Cyprus Property News

• Fifty million lost due to planning delays

  16-10-2018 CyprusPropertyNews

  Delays in issuing planning permits cost the state €50 million annually, which could be used to build ten schools, three hospitals or a museum...

• Cyprus property market on the up

  15-10-2018 CyprusPropertyNews

  Specialists are confident over the future of the Cyprus property market, saying that the upward trend in house prices is combined with an ongoing...

• Locals fear for Coral Bay

  14-10-2018 CyprusPropertyNews

  Locals fear for the future of Coral Bay if developer's plans to build next to the blue-flagged area go ahead following a Government decision to...

• Continuing rise in property sales (Update)

  11-10-2018 CyprusPropertyNews

  During September 2018, the number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus rose 14% compared...

• Limited progress on resolving NPLs

  8-10-2018 CyprusPropertyNews

  The International Monetary Fund (IMF) noted that Cyprus had made little progress on resolving non-performing loans in its mission's concluding...

• Cyprus house prices rise 0.6 per cent

  5-10-2018 CyprusPropertyNews

  The Cyprus house price index (HPI) rose by 0.6 per cent in the second quarter of 2018 and by 1.2 per cent on an annual basis according to a...

• ETEK call to rehome Pissouri families

  3-10-2018 CyprusPropertyNews

  The Scientific and Technical Chamber of Cyprus (ETEK) has called on the Government to rehome the families in Pissouri whose homes suffered...

• More time needed on Airbnb bill

  3-10-2018 CyprusPropertyNews

  The approval of a proposed bill designed to regulate and tax rental income on an estimated 40,000 Airbnb type rentals has been delayed as MPs said...

• Flood of foreclosure letters

  3-10-2018 CyprusPropertyNews

  Phileleftheros reports that during the second quarter of 2018 banks sent almost double the number of letters warning borrowers that they intend to...

• Continuing rise in property sales

  2-10-2018 CyprusPropertyNews

  DURING September 2018, the number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus rose 14% compared...

• Money laundering assessment

  2-10-2018 CyprusPropertyNews

  Cyprus is to undergo a money laundering assessment from a Council of Europe committee comprising a group of experts from Moneyval following...

• NPLs pushing down Cyprus property prices

  30-9-2018 CyprusPropertyNews

  Higher NPLs in particular appear to drag Cyprus property prices down indicating pressure to dispose of immovable property assets increasing their...

• UK nationals’ residency rights post-Brexit

  30-9-2018 CyprusPropertyNews

  THE INTERIOR MINISTRY has published on its website a document explaining how Cyprus intends to implement the Brexit withdrawal agreement covering...

• Leptos wins appeal to build next to Coral Bay

  30-9-2018 CyprusPropertyNews

  Cyprus property development company Leptos Estates has won an appeal to build next to the blue-flagged Coral Bay beach in Paphos; plans include...

• Proposals to modernise rent laws

  30-9-2018 CyprusPropertyNews

  Legislation proposed by Cypriot MPs aims to overhaul and modernise outdated rent legislation and make procedures more effective when tenants fail...

• Owners of destroyed homes in Pissouri on BBC

  30-9-2018 CyprusPropertyNews

  Owners of devastated properties in the lakes (Limnes) area of Pissouri featured on the BBC One programme 'Inside Out South' broadcast on Monday...

• The Cyprus swimming pool nightmare

  18-9-2018 CyprusPropertyNews

  Taking criminal proceedings against owners and Management Committees who fail to comply with the swimming pool law and regulations will damage the...

• Lawyers minimum fees in the bin

  17-9-2018 CyprusPropertyNews

  The Cyprus Bar Association has been forced to repeal rules that required lawyers to charge prescribed minimum fees for their out-of-court work...

• S&P raises Cyprus credit rating to BBB-

  15-9-2018 CyprusPropertyNews

  Cyprus got its investment credit worthiness back on Friday as Standard & Poor’s raised the country's credit rating from BB+ to BBB- with...

• Sea caves development a ‘litany of irregularities’

  15-9-2018 CyprusPropertyNews

  A special audit report into the procedures that resulted in the desecration of the sea caves area of Pegeia in Paphos on the west coast of Cyprus...