Cyprus Property News

• MPs table bill to tax Airbnb-style rentals

  17-6-2018 CyprusPropertyNews

  A bill to regulate and tax the income on short-term Airbnb-style property rentals has been tabled by two MPs and should go before the plenum prior...

• Limassol rent price protest

  14-6-2018 CyprusPropertyNews

  Around 1,000 Limassolians and others are expected to gather outside the Limassol District Administration Offices in Anexartisias Street to protest...

• Reward bad borrowers; punish the good

  12-6-2018 CyprusPropertyNews

  In a move, which if successfu, will result in rewarding bad borrowers while punishing the good, the Cyprus parliament is expected to vote on...

• Speeding up issue of Title Deeds

  12-6-2018 CyprusPropertyNews

  The Cyprus government is ready discuss ways to reduce the time taken to issue Title Deeds, which has tarnished the reputation of Cyprus as a safe...

• Four more high rise buildings in Limassol

  9-6-2018 CyprusPropertyNews

  Pafilia property developers are planning to build four high rise residential towers in Limassol of 43, 38, 31 and 25 storeys next to Limassol...

• Cyprus running out of time to reduce NPLs

  7-6-2018 CyprusPropertyNews

  Pressure is mounting on the Cyprus banks to reduce non-performing loans (NPLs) and proposals put forward by the Finance Ministry could also fix...

• Cyprus property sales up 29% in May (Update)

  6-6-2018 CyprusPropertyNews

  The number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during May 2018 rose 23 per cent compared...

• Permits for new homes up 13.3 per cent

  6-6-2018 CyprusPropertyNews

  The number of building permits for the construction of new homes in Cyprus rose 13.3 per cent in March 2018 compared to March 2017 providing for...

• Cyprus property sales up 29% in May

  4-6-2018 CyprusPropertyNews

  The number of property sales contracts deposited at Land Registry offices across the Republic of Cyprus during May 2018 rose 23 per cent compared...

• REMU debt to asset swaps increasing

  3-6-2018 CyprusPropertyNews

  Increasing numbers of properties in Cyprus including homes, hotels and golf courses are being transferred to the Bank of Cyprus Real Estate...

• Another high rise development in Limassol

  1-6-2018 CyprusPropertyNews

  The Shacolas group is planning to demolish the Debenhams Olympia centre in Limassol to make way for the 197 metre high rise Aura development of...

• U-turn on crocodile park

  31-5-2018 CyprusPropertyNews

  The decision by Achna council to withdraw its support for the crocodile park has been greeted with great relief by the local residents who had...

• Cyprus property price rises continue

  31-5-2018 CyprusPropertyNews

  The RICS Cyprus Property Price Index for Q4 2017 reports price increases for another quarter with significant price rises for houses and...

• Help needed to revalue 2 million properties

  31-5-2018 CyprusPropertyNews

  Approximately two million properties in Cyprus are to be revalued and the Department of Lands and Surveys will soon invite tenders from property...

• EC urges Title Deeds, NPL & other reforms

  31-5-2018 CyprusPropertyNews

  The European Commission has once again recommended that Cyprus takes measures to ensure reliable and swift systems for the issuance of Title Deeds...

• A letter to UK Nationals living in Cyprus

  31-5-2018 CyprusPropertyNews

  British High Commissioner Stephen Lillie has written an open letter to UK nationals living in Cyprus with the latest on negotiations regarding the...

• Sewerage blocks Title Deeds

  20-5-2018 CyprusPropertyNews

  After many years of waiting patiently for the Title Deeds to the properties they bought in Cyprus, some purchasers are finding that they cannot...

• Online rented property regulation

  20-5-2018 CyprusPropertyNews

  PROPOSALS to regulate the licencing of property whose owner rents them online through organisations such as AirBnB have been put before the House...

• Cyprus property: biggest in Europe

  9-5-2018 CyprusPropertyNews

  Did you know that the average size of a Cyprus property is the largest in Europe, while properties in Romania are the smallest according to the...

• Reduce non-performing loans by 40% in 2018

  8-5-2018 CyprusPropertyNews

  The Finance Ministry's 'Stability Programme 2018 – 2021' outlines a three-pronged strategy to address the high levels of non-performing loans...