Costas...

• Non-performing loan laws inefficient

  4 weeks ago CyprusPropertyNews

  The legal frameworks introduced by Cyprus aimed at reducing non-performing loans (NPLs) are inefficient according to the European Stability...

• Management committees fall foul of law

  4 weeks ago CyprusPropertyNews

  A number of management committees, which manage and administer jointly-owned buildings in Cyprus, have recently found their bank accounts frozen...

• Passports scheme could bring Dutch disease

  4 weeks ago CyprusPropertyNews

  The Fiscal Council has warned that overreliance on the Passports for Cash Scheme aka Citizenship by Investment Scheme aka Golden Visa Program...

• Rent scam suspects detained in Limassol

  19-6-2018 CyprusPropertyNews

  Two suspects in Limassol have been remanded in custody for four days on suspicion of operating a rent scam following complaints from tenants who'd...

• Bills rewarding bad borrowers may pass

  19-6-2018 CyprusPropertyNews

  The bills rewarding bad borrowers by exempting them from paying income tax, capital gains tax, property transfer fees, stamp duty and the special...

• Applications from Golden visa providers

  17-6-2018 CyprusPropertyNews

  As from July 31st golden visa applications will only be accepted from providers that have registered with the scheme's supervisory body and who...

• MPs table bill to tax Airbnb-style rentals

  17-6-2018 CyprusPropertyNews

  A bill to regulate and tax the income on short-term Airbnb-style property rentals has been tabled by two MPs and should go before the plenum prior...

• Limassol rent price protest

  14-6-2018 CyprusPropertyNews

  Around 1,000 Limassolians and others are expected to gather outside the Limassol District Administration Offices in Anexartisias Street to protest...

• Reward bad borrowers; punish the good

  12-6-2018 CyprusPropertyNews

  In a move, which if successfu, will result in rewarding bad borrowers while punishing the good, the Cyprus parliament is expected to vote on...

• Speeding up issue of Title Deeds

  12-6-2018 CyprusPropertyNews

  The Cyprus government is ready discuss ways to reduce the time taken to issue Title Deeds, which has tarnished the reputation of Cyprus as a safe...

• Four more high rise buildings in Limassol

  9-6-2018 CyprusPropertyNews

  Pafilia property developers are planning to build four high rise residential towers in Limassol of 43, 38, 31 and 25 storeys next to Limassol...

• Cyprus running out of time to reduce NPLs

  7-6-2018 CyprusPropertyNews

  Pressure is mounting on the Cyprus banks to reduce non-performing loans (NPLs) and proposals put forward by the Finance Ministry could also fix...

• Cyprus property sales up 29% in May (Update)

  6-6-2018 CyprusPropertyNews

  The number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during May 2018 rose 23 per cent compared...

• Permits for new homes up 13.3 per cent

  6-6-2018 CyprusPropertyNews

  The number of building permits for the construction of new homes in Cyprus rose 13.3 per cent in March 2018 compared to March 2017 providing for...

• Cyprus property sales up 29% in May

  4-6-2018 CyprusPropertyNews

  The number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during May 2018 rose 23 per cent compared...

• REMU debt to asset swaps increasing

  3-6-2018 CyprusPropertyNews

  Increasing numbers of properties in Cyprus including homes, hotels and golf courses are being transferred to the Bank of Cyprus Real Estate...

• Another high rise development in Limassol

  1-6-2018 CyprusPropertyNews

  The Shacolas group is planning to demolish the Debenhams Olympia centre in Limassol to make way for the 197 metre high rise Aura development of...

• U-turn on crocodile park

  31-5-2018 CyprusPropertyNews

  The decision by Achna council to withdraw its support for the crocodile park has been greeted with great relief by the local residents who had...

• Cyprus property price rises continue

  31-5-2018 CyprusPropertyNews

  The RICS Cyprus Property Price Index for Q4 2017 reports price increases for another quarter with significant price rises for houses and...