
Cyprus Property News
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Property sales slump 20 per cent
Following the termination of the Citizen-by-Investment (aka Golden Passport) scheme at the start of the month in the aftermath of Al Jazeera...
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Larnaca port and marina is a mammoth project
Following a three-year international public tender procurement, the Republic of Cyprus reached an agreement in March with a consortium known as...
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Silver medal for residence permits
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...
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Cyprus house prices rise despite pandemic
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...
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Limassol the most popular spot for overseas buyers
Limassol, arguably the most cosmopolitan and vibrant coastal city in Cyprus and its environs, has become the most popular destination for overseas...
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Lazy Brits told to get their papers
Lazy British expats or those with a fear of government offices have been chided by the British High Commission for not getting their residency...
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The bottom has fallen out of luxury real estate
Luxury real estate may see a dramatic downturn next year, as the Cyprus Investment Program is no longer available to foreign investors, plus the...
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Golden passports scheme ‘irrevocably terminated’
The controversial Citizenship-by-Investment (CBI) scheme is “definitively and irrevocably terminated”, Interior Minister Nicos Nouris...
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Conor O’Dwyer arrested outside AG’s office
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...
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Sharp rise in new homes construction
There was a sharp rise in the number of building permits authorised in August for the construction of new homes according to official statistics...
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Larnaca port & marina project gets green light
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...
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Property sales top 1,000 in October
Cyprus property sales rose 31 per cent in October compared to October 2019 according to the Department of Lands & Surveys, but we expect many...
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Investors rush to meet citizenship deadline
Days before Cyprus’ Citizenship by Investment Programme is set to go offline, interior ministry officials and paralegals kicked things into...
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EU citizenship must not be for sale
EU citizenship must not be for sale was the key message from European Commissioner for Justice Didier Reynders, speaking at the European...
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EC opens infringement for “selling” citizenship
Today, the European Commission is launching infringement procedures against Cyprus and Malta by issuing letters of formal notice regarding their...
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New homes construction recovering
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...
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Giovanis’ Sun City project possible illegalities
The Sun City project in Ayia Napa, in which the former Akel deputy Christakis Giovanis’ Giovani Group is involved, is facing allegations of...
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Cyprus in hot water over ‘golden passport’ scheme
The EU said it will begin legal action against Cyprus and Malta over their controversial “golden passport” schemes for foreign investors, which...
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Lack of transparency helps corruption spread
The entrapment video by the sensationalist broadcaster Al Jazeera may have disturbed some people, but it was a wake-up call for Cyprus society...
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Cypriot minister has one regret over passport scheme
Finance Minister Constantinos Petrides, who oversaw Cyprus’ disgraced golden passport scheme while he was serving as interior minister, says...