Cyprus Property News

• Luxury towers could become white elephants

  23-8-2020 CyprusPropertyNews

  Developers fear they will be left with a large glut of unsold luxury apartments on the market as interest from foreign investors wanes due to...

• Cyprus residential property prices decelerating

  20-8-2020 CyprusPropertyNews

  The Residential Property Prices Index (RPPI) for the first quarter showed signs of slowing down due to the stricter criteria imposed on the Cyprus...

• Cyprus’ first retirement village planned in Paphos

  16-8-2020 CyprusPropertyNews

  Construction of the first purpose-built retirement village in Cyprus is due to get underway in Tsada, Paphos next year. The much-anticipated...

• Small rise in construction of new homes

  11-8-2020 CyprusPropertyNews

  The Cyprus construction sector staged a slight recovery May falling by just 0.1% compared to May 2019 according to official figures released by...

• Property sales to foreigners continue to fall

  6-8-2020 CyprusPropertyNews

  The number of Cyprus property sales to foreigners continued to fall in July with numbers down to 36 per cent on the numbers sold in July 2019...

• Property sales in Cyprus improving

  4-8-2020 CyprusPropertyNews

  The number of property sales in Cyprus is improving following the government's decision to introduce an interest rate subsidy for new housing...

• Tender awarded for Larnaca port and marina

  3-8-2020 CyprusPropertyNews

  The tender to develop the Larnaca port and marina has been awarded to Eldeman Holding BV and Alexandrou Corporate Services, comprised of Israeli...

• House passes bills to tighten citizenship scheme

  1-8-2020 CyprusPropertyNews

  Parliament on Friday voted into law two bills and approved regulations aimed at tightening Cyprus' citizenship by investment programme. The post...

• Cyprus to fast-track building permits

  30-7-2020 CyprusPropertyNews

  Cyprus is moving to cut red tape in order to fast-track the issuance of planning and building permits, slashing the waiting time down to just 2-3...

• Fugitive businessman’s villa frozen

  30-7-2020 CyprusPropertyNews

  An order freezing the luxury Ayia Napa villa owned by fugitive businessman Jho Low had been secured by the Unit for Combatting Money Laundering...

• Parliament to vote on tougher citizenship rules

  28-7-2020 CyprusPropertyNews

  The House interior affairs committee has wrapped up discussing new regulations to tighten up the citizenship-by-investment scheme, flagged by the...

• Paphos undergoes multi-million facelift

  26-7-2020 CyprusPropertyNews

  Paphos is in for a facelift with its fair share of new developments while getting smarter with digital projects worth tens of millions of euros...

• Real estate measures to counter the impact of Covid-19 in Cyprus

  26-7-2020 CyprusPropertyNews

  The Cyprus real estate market is held hostage by the coronavirus; its performance depends on the duration of the virus, a vaccine, and how quickly...

• Pissouri homeowners say government decision ‘long overdue’

  25-7-2020 CyprusPropertyNews

  Pissouri homeowners whose homes have been damaged and destroyed by the landslide since 2012 say it's very difficult to have any confidence after...

• Real estate big money not reaching Cyprus

  25-7-2020 CyprusPropertyNews

  European real estate investment has become cautious, and is focusing on northern Europe, which it perceives as more stable, explains the director...

• Hope for Pissouri landslide victims

  24-7-2020 CyprusPropertyNews

  The Interior Ministry has announced that work will start in 2021 to stabilise the landslide in Pissouri, which has damaged and destroyed many...

• Property developer fined for unfair commercial practices

  24-7-2020 CyprusPropertyNews

  Larnaca based property developer Stelios Georgiou Property Limited has been fined €70,000 by the Cyprus Consumer Protection Service for breaching...

• Cyprus real estate sector performance

  22-7-2020 CyprusPropertyNews

  The Cyprus real estate sector contributed €3.24 billion to the Cypriot economy in 2019, which is higher than the combined contribution of the...

• Greens hit out at local property developer

  22-7-2020 CyprusPropertyNews

  The Greens have hit out at a "scandal brewing in Paphos", with roots in the past, concerning land earmarked for green areas, which the developer...

• COVID-19 hits new homes in Cyprus

  12-7-2020 CyprusPropertyNews

  Permits for the construction of new homes in Cyprus fell by more than a half during April; the second month during which the COVID-19 containment...