CyprusPropertyNews
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Real estate sector depends on external factors
The Cyprus economy has showcased its strong resilience, in a particularly difficult period recording, “comparatively one of the highest growth rates in the European Union,” said Dr George...
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Criminal cases filed against illegal real estate agents
The Cyprus Real Estate Agents Registration Council has issued a statement emphasizing its increased efforts to combat illegal real estate agents, which has resulted in its filing 167...
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Sales to EU nationals recovering?
As we reported on Monday, the total number of property sales rose by 14% in February compared with the same month last year. Further analyses published by the Department of Lands and...
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Apartments expected to boost housing supply
Several thousand apartments are anticipated to significantly boost the supply of housing as the construction of 541 apartment buildings is expected to be completed in the coming months....
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Cyprus property sales up 14% in February
In February 2024, the total number of property sales contract deposited at Land Registry offices across Cyprus reached 1,284; an increase of 14% compared to the 1,131 contracts deposited...
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Cyprus Real Estate sector proved resilient in 2023
PwC Cyprus presented its annual report for the Cypriot real estate market, which includes important information about the sector’s performance in 2023. The event titled, “ Evolving...
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Cyprus ranks 12th in residence program index
Cyprus ranks 12th in the 2024 Residence Program Index published by Henley & Partners with a score of 59 out of 100. The index comprises the residence programs of 26 countries and...
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Glamping bill back on government agenda
The bill proposing the establishment and management of up-market “glamping” campsites, which has been lingering in Parliament for nearly a year, is being reintroduced to the Plenary by...
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Limassol topped the Cyprus property market in January
Ask Wire, a Cypriot real estate analytics firm, has released a report on the ten most expensive property transactions in Cyprus for January 2024. The top ten property sales across the...
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RICS/KPMG property price & rental index Q4 2023
The 57th quarterly publication of the RICS Cyprus Property Index with KPMG in Cyprus records the property price and rental index, tracking property and rental prices across all Cyprus...
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KEPIDES threatens pay up or we’ll auction your home
The Cyprus Asset Management Company Ltd (KEDIPES) has sent letters to a number of home buyers ‘inviting’ them to pay eye-watering amounts of money, otherwise it will auction their homes....
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Faster Title Deeds issuance announced
Interior Minister Constantinos Ioannou on Thursday highlighted “significant improvements” in the examination and issuance of property Title Deeds, which, according to him, will help reducing...
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KEPIDES threatens pay up or we’ll auction your home
The Cyprus Asset Management Company Ltd (KEDIPES) has sent letters to a number of home buyers ‘inviting’ them to pay eye-watering amounts of money, otherwise it will auction their homes....
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The ripple effect of Limassol’s real estate
The ripple effect describes how property prices in one area influence those in others, as seen with London’s impact on the UK market, whereby changes in house prices in the UK are noted...
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Cyprus houses & apartments see year-on-year price rises
On Thursday, the Cypriot real estate analytics firm Ask Wire published the Q4 2023 edition of its Ask Wire Index for property sale and rental values. The Index covers all districts...
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Popularity of short-term rental properties in Cyprus increasing
Short-term rental properties are increasing in popularity in Cyprus, quickly becoming a mainstay in the accommodation choices of both travellers and locals, according to Yiannis Kotzias,...
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Cyprus property sales fell 3% in January
In January 2024, the total number of property sales contract deposited at Land Registry offices across Cyprus reached 1,056; a fall of 3% compared to the 1,091 contracts deposited in...
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Son sells mother’s property by forging her signature
A legal case involving a 67-year-old mother and her 31-year-old son is currently pending before the Limassol District Court. The mother has filed a complaint against her son, alleging...
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Cyprus real estate market sees 3,534 transfers worth €517.3 million
On Friday, the Cyprus Real Estate Agents Registration Council said that the local property market performed robustly during the fourth quarter of 2023, despite inflationary pressures, high...
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Limassol dominated the Cypriot property market in 2023
Cypriot real estate data analytics firm Ask Wire on Monday released a report outlining the ten most lucrative property transactions completed in Cyprus during 2023, along with additional...
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Cyprus property buyers get increased legal protection
The legal protection offered to those property buyers in the Republic of Cyprus has been enhanced by amendments to ‘The Sale of Real Estate (Special Execution) Laws of 2011 to...
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‘Photovoltaics for all’ given the green light
The Cabinet has given the green light to implementing the ‘Photovoltaics for All’ scheme, subsidising up to 6,000 homeowners to install solar systems on their roofs, which will be up and...
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Market-driven property price reductions may be short-lived
Marinos Kineyirou, the president of the Cyprus Council for Registration of Real Estate Agents , expects that the Cyprus property market will face challenges in the upcoming year by a...
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Bill to halt auctions for ‘Mortgage-to-rent’ applicants passed
By a unanimous vote the House on Thursday passed legislation that provides for halting the auctioning off of properties where the mortgage debtor has applied for the ‘Mortgage-to-Rent’...
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Another Limassol balcony collapses
A balcony collapsed and fell from an apartment building in Germasogeia early on Friday morning, just over a month after a previous incident, also in the Limassol area. No one was injured...