Cyprus Property News

• Construction helps Cyprus exit recession

  30-10-2017 CyprusPropertyNews

  Laying the cornerstone of '360', the tallest construction in Nicosia, President Anastasiades said that the construction boom confirms the...

• Peyia goes to court over Vassiliou project

  24-10-2017 CyprusPropertyNews

  The Peyia council is taking the Nicosia town planning department to court over its decision to issue a planning permit for a mammoth development...

• More efforts needed to reduce NPLs

  24-10-2017 CyprusPropertyNews

  Cyprus needs to put more efforts into reducing the non-performing loans (NPLs) of the Cyprus banks, which "remain at extremely high levels" said...

• Surge in new homes construction

  14-10-2017 CyprusPropertyNews

  July saw another surge in the building of new homes with a 40.6 per cent increase in the number of building permits issued for their construction...

• Cyprus house price index up 3.1 per cent

  11-10-2017 CyprusPropertyNews

  The Cyprus house price index (HPI) rose by 3.1 per cent in the second quarter of the year and 3.6 per cent on an annual basis according to a...

• IMF: Reinstate Immovable Property Tax

  11-10-2017 CyprusPropertyNews

  The International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and...

• Paphos marina decision expected soon

  11-10-2017 CyprusPropertyNews

  The Pafilia Group should hear by the end of the month whether it has met the required criteria to build the Paphos marina, which has been stalled...

• VAT on land sales agreement

  10-10-2017 CyprusPropertyNews

  Cyprus is to impose VAT at a rate of 19 per cent on land sales for commercial activities, which will be based on the Dutch model according to a...

• Some relief for blighted Paradise Hills

  9-10-2017 CyprusPropertyNews

  Home buyers on the blighted Paradise Hills estate at Marathounda in Paphos may receive assistance from the authorities to prevent a repetition of...

• September property sales up 8 per cent

  8-10-2017 CyprusPropertyNews

  The number of property sales in Cyprus during September 2017 rose by 8 per cent compared with the same month last year according to official...

• Primary residences protection scheme falls flat

  8-10-2017 CyprusPropertyNews

  The government backed primary residences protection bill designed to protect an estimated 200 crisis-stricken homeowners against foreclosure has...

• Cyprus faces “sizeable downside risks”

  8-10-2017 CyprusPropertyNews

  Following its mission to Cyprus the International Monetary Fund said that "sizeable downside risks" still exist, citing an extremely high private...

• Cyprus court upholds trapped buyers law

  21-9-2017 CyprusPropertyNews

  The Limassol District Court has upheld the 'trapped buyers' law overturning previous district court rulings in favour of banks that blocked Title...

• Planning & building permit overhaul

  20-9-2017 CyprusPropertyNews

  The time consuming and frustrating bureaucracy involved in obtaining building & planning permits in Cyprus may be overhauled provided the...

• Cyprus denies ‘selling’ EU citizenship to rich

  19-9-2017 CyprusPropertyNews

  Cyprus Finance minister Harris Georgiades has said that reports in the Guardian newspaper concerning the granting of EU citizenship to billionaire...

• Paphos Land Registry abuse of power

  18-9-2017 CyprusPropertyNews

  Officials at the Paphos Land Registry have been accused of breach of power by a local businessman who claims that certain officials have been...

• The troika returns to Cyprus

  18-9-2017 CyprusPropertyNews

  Representatives of the troika of international lenders plus the European Stability Mechanism (ESM), the IMF, EC and the ECB , will be in Cyprus...

• John Hourican “annoyed and impatient”

  17-9-2017 CyprusPropertyNews

  Bank of Cyprus CEO John Hourican said he is annoyed and impatient by borrowers seeing a rising property market and wanting to hold on and...

• How much have property prices changed?

  17-9-2017 CyprusPropertyNews

  The RICS (Cyprus) Property Price Index for the first quarter of 2017 reported that prices for residential properties rose, but how much have...

• New home building permits up in June

  10-9-2017 CyprusPropertyNews

  The number of new homes in Cyprus for which building permits have been issued rose in June 2017 compared to the same period last year according to...