Cyprus Property News

• One sixth of properties not registered

  4-4-2017 CyprusPropertyNews

  Around one sixth of the 1.2 million properties in Cyprus were not registered with the Department of Lands and Surveys until the authorities...

• Cyprus needs to accelerate debt reduction

  3-4-2017 CyprusPropertyNews

  The International Monetary Fund (IMF) has called on Cyprus to speed up reductions in public and private debt to rebuild confidence and deliver...

• Cyprus: NPLs remain “very high”

  2-4-2017 CyprusPropertyNews

  Following the second post-programme surveillance mission to Cyprus, the European Commission and the European Central Bank reports that NPLs remain...

• Red light for Limni golf courses

  25-3-2017 CyprusPropertyNews

  The European Commission has but the brakes on the controversial Limni golf project following a caution from the EU in 2015 and a request for a...

• IMF to visit Cyprus

  24-3-2017 CyprusPropertyNews

  A delegation from the International Monetary Fund (IMF) will visit Cyprus next week for talks to evaluate the economy of the country following the...

• Non-performing loans at 47 per cent

  21-3-2017 CyprusPropertyNews

  Non-performing loans in the Cypriot banking system stood at 47% of total loans at the end of December 2016; a fall of €3.7 billion in two years to...

• Larnaca marina and port proposals received

  21-3-2017 CyprusPropertyNews

  Five proposals from various consortia have been received for the development of Larnaca marina and port following many years of delay and after...

• Standard & Poor’s raises Cyprus rating

  18-3-2017 CyprusPropertyNews

  Ratings agency Standard & Poor's has raised its foreign and local currency long-term sovereign credit ratings on the Republic of Cyprus to...

• Key findings of Cyprus real estate conference

  15-3-2017 CyprusPropertyNews

  Key findings form a real estate conference to discuss the state of the Cyprus property market recently hosted by RICS (Cyprus) at which the...

• MPs seek sewerage rate reduction

  14-3-2017 CyprusPropertyNews

  Sewerage rates in Cyprus, which are based on a property's value as determined by the Land Registry need to be revised following the property...

• Paphos marina faces further delays

  8-3-2017 CyprusPropertyNews

  The Paphos Grand Marina project, which has already been delayed by more than a decade, may face yet another delay following a decision by the...

• Building permit regulations to be re-examined

  8-3-2017 CyprusPropertyNews

  The Interior Minister's building permit decree designed to curb profiteering in non-residential areas by property developers has been criticised...

• Concerns over massive Peyia project

  5-3-2017 CyprusPropertyNews

  A massive development proposed for a hillside above Peyia in Paphos will irreversibly devastate the natural environment, put pressure on...

• Cyprus property sales falter in February

  3-3-2017 CyprusPropertyNews

  Having got off to a promising start to the New Year in January, property sales in Cyprus faltered in February with numbers falling in all five...

• Cyprus real estate market report 2016

  1-3-2017 CyprusPropertyNews

  In its 2016 annual review Resolute Asset Management reports that the Cyprus real estate market is gradually becoming more active partly due to...

• Larnaca marina edging forward

  1-3-2017 CyprusPropertyNews

  Ambitious plans for the Larnaca marina and port project are edging forward with Transport Minister Marios Demetriades announcing that the target...

• Chinese property buyers targeted

  26-2-2017 CyprusPropertyNews

  It appears that Chinese property buyers are now being targeted by nefarious elements involved in the Cyprus property industry now that British...

• Bank of Cyprus, the reluctant estate agent

  26-2-2017 CyprusPropertyNews

  With the Bank of Cyprus now being the island's second-biggest private real-estate agent after the church, it might be seen as a good place to...

• More new homes in December

  23-2-2017 CyprusPropertyNews

  The number of new homes in Cyprus for which building permits have been issued increased by 55.7 per cent in December 2016 compared to the same...

• Cyprus has made limited progress

  22-2-2017 CyprusPropertyNews

  Cyprus has made limited progress with implementing the 2016 country-specific recommendations said the European Commission in its country report on...