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Monthly Archives: May, 2009

News

Tax rebate for British second homeowners

Editorial -
Many Britons who let out their European holiday homes could be entitled to a tax rebate under measures announced in April's budget. However, from next year
Investment

Housing loans highest in euro area

David Crowther -
According to the European Central Bank, Cypriot banks charge the highest interest rates for housing loans in the euro area. The gap between the average housing loan in Cyprus and that of other countries in the euro area is 239 base points.
Articles

Real estate needs to go back to basics

Editorial -
In this time of great economic uncertainty and lack of liquidity, many real estate companies are looking for ways to effectively manage risk, streamline operations, and enhance their business relationships
Legal Matters

Council of Ministers restriction lifted

Nigel Howarth -
We have been advised that non-resident EU citizens no longer require a Council of Ministers Permit to own property. We hope to be able to confirm this in the next few days.
News

Building permit numbers up

Alan Lawton -
From the CYSTAT figures it is impossible to say whether the number of homes being built in Cyprus is increasing or not. It is common knowledge that developers build properties illegally
Investment

Developers hope for 2010 recovery

Demetra Molyva -
Property developers are optimistic that the real estate sector will recover from the economic crisis in 2010, provided the necessary measures are taken by the government.

Top Stories

About us

Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate. 

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

Cyprus Property News also has an on-line Cyprus Property Forum where individuals wishing to buy or sell property and those who are facing problems can seek independent advice completely free of charge.

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