Cyprus Property News

• Money to help Land Registry clear backlog

  12-3-2019 CyprusPropertyNews

  €3.6 million has been requested by the Interior Ministry to help clear the backlog of cases at the Land Registries involving Title Deeds, boundary...

• Alarm bells over house prices

  8-3-2019 CyprusPropertyNews

  The Central Bank of Cyprus has sounded alarm bells over rising house prices, particularly in Limassol, due to the Invest Citizenship scheme and...

• Sharp rise in property sales in February

  5-3-2019 CyprusPropertyNews

  February saw a sharp rise in property sales compared to the numbers sold in the corresponding month last year according to official figures...

• Swimming pool laws set to hit tourism revenues

  3-3-2019 CyprusPropertyNews

  Barring a miracle, swimming pools in privately owned complexes, such as the Royal Seacrest in Kato Paphos, will remain closed this year affecting...

• Limassol Aura high rise development

  1-3-2019 CyprusPropertyNews

  The construction of the 197 metre Aura high rise development in Limassol to be built on the present site of the Debenhams Olympia shopping centre...

• Cyprus’ vulnerabilities remain significant

  28-2-2019 CyprusPropertyNews

  The European Commission notes that despite the recent improvement, Cyprus' vulnerabilities, which are mostly due to long-lasting stock-imbalances,...

• Pissouri landslide: the living hell

  27-2-2019 CyprusPropertyNews

  As the landslide in Pissouri gains momentum destroying everything in its path more residents are living in hell in the village once described by...

• Compensation for Pissouri homeowners

  25-2-2019 CyprusPropertyNews

  The Government has finally agreed to pay compensation to residents in Pissouri whose homes have been damaged by the landslide and to undertake a...

• Limassol land registry operating like a free-for-all

  22-2-2019 CyprusPropertyNews

  The situation in the Limassol Land Registry is chaotic with complaints of dodgy practices, bogus claims for travel expenses and overtime pay,...

• Fewer new homes in November

  19-2-2019 CyprusPropertyNews

  Building permits for the construction of 580 new homes in Cyprus were authorised during November 2018; a fall of 11.9 per cent compared with the...

• Changes to Citizenship scheme approved

  14-2-2019 CyprusPropertyNews

  Changes to Cyprus' controversial citizenship-by-investment scheme, which has granted 1,864 citizenships and generated €6.6 billion of foreign...

• Cyprus banks awash with properties

  11-2-2019 CyprusPropertyNews

  Banks in Cyprus have acquired more than 14,000 properties from households and businesses through foreclosures and debt-to-assets swaps according...

• Warnings of further rent rises in Limassol

  10-2-2019 CyprusPropertyNews

  Further rent rises in Limassol are expected as thousands of construction workers needed to complete numerous projects will require accommodation...

• Citizenship linked to president’s family ties

  10-2-2019 CyprusPropertyNews

  Cypriot citizenship has been granted to a Russian billionaire; a former shareholder in a Russian bank whose premises in Limassol were built by a...

• Trapped buyers still at banks’ mercy

  8-2-2019 CyprusPropertyNews

  Despite promises made by deputies last November that they intended to resolve the 'trapped buyers' mess by Christmas, it seems that little (if...

• The Property Consultant …or NOT!

  7-2-2019 CyprusPropertyNews

  The fact that one is simply marketing to sell/rent an apartment, or two, or a few, does not make him a property consultant or expert in the field...

• Property sales continue to rise (update)

  6-2-2019 CyprusPropertyNews

  The number of property sales in Cyprus continued to rise in January 2019 compared to the numbers sold in January 2018 according to official...

• Airbnb-style rental law faces major issue

  6-2-2019 CyprusPropertyNews

  A bill designed to regulate Airbnb-style short-term property rentals is almost ready to be put to the vote, but one issue has to be resolved; the...

• Bank of Cyprus sells NPLs to APS

  6-2-2019 CyprusPropertyNews

  The Bank of Cyprus has sold non-performing loans (NPLs) amounting to some €34 million to APS, part of the APS Holdings group, which is also...

• Larnaca high-rise developments planned

  5-2-2019 CyprusPropertyNews

  Larnaca may soon be joining Limassol, Paphos and Nicosia in the high-rise towers club, providing that the application for a town planning permit...