Cyprus Property News

• EC report highlights non-performing loans

  9-4-2016 CyprusPropertyNews

  Efforts to restructure non-performing loans have not yet shown tangible results although financial institutions have stepped up their debt...

• Building permits fall in January

  8-4-2016 CyprusPropertyNews

  Although the number and value of building permits authorised in January fell compared to January 2015, the number of permits authorised for the...

• Applying for Title Deeds

  6-4-2016 CyprusPropertyNews

  Following the many emails I've received this article explains how buyers may apply for the Title Deeds to the property they purchased under the...

• Alpha Bank Cyprus in callous court action (Update)

  3-4-2016 CyprusPropertyNews

  Alpha Bank Cyprus is trying to prevent the transfer of properties on the Anarita Sunrise 1 development built by the bankrupt developer Yiannis...

• Leptos Group loans restructured

  30-3-2016 CyprusPropertyNews

  The Bank of Cyprus has announced it has restructured the loans of one its largest debtors, the Leptos Group, in an agreement that involves the...

• Leasing alternative to mortgages

  29-3-2016 CyprusPropertyNews

  Cypriot MPs have concluded discussions that will enable those wishing to acquire a property to do so under a leasing agreement rather than...

• Estate agents upbeat about property prospects

  25-3-2016 CyprusPropertyNews

  Estate agents who took part in a recent survey are upbeat about the prospects for the Cyprus residential property market and expect the best year...

• Property sales surge (Update)

  23-3-2016 CyprusPropertyNews

  Property sales in Cyprus rose significantly during February 2016 compared to the same period last year according to official statistics published...

• Alpha Bank Cyprus in callous court action

  21-3-2016 CyprusPropertyNews

  Alpha Bank Cyprus is trying to recover land and homes on the Anarita Sunrise 1 development built by the bankrupt developer Yiannis Liasides, who...

• Central Bank hopeful on property prices

  18-3-2016 CyprusPropertyNews

  The Cyprus Central Bank considers that improvements in the local economy and financial conditions will have a positive effect on residential...

• Title Deed applications exceed 8,000

  17-3-2016 CyprusPropertyNews

  More than 8,000 trapped buyers of property in Cyprus have applied for their Title Deeds under the provisions of the ‘hidden mortgage’/'trapped...

• Rooting out corruption in Paphos

  14-3-2016 CyprusPropertyNews

  Paphos mayor Phedonas Phedonos is investigating another case of possible corruption and although it appears that Paphos led the way, corruption...

• Bill to curb bank usury

  9-3-2016 CyprusPropertyNews

  A vote on a bill to abolish unfair bank charges, such as a fee to monitor loan transaction history, insurance, added interest rates and other...

• Cyprus exits economic adjustment programme

  8-3-2016 CyprusPropertyNews

  Eurogroup finance ministers have approved the Cyprus government's decision to exit its Economic Adjustment Programme and commended the Cypriot...

• Property sales surge

  7-3-2016 CyprusPropertyNews

  Property sales in Cyprus rose significantly during February 2016 compared to the same period last year according to official statistics published...

• BoC sets up bad real estate asset unit

  6-3-2016 CyprusPropertyNews

  The Bank of Cyprus has established a Real Estate Management Unit that aims to acquire real estate in a voluntary asset-to-debt swap of non...

• Green plan for Limni golf course

  1-3-2016 CyprusPropertyNews

  A new plan for a multimillion Euro golf course project at Limni is underway following the request by the European Commission for additional...

• Action against crocodile park threatened

  27-2-2016 CyprusPropertyNews

  Residents living in Psematismenos and other areas close to the proposed crocodile park planned to close roads and take other measures to prevent...

• Property price falls slowing

  26-2-2016 CyprusPropertyNews

  Cyprus property prices have been in decline since the bubble burst in 2007, but it seems that prices are very close to bottoming out according to...

• Building permits up in December

  25-2-2016 CyprusPropertyNews

  The number of building permits authorised in Cyprus during December 2015 increased compared to the number authorised during the same period in...