CyprusPropertyNews
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Voting this week on foreclosure legislation
Government legislation affording extra protections to distressed borrowers with their homes on the line will go the plenum for a vote later this week, it emerged on Monday. The first of...
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Cyprus property sales show signs of cooling
Although the number of Cyprus property sales continued to rise in November, there are signs that the market is cooling. Sales in November, as measured by the number of contracts deposited...
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Demand for Cyprus real estate remains high
According to data from the Comparative Sales Department of the Land Registry and Cartography, processed and presented on a quarterly basis by the Real Estate Registration Council, the...
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Climate changing real estate
Climate change is reshaping the world in extreme ways, and one industry feeling the heat, quite literally, is real estate. Cyprus is grappling with the impact of climate change, compelling...
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Foreclosures laws to be discussed in parliament
Today marks a crucial development in the landscape of property foreclosures as the Parliament is set to deliberate on two governmental bills aimed at fortifying the legal framework...
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Nicosia property sales hit €164.9 million in third quarter
The Nicosia district saw residential sales totalling €118.8 million during the third quarter of 2023, according to a report released on Wednesday by Cypriot firm Ask Wire. Ask Wire, a firm...
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Real estate warning amid Middle East uncertainty
The Finance Ministry has painted a sombre picture for the local real estate sector should the crisis in the Middle East be prolonged, contrary to the outlook issued by the Central Bank,...
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Mortgage-to-rent scheme effective in December
The mortgage to rent (MtR) scheme for vulnerable borrowers will come into effect on December 4, finance ministry permanent secretary George Panteli said on Friday, presenting the scheme at a...
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Alarm bells as property construction stretched
Market insiders warn the economy could be overheating, as the island looks like an extensive construction site, driven by the multitude of projects powered by Israeli investment despite the...
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Landmark ruling on Armou house collapse
In a ground-breaking decision, the Paphos District Court recently ruled on a case involving a house collapse in the village of Armou, Paphos District, due to subsidence. The court...
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Construction sector key to Cyprus’ economic growth
Cyprus Land and Building Developers Association (LBDA) president Michalis Hadjipanayiotou on Thursday lauded the local property sector’s robustness, reflected in its ability to navigate...
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Cyprus real estate market not cooling down
Cyprus’ real estate market is not showing any signs of slowing down, fuelled by foreign buyers, as 2023 is close to becoming the best year since 2008 when a global property crisis kicked in....
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Cyprus property values rising, but outlook mixed
Ask Wire, the tech-informed real estate company, has published its Q2 2023 edition of the Ask Wire Index for property sale and rental values. (The Ask Wire Index covers all districts and...
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Property values in Larnaca surge due to Israeli interest
Property prices in Larnaca have recently surged to levels akin to Nicosia, largely due to heightened interest from Israeli investors, according to local real estate sector stakeholders....
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Property sales in Paphos dominated by overseas buyers
The latest sales figures from the Department of Lands and Surveys show that overseas buyers account for nearly three quarters of total property sales in Paphos up to the end of October....
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RICS/KPMG property price & rental index Q3 2023
The 56th 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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Property sales still growing
The number of property sales in October (as measured by the number of contracts deposited at Land Registry offices) rose 12 per cent compared to October 2022 according to official figures...
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Property sales agreements hit €1 billion
The value of property sales agreements submitted in the third quarter reached €1 billion, with the real estate market maintaining its strength despite challenges. According to property...
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Swimming pool legislation upgrade
A bill aimed at upgrading the legislation related to the features and inspections of public and private swimming pools is expected to be presented in parliament before the end of the year,...
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Property market boosted by foreign investors
Despite numerous challenges stemming primarily from rising loan interest rates, persistent inflation, the repercussions of the war in Ukraine, and the ongoing shockwaves of the coronavirus...
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Property sales reached 15 year high in second quarter
The Cyprus property market witnessed a record number of sales during the second quarter of 2023, reaching a level not seen in 15 years, according to a report released this week by the...
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Millions earmarked to tackle housing crisis
The government on Tuesday announced its plan to tackle ‘the housing problem’ as it said that €77 million will be spent over the next five years. Some people will be eligible for tens of...
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Cyprus residents almost priced out of housing
Cyprus is facing a critical situation when it comes to being able to access housing, with numerous indicators painting a grim picture that demands immediate attention, according to Marinos...
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Will Middle East crisis impact property market?
Cyprus’ real estate sector is unsure how recent developments in the wider Middle East will affect the immediate future of the property market. While immediate attention is naturally fixed...
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More Pissouri homes issued with eviction orders
Eviction orders have been issued for 25 more homes in Pissouri, made unsafe for habitation after years of land slippage, the community leader told MPs on Thursday. Lazaros Lazarou also...
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