CyprusPropertyNews

• Property sales forging ahead

  2 days ago Cyprus Property News

  For the sixth consecutive month property sales in Cyprus reached a 14 year high in June as measured by the number of contracts deposited at Land...

• Pushback to VAT change on home buys

  2 days ago Cyprus Property News

  MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty financial...

• Pressures mounting on property prices

  4 days ago Cyprus Property News

  In the latest edition of its Residential Property Price Index (RPPI), the Cyprus Central Bank reports that property prices continued to rise in...

• Cyprus property values growing

  5 days ago Cyprus Property News

  The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by...

• EU blocks ‘generous’ mortgage-to-rent scheme

  5 days ago Cyprus Property News

  Brussels has told Cyprus to hold its horses over a fresh attempt to throw another lifeline, a mortgage-to-rent scheme, to distressed borrowers to...

• Higher VAT on smaller homes ‘spells disaster’

  1 week ago Cyprus Property News

  A European Union directive to reduce the size of homes entitled to lower 5% VAT has real estate agents and developers in uproar as they claim it...

• Cypriot passport in fourteenth place

  1 week ago Cyprus Property News

  A Cypriot passport ranks in fourteenth place out of 227 countries worldwide, according to the Henley Passport Index for 2022 . The Index is...

• VAT rate on first homes rethink

  1 week ago Cyprus Property News

  Faced with pushback from MPs and building industry stakeholders, the government on Monday agreed to – again – rethink parts of a bill...

• New lifeline for defaulted borrowers

  1 week ago Cyprus Property News

  Cyprus is to throw another lifeline to distressed borrowers to help them keep their homes following its ESTIA scheme for toxic mortgages, which...

• Cyprus mulls raising bar for expat retirees

  1 week ago Cyprus Property News

  UK pensioners eyeing a retirement home in Cyprus may have to rethink their plans, as changes proposed by the government on granting residence...

• Pissouri homeowners plead with MPs

  1 week ago Cyprus Property News

  Residents of Pissouri on Thursday pleaded with MPs to help with mounting problems as a result of continuing landslides in the area, including the...

• Small annual fall in construction material prices

  2 weeks ago Cyprus Property News

  The year-on-year prices for all construction materials rose by 21.81 per cent from May 2021 to May 2022, according to the Cyprus Statistical...

• Paphos, Limassol property market booming

  2 weeks ago Cyprus Property News

  Real estate agents in Limassol and Paphos are reporting the highest demand from foreign buyers and Cypriots for homes since 2020 when the...

• Ministry passes the buck on Aglandjia rockslides

  2 weeks ago Cyprus Property News

  The state has no responsibility for rockslides on private plots, the interior ministry reiterated on Friday, a day after MPs and the Aglandjia...

• Cyprus has least crowded & costly homes

  2 weeks ago Cyprus Property News

  Eurostat data reveals that in 2020, 17.5% of the EU population lived in over-crowded households. I.e., they did not have a sufficient number of...

• Reduction in building permits authorised in March

  3 weeks ago Cyprus Property News

  The number of building permits authorized in Cyprus during March 2022 stood at 642. The total value of these permits reached €209.7 million and...

• Wealth gap reshaping property sector

  3 weeks ago Cyprus Property News

  The Cyprus property sector is reinvented by a growing wealth disparity, creating a wider gap among potential buyers for homes and apartments. The...

• Construction hit by staff shortages & rising costs

  3 weeks ago Cyprus Property News

  Construction companies and other industry stakeholders continue to be faced with the persisting challenges posed by rising domestic inflation, as...

• New Jointly-Owned Buildings Law drafted

  4 weeks ago Cyprus Property News

  Anyone who’s had dealings with the Jointly-Owned Buildings Law will agree that it’s in dire need of revision. I get as many complaints and...

• Lawyer Andreas Pittadjis fined

  4 weeks ago Cyprus Property News

  Andreas Pittadjis, a prominent Famagusta lawyer implicated in Al Jazeera’s golden passport scandal expose , which ended the citizenship...

• Relentless rise in property sales

  5-6-2022 Cyprus Property News

  For a fifth consecutive month, the number of property sales in Cyprus hit a 14 year high in May as measured by the number of contracts deposited...

• Lenders told not to foreclose on properties

  3-6-2022 Cyprus Property News

  The financial ombudsman has advised banks and credit-acquiring companies to refrain from foreclosing on mortgaged properties before the...

• Rises reported in most real estate categories

  30-5-2022 Cyprus Property News

  In its overview of real estate activity in Cyprus during the first quarter of 2022 RICS Cyprus with KPMG in Cyprus reports that transactions...

• Danger of electrocution in older homes

  27-5-2022 Cyprus Property News

  Residents of some 60 to 70 per cent of homes face possible electrocution due to the age of the power supply switch, which fails to work – and...

• Cyprus justice system performance worst in EU

  20-5-2022 Cyprus Property News

  The performance of the Cyprus justice system, as measured by the time taken to complete court cases, places it at the bottom of the list compared...