Cyprus Property News

• Cyprus residence permits statistics

  17-11-2017 CyprusPropertyNews

  Cyprus issued 16,970 residence permits to non-EU citizens in 2016 according to statistics published yesterday by the Eurostat, the statistical...

• ETEK calls for stricter supervision

  17-11-2017 CyprusPropertyNews

  ETEK has called for stricter supervision of building permits and urged the public to check that engineers they wish to employ are registered and...

• Limassol rents spike as market booms

  17-11-2017 CyprusPropertyNews

  A property market boom in Limassol has driven up rents as demand for housing has outstripped supply as more companies have moved to the area...

• Cyprus property prices on the rise

  15-11-2017 CyprusPropertyNews

  Cyprus property prices are continuing to rise, according to the thirty-first publication of the RICS Cyprus Property Price Index with apartment...

• Home prices up says Cyprus Central Bank

  10-11-2017 CyprusPropertyNews

  Home prices in Cyprus (houses and apartments) recorded a quarter-on-quarter increase of 0.5 per cent in the second quarter of 2017 according to...

• Scheme to alleviate bailout losses

  10-11-2017 CyprusPropertyNews

  Cyprus Finance Minister Harris Georgiades has announced the creation of a scheme to alleviate bailout losses, which amounted to €8 billion,...

• Construction of new homes slows

  9-11-2017 CyprusPropertyNews

  Following ten months of double digit increases in the number of building permits authorised for the construction of new homes, August saw an...

• Parliament approves VAT on building land

  5-11-2017 CyprusPropertyNews

  The new bill imposing VAT on building land has been approved by parliament and will come into force on 2nd January 2018 some ten years after the...

• Cyprus building permits bureaucracy

  3-11-2017 CyprusPropertyNews

  The World Bank 'Doing Business' report for Cyprus highlights the mind-boggling level of bureaucracy in dealing with building permits involving...

• Cyprus property sales up 21% in October

  2-11-2017 CyprusPropertyNews

  Property sales in Cyprus rose 18 per cent in October compared with October 2016 with sales increasing in all districts (with the exception of...

• Paphos residents fear landslide

  1-11-2017 CyprusPropertyNews

  Residents and businesses in the Mousallas area of Paphos are concerned that their properties could be damaged by a landslide as huge rocks are...

• Non-performing loans stand at €21.9bn

  30-10-2017 CyprusPropertyNews

  Non-performing loans (NPLs) in the Cypriot banking system currently stand at €21.9 billion, or 44 per cent of total loans and 120 per cent of...

• 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...