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Archive for 2007

Cyprus Home Price Index up 1.08 percent in April

The index is published monthly by BuySell Cyprus Real Estate, a real estate advertiser. The company started to produce its price index in 2004. It shows the movement of prices at which residential property in Cyprus are sold and is based on an average of around 400 to 500 home sales/month.

Estate Agents Confident that Spanish Property Crisis won’t Affect Cyprus

Estate agents and property specialists have said that the predicted collapse of the Spanish housing market will not affect Cyprus. Paris Zachariades, Executive President of Century 21, a global player in the real estate network, yesterday told the Mail that the market in Cyprus was still on an upward trend due to low interest rates. […]

Fraud in the Making

Suddenly the Cyprus Ministry of the Interior and the press have realised that a new type of property titles for which we have written in this and other newspapers over two years ago, is a fraud in the making against unsuspecting buyers, especially the foreign ones who rely to a large extent on their solicitors. […]

Cyprus property market heading for crash

Following the patterns recently reported in the Spanish property market that the housing market is on the brink of collapse, Cyprus the destination for many holiday home buyers from the UK is recording negative drops in value. Much of the problem lies in the fact that the property developers in Cyprus have over developed certain […]

Issue of Building Permit for Cyprus Property

I have read your book and as I understand it, Planning Permission must be granted before applying for a Building Permit.Is my understanding correct or can my architect apply for a building permit at the same time? Many thanks Answer That’s right, your architect usually needs to have secured Planning Permission before he/she can apply […]

Cyprus Property: Getting Right-of-Way

I have a plot which does not have direct access to the public highway; can you advise me how to about getting access to my property officially? I understand that if it is within 300′ from a road then you can get it, but I’m not sure of the procedure. It’s quite possible you have […]

Buying Cyprus Property? Beware of Hidden Extras!

CYPRUS is placed 14th out of 37 European countries when it comes to transaction costs in purchasing a house, with buyers needing an extra 11 per cent to cover fees and charges when they buy here. A study by the Global Property Guide shows 23 countries with lower transaction costs than Cyprus, including Malta at […]

Property Buyers Warning

There are many retired Britons living in Cyprus who prey on the fears (and wallets) of their fellow countrymen. Acting illegally as property middlemen, they receive a finders fee or commission from their ‘friends’ in the property business when they introduce would-be purchasers. It makes no difference whether you allow yourself to be conned by […]

Financing of Real Estate Acquisitions in Cyprus

Securing finance for the acquisition of real estate is being developing constantly in Cyprus. The financial institutions up to the year 2003 did not look upon financing for such purposes, as being an attractive proposition for them and the amount of the loans was around up to 50% of the purchase price and with a […]

Cyprus Home Price Index up 0.8 percent in March

The index is published monthly by BuySell Cyprus Real Estate, a real estate advertiser. The company started to produce its price index in 2004. It shows the movement of prices at which residential properties in Cyprus are sold and is based on an average of around 400 to 500 home sales/month. When the index started […]

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