CyprusPropertyNews

• Apartment prices highest in Limassol

  4 days ago Cyprus Property News

  A recent survey that compared apartment prices across the island concluded that the most expensive were in Limassol, followed by Nicosia, Larnaca,...

• Property sales figures can lie

  4 days ago Cyprus Property News

  When the Department of Lands and Surveys released data on sales contracts for January, it struck me the numbers and percentages were presented...

• Pandemic hits holiday home rental prices

  6 days ago Cyprus Property News

  The coronavirus pandemic has struck a blow to the market of holiday homes all across the world and Cyprus is no exception, according to Panos...

• Government extends interest rate subsidy scheme

  1 week ago Cyprus Property News

  The government has extended the interest rate subsidy scheme for housing and corporate loans until the end of 2021 and raised the ceilings for...

• Cyprus failing to enforce EU unfair practices laws

  1 week ago Cyprus Property News

  The European Commission has sent a reasoned opinion to Cyprus for failing to properly implement and enforce EU law on unfair contract terms...

• Bad bank would reduce debt mountain

  2 weeks ago Cyprus Property News

  Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans to focus on supporting a...

• Developers want more from residency scheme

  2 weeks ago Cyprus Property News

  Following the collapse of the Cyprus Citizenship for Investment Scheme, developers of large projects urge the government to make the residency...

• New property sales tax payable by the vendor

  2 weeks ago Cyprus Property News

  The House of Representatives on Thursday passed a law levying a 0.4 per cent tax on all sales of immovable property, the proceeds of which to go...

• NAMA Mia! Here We Go again (reprised)

  2 weeks ago Cyprus Property News

  The Cyprus government is looking to establish a ‘bad bank’ or NAMA (National Asset Management Agency) by transforming the Cyprus Asset...

• New home construction steadies

  2 weeks ago Cyprus Property News

  Despite a fall in the number of building permits authorised for building new homes in November 2020 compared to the same month in 2019, annual...

• Bills meant to help troubled borrowers withdrawn

  3 weeks ago Cyprus Property News

  Ruling Disy MP Averof Neophytou on Monday withdrew bills intended to provide tax relief to borrowers with non-performing loans, after it emerged...

• Plans to create ‘bad bank’ for non-performing loans

  3 weeks ago Cyprus Property News

  The government has set in motion plans to create a ‘bad bank’ to relieve the Cyprus banking system of an excess of Non-Performing...

• Domestic property sales hit by pandemic

  3 weeks ago Cyprus Property News

  Property sales to the Cypriot market fell in January compared to January 2020 according to official figures published earlier today by the...

• Do not tamper with the foreclosure law

  3 weeks ago Cyprus Property News

  Cyprus Central Bank governor Constantinos Herodotou on Friday warned MPs against tampering with the foreclosure law which could lead to further...

• Difficult start for 2021 as overseas sales fall

  3 weeks ago Cyprus Property News

  It looks as though 2021 could be a difficult year with a steep fall in property sales to the overseas market in January according to official...

• Mistakes parents make transferring property

  3 weeks ago Cyprus Property News

  The wealth of most Cypriots (those who still have some) is mainly made up of immovable properties and cash. So, when it’s time for them to...

• Construction sector feeling the squeeze

  4 weeks ago Cyprus Property News

  Following the demise of Cyprus “golden passports” scheme compounded by coronavirus the construction industry is suffering but has...

• Limni bay golf resort project cancelled

  29-1-2021 Cyprus Property News

  Earlier today, the company Limni Resorts and Golf Courses, part of the Shacolas Group, announced that it does not intend to proceed with the...

• Cypriot buyers only constant in property market

  26-1-2021 Cyprus Property News

  The repeal of the Citizen by Investment Programme (CIP), the consequences of the pandemic – economic and social – and the general prevailing...

• Cyprus to expand mortgage relief scheme

  22-1-2021 Cyprus Property News

  Cyprus is looking into ways of expanding a relief scheme subsidising borrowers with toxic mortgages to cover borrowers who failed to make the...