
Cyprus Property News
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Luxury towers could become white elephants
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...
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Cyprus residential property prices decelerating
The Residential Property Prices Index (RPPI) for the first quarter showed signs of slowing down due to the stricter criteria imposed on the Cyprus...
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Cyprus’ first retirement village planned in Paphos
Construction of the first purpose-built retirement village in Cyprus is due to get underway in Tsada, Paphos next year. The much-anticipated...
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Small rise in construction of new homes
The Cyprus construction sector staged a slight recovery May falling by just 0.1% compared to May 2019 according to official figures released by...
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Property sales to foreigners continue to fall
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...
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Property sales in Cyprus improving
The number of property sales in Cyprus is improving following the government's decision to introduce an interest rate subsidy for new housing...
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Tender awarded for Larnaca port and marina
The tender to develop the Larnaca port and marina has been awarded to Eldeman Holding BV and Alexandrou Corporate Services, comprised of Israeli...
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House passes bills to tighten citizenship scheme
Parliament on Friday voted into law two bills and approved regulations aimed at tightening Cyprus' citizenship by investment programme. The post...
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Cyprus to fast-track building permits
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...
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Fugitive businessman’s villa frozen
An order freezing the luxury Ayia Napa villa owned by fugitive businessman Jho Low had been secured by the Unit for Combatting Money Laundering...
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Parliament to vote on tougher citizenship rules
The House interior affairs committee has wrapped up discussing new regulations to tighten up the citizenship-by-investment scheme, flagged by the...
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Paphos undergoes multi-million facelift
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...
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Real estate measures to counter the impact of Covid-19 in Cyprus
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...
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Pissouri homeowners say government decision ‘long overdue’
Pissouri homeowners whose homes have been damaged and destroyed by the landslide since 2012 say it's very difficult to have any confidence after...
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Real estate big money not reaching Cyprus
European real estate investment has become cautious, and is focusing on northern Europe, which it perceives as more stable, explains the director...
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Hope for Pissouri landslide victims
The Interior Ministry has announced that work will start in 2021 to stabilise the landslide in Pissouri, which has damaged and destroyed many...
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Property developer fined for unfair commercial practices
Larnaca based property developer Stelios Georgiou Property Limited has been fined €70,000 by the Cyprus Consumer Protection Service for breaching...
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Cyprus real estate sector performance
The Cyprus real estate sector contributed €3.24 billion to the Cypriot economy in 2019, which is higher than the combined contribution of the...
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Greens hit out at local property developer
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...
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COVID-19 hits new homes in Cyprus
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...