Cyprus Property News

• Is the Cyprus construction boom sustainable?

  29-7-2018 CyprusPropertyNews

  Questions raised about the latest Cyprus construction boom and whether there is a sustainable demand for new homes or is it just the result of the...

• Cyprus consumer protection decisions

  28-7-2018 CyprusPropertyNews

  The Cyprus Consumer Protection Service has recently issued decisions against Alpha Bank Cyprus (former Emporiki Bank) and two property development...

• Paphos high-rise resort gets off the ground

  26-7-2018 CyprusPropertyNews

  The town planning department has approved building permit to construct two 12-storey high-rise buildings and 122 apartments at Geroskipou in...

• Funds eyeing Bank of Cyprus bad loans

  24-7-2018 CyprusPropertyNews

  A number of funds are reported to be interested in buying some of the Bank of Cyprus' non-performing loan portfolio, which is valued at as much as...

• Non-performing loans highest in Europe

  21-7-2018 CyprusPropertyNews

  Non-performing loans (NPLs) in the Cypriot construction and real estate sectors are amongst the highest in Europe with construction NPLs standing...

• Larnaca Tower plans progressing

  15-7-2018 CyprusPropertyNews

  It looks as if a high-rise development 'Larnaca Tower' will soon get underway in the seafront area of Phinikoudes if the paperwork submitted by...

• Doubts over new moves on Title Deeds

  15-7-2018 CyprusPropertyNews

  Questions remain over how the gentlemen's agreement enabling 'trapped buyers' to get the Title Deeds to properties they purchased and paid for in...

• No tax on mortgaged property sales

  13-7-2018 CyprusPropertyNews

  Those selling their mortgaged property in Cyprus to reduce or repay their mortgage debt will be exempt from paying capital gains, income tax,...

• Cyprus house prices fall 1.8 per cent

  10-7-2018 CyprusPropertyNews

  The Cyprus house price index (HPI) fell by 1.8 per cent in the first quarter of 2018 but rose 3.7 per cent on an annual basis according to a...

• What the new foreclosure bills mean

  10-7-2018 CyprusPropertyNews

  The new foreclosure bills passed by the Cyprus parliament expedites foreclosure proceedings, makes it easier for financial institutions to remove...

• Tougher insolvency & NPL laws

  9-7-2018 CyprusPropertyNews

  MPs approved tougher laws for dealing with non-performing loans (NPLs) and foreclosures that should also enable trapped buyers to get a Title Deed...

• High-rise not needed in Paphos

  8-7-2018 CyprusPropertyNews

  Following last week's news that applications had been received for ten high-rise developments in Paphos, a 500 strong 'Movement to Save Paphos'...

• Small rise in Cyprus property sales (Update)

  6-7-2018 CyprusPropertyNews

  Although the number of property sales in Cyprus continued to rise in June according to the number of sales contracts deposited at Land Registry...

• Small rise in Cyprus property sales

  5-7-2018 CyprusPropertyNews

  Although the number of property sales in Cyprus continued to rise in June according to the number of sales contracts deposited at Land Registry...

• Permits for new homes up 44.6 per cent

  4-7-2018 CyprusPropertyNews

  The number of building permits for the construction of new homes in Cyprus rose 44.6 per cent in April 2018 compared to April 2017 providing for...

• Trapped buyers breakthrough

  3-7-2018 CyprusPropertyNews

  It appears that a gentlemen's agreement has been reached enabling trapped buyers who were duped by nefarious developers and lawyers into buying...

• Paphos marina contract awarded

  3-7-2018 CyprusPropertyNews

  The contract to build the long-anticipated Paphos marina has been awarded to Pafilia by the 'new' Marina Management Committee, which was appointed...

• High-rise developments coming to Paphos

  30-6-2018 CyprusPropertyNews

  The Paphos Municipality has given the green light for the construction of two twenty storey high-rise buildings in the tourist area of the town on...

• Opposition delays NPL & Co-op bills

  29-6-2018 CyprusPropertyNews

  Opposition parties have rejected a request by the Cyprus government to urgently discuss five bills concerning the management of non-performing...

• Cabinet approves NPL reduction bills

  29-6-2018 CyprusPropertyNews

  Four bills and regulations that will significantly improve the way non-performing loans (NPLs) are dealt with and provide for incentives,...