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24th April 2024
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Yearly Archives: 2009

Property sales to non-Cypriots improve slightly

Compared to previous months, the number of non-Cypriots buying property in November improved slightly. But as December is normally the quietest month for property sales, it seems unlikely that the total number of properties sold to foreigners will exceed 1,900 this year.

Cyprus property sales: December 2009 report

The number of properties being sold in Cyprus improved marginally last month. However, demand is still very low compared to previous years and some believe the Island’s property market will never return to the heady days of 2007.

Limassol marina weighs anchor

After more than 20 years of planning, proposals, legal wrangling and bureaucratic delays, construction work on the first of the five big marina projects in Cyprus may start in the next couple of months.

Cyprus property dealer murdered

Police are investigating the murder of a property dealer whose body was found on a beach in the Ayios Tychonas area of Limassol yesterday morning. A pathologist has confirmed that the man had been strangled.

Property buyers rights to be strengthened by new law

The Cyprus Interior Minister, Neoclis Sylikiotis, has asserted once again that the draft legislation currently under discussion is designed to strengthen the rights of property buyers and will create healthier conditions in the Island's real estate market.

Situation is critical says Cyprus Central Bank governor

Long term reforms are urgently needed to buffer the critical economic problems plaguing the island, the governor of the Cyprus Central Bank said yesterday.

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