CyprusPropertyNews
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Banks helped by increased building permitsAlthough Cypriot banks continue to face significant asset quality challenges, a sustained increase in demand for building permits would improve...
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Cyprus real estate market reviewPwC (Cyprus) has published "Cyprus Real Estate Market – 2016 Year in Review", which provides a general overview of the Cyprus property sector...
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Pissouri homeowners still in limboProperty owners in the Limnes (lakes) area of Pissouri are still in limbo despite the previous Cyprus Interior Minister promise to pay for the...
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Vote imposing VAT on land sales postponedA vote by the Cyprus government on a bill to impose 19 percent VAT on land sales (building and development plots) has been postponed until...
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New home building permits up 44%The number of new homes in Cyprus for which building permits have been issued rose by 43.8 per cent in April 2017 compared to the same period in...
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Ten years to clear Title Deed backlogAt the current rate of Title Deed issuance it would take approximately ten years to address the backlog according to the spring 2017 issue of the...
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Limassol upcoming skyline fearsLimassol's construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape,...
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June property sales up 28 per centThe number of properties sold in Cyprus during June rose 28 per cent compared to June 2016 with sales increasing in all districts with the...
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Limassol becoming a sky-rise bubble?Referring to Limassol as "the bubble of towers" Politis suggested that the uncontrolled vertical development is causing headaches to town...
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Hellenic Bank sells non-performing loansThe Hellenic Bank has sold its non-performing loan (NPL) and real estate management business, to APS Debt Servicing Cyprus Ltd, a member of the...
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Cyprus ‘well prepared’ for skyscraper disastersThe Cypriot authorities have assured that fire safety measures are in place to tackle skyscraper disasters following concerns arising from the...
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Contract signed for Cyprus casino resortEarlier today a landmark deal for Europe's largest casino was signed between the gaming authority and the Melco Hard Rock consortium at the...
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Reprieve for trapped buyersThe Cyprus government has vowed to continue issuing Title Deeds to trapped buyers despite the recent court rulings that left them in legal limbo...
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How many trapped buyers?Earlier today the Greek language newspaper Χαραυγή (Daybreak) published statistics on the number of trapped...
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Trapped buyers (update 2)The House Legal Affairs Committee is meeting today in efforts to resolve constitutional issues with the trapped buyers law. Meanwhile here is...
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Land values also recoveringAs home prices enter recovery, so do land values, particularly in Limassol which has already attracted property developers from other coastal...
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Fight for justice in Pissouri ordealBritish High Commissioner, Matthew Kidd, visited affected residents in the devastated Limnes (lakes) area of Pissouri and is reported to have said...
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Trapped buyers updateThe House Legal Affairs Committee is meeting today in efforts to resolve constitutional issues with the trapped buyers law. Meanwhile here is...
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Property prices rising says Central BankCyprus property prices rose by 0.3 per cent over the fourth quarter of 2016 but fell 0.9 per cent over the year according to the Residential...
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Overseas Cyprus property sales rocketThe surge in Cyprus property sales in May that we reported last Thursday was helped significantly by a more than three-fold increase in sales to...
Trending Cyprus News
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Illegal supermarkets operating across CyprusMore than 20 supermarkets are operating illegally across the island according to the Cyprus Supermarket Association. Speaking on Active Radio on...
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Paphos facing big drought threatResidents in Paphos face the possibility of severe water shortages if there is little rain this winter as plans to construct a new desalination...
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Police urge drivers to respect other road usersPolice urged drivers on Thursday to respect other road users by exhibiting proper road behaviour after they caught a drunk 30-year-old male...
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Fire rages out of control between Ora and VavatsiniaA fire has been raging out of control since 3.30pm in the area of Ora, Larnaca, headed toward Vavatsinia village, the Fire Service announced on...
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Paphos pulls together for Billy’s ‘bucket list’THE Paphos community is rallying round a terminally ill cancer patient to help him fulfil the wishes on his ‘bucket list’. After Billy Hardy’s...
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Little Eleni ‘found in Turkey’ with fatherMedia reports stated on Friday that little Marie Eleni Grimsrud – who has been missing since being snatched by her father back in April – is...
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Refugees urge rethink of decision to open fenced-off...THE Turkish military’s decision to open up part of the beach in occupied Deryneia that falls within the fenced-off area of Varosha, is in...
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Turkey PM warns Cyprus on ‘untimely and dangerous’ energy...Turkish Prime Minister Binali Yildirim on Thursday warned Cyprus its moves to explore for energy around the eastern Mediterranean were...
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