Cyprus Property News

• Fundamental planning reforms

  16-11-2016 CyprusPropertyNews

  Fundamental reforms are underway to rationalise, accelerate and simplify the time consuming and complex procedures involved with the licensing and...

• Alpha Bank Cyprus fined (update)

  15-11-2016 CyprusPropertyNews

  Alpha Bank Cyprus has been fined a quarter of a million Euros by the Office of Competition and Consumer Protection (CCPS) following its...

• Falling home prices

  15-11-2016 CyprusPropertyNews

  The Cyprus Central Bank has reported that home prices continued to fall during the second quarter of 2016 by an average of 0.6 per cent for houses...

• Property tax unpaid by many large owners

  13-11-2016 CyprusPropertyNews

  Approximately half of all property owners whose properties are valued in excess of half a million Euros at 1980 prices have not paid their...

• Non-performing loans will take time to resolve

  10-11-2016 CyprusPropertyNews

  The problem of non-performing loans will take some time to resolve due to the complexity of the problem said the Cyprus Central Bank's Governor...

• Strong growth in building permits

  10-11-2016 CyprusPropertyNews

  The number of building permits authorised by the municipal authorities and the district administration offices during August 2016 stood at 381...

• Paphos marina secures funding

  8-11-2016 CyprusPropertyNews

  The consortium awarded the contract for the construction of the Paphos marina has secured a letter from the Bank of Cyprus in which it guarantees...

• Alpha Bank Cyprus fined quarter of a million

  4-11-2016 CyprusPropertyNews

  Alpha Bank Cyprus has been fined a quarter of a million Euros by the Office of Competition and Consumer Protection (CCPS) following its...

• Property and currency in the wake of Brexit

  4-11-2016 CyprusPropertyNews

  British expats living in Cyprus have seen a fall in the Euro/Sterling exchange rate in the wake of the BREXIT referendum and are finding that...

• October property sales rise 37 per cent

  4-11-2016 CyprusPropertyNews

  The number of property sales in Cyprus continued their upward trend in October with sales rising by 37 per cent compared to October 2015 according...

• Local authorities obstructing Title Deeds

  3-11-2016 CyprusPropertyNews

  Local authorities are preventing the Land Registry from issuing Title Deeds to trapped buyers by refusing to issue Certificates of Approval for...

• Online property valuations revisited

  31-10-2016 CyprusPropertyNews

  A revised guide to finding Cyprus property valuations on the Department of Lands and Surveys website, which has undergone a major overhaul and now...

• Threat to Paphos marina

  26-10-2016 CyprusPropertyNews

  A contractual dispute is threatening to derail Paphos marina following a demand by the contracting authority that the initial down payment by the...

• Fitch upgrades Cyprus to ‘BB-‘

  22-10-2016 CyprusPropertyNews

  Fitch Ratings has upgraded Cyprus by one notch from ‘B+’ to ‘BB-’ with a positive outlook on continuing strong progress in its adjustment...

• Cyprus property prices rise

  20-10-2016 CyprusPropertyNews

  The RICS Cyprus Property Prices Index for the second quarter of 2016 includes price changes in holiday homes for the first time with prices in...

• Coops to offer defaulting borrowers a discount

  17-10-2016 CyprusPropertyNews

  The Cooperative Central Bank is to offer a scheme enabling borrowers to receive a discount of up to 50 per cent on unsecured, terminated loans...

• NPLs at post December 2014 low

  16-10-2016 CyprusPropertyNews

  Non-performing loans (NPLs) in the Cypriot banking system fell to a post December 2014 low in August according to statistics released by the...

• Paphos’ water guzzling golf courses

  16-10-2016 CyprusPropertyNews

  Demand for water in Paphos is increasing as more golf courses are built in the district and if there is little rain again this winter there is a...

• July building permits fall

  16-10-2016 CyprusPropertyNews

  The number of building permits authorised by the municipal authorities and the district administration offices during July 2016 stood at 442...

• Home prices continue to fall

  13-10-2016 CyprusPropertyNews

  Home prices in Cyprus are continuing to fall according to the Cyprus Statistical Service's 'Home Price Index' and Eurostat's 'House Price Index',...