Cyprus Property News

• BOC intends to sell restructured loans

  16-5-2017 CyprusPropertyNews

  The Bank of Cyprus intends to sell about €20 million worth of restructured non-performing loans of developers and construction companies to a...

• Small drop in non-performing loans

  12-5-2017 CyprusPropertyNews

  Although non-performing loans had fallen by €180 million at the end of January compared to the previous month, as a percentage of total loans the...

• Imposing VAT on land sales

  9-5-2017 CyprusPropertyNews

  Cyprus is facing hefty fines from the European Commission if it does not impose VAT on land sales, but the imposition of VAT will have knock-on...

• Loan deal for heat-proofing roofs

  8-5-2017 CyprusPropertyNews

  A special loan deal for heat-proofing roofs of up to €10,000 at 3 per cent interest is to be offered by the Co-operative Central Bank in...

• More new homes under construction

  8-5-2017 CyprusPropertyNews

  The number of new homes in Cyprus for which building permits have been issued rose by 22.8 per cent in February 2017 compared to the same period...

• Slight fall in property sales

  4-5-2017 CyprusPropertyNews

  The number of property sales in Cyprus fell slightly in April compared to the numbers sold in April 2016 with increases in Nicosia, Limassol and...

• Bank lending systems stymie Cypriot buyers

  2-5-2017 CyprusPropertyNews

  The Cyprus banks complicated lending procedures cause stagnation of property purchases by Cypriots according to the chairman of the Cyprus Real...

• Bank contracts for buying property

  30-4-2017 CyprusPropertyNews

  The Cyprus Parliament voted unanimously on Friday to adopt EU legislation on bank contracts for the purchase of property, which will provide...

• Zero rent increase – wrong decision

  29-4-2017 CyprusPropertyNews

  How will foreign investors invited to put money into the Cyprus property sector interpret the decision by the Government's Council of Ministers...

• Commercial court in 2018

  28-4-2017 CyprusPropertyNews

  In efforts to modernise the Cyprus justice system, a new Commercial court will be set up in early 2018 to deal with claims arising from contracts,...

• Limassol looks to Marseille for inspiration

  24-4-2017 CyprusPropertyNews

  Limassol is seeking to take a leaf out of Marseille's book in an effort to inject new life into the Aktaia Street area of the city and looks set...

• Cyprus attracting more overseas interest

  24-4-2017 CyprusPropertyNews

  CYPRUS moved up 12 places in the TheMoveChannel.com’s Top of the Props index in March 2017 to become the sixth most sought after location by...

• Limassol casino contracts imminent

  22-4-2017 CyprusPropertyNews

  The Melco-Hard Rock consortium is expected to sign contracts for the construction of the multimillion euro casino project in Limassol later this...

• Paphos marina project delayed again

  20-4-2017 CyprusPropertyNews

  Just when we thought the construction of the Poseidon consortium's Paphos marina was about to get underway, the consortium has failed to supply...

• Europe’s Golden Visa schemes

  20-4-2017 CyprusPropertyNews

  The 'Golden Visa' schemes offered by many European countries, including Cyprus, have their risks and rewards, but could processing delays and...

• Manhattan skyline for Limassol?

  18-4-2017 CyprusPropertyNews

  Numerous high-rise buildings, comprising commercial and residential properties, are set to dominate the skyline of Limassol; several are already...

• Chinese investors boost construction sector

  14-4-2017 CyprusPropertyNews

  Purchases by Chinese investors in Cyprus property have contributed to the recovery of the island's construction sector according to the president...

• Sharp rise in new homes construction

  11-4-2017 CyprusPropertyNews

  The number of new homes in Cyprus for which building permits have been issued rose by 56.8 per cent in January 2017 compared to the same period in...

• Cyprus house prices up

  7-4-2017 CyprusPropertyNews

  House prices in Cyprus rose by 2.8 per cent in the fourth quarter of 2016 compared with the fourth quarter in 2015 according to the House Price...

• Property sales improve in March

  6-4-2017 CyprusPropertyNews

  Following February's fall in property sales, the numbers sold in Cyprus during March compared to March 2016 improved in three of the five...