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Archive for 2010

Property sales improved in January 2010

According to figures published by the Cyprus Department of Lands and Surveys, property sales improved last month compared to the number sold in January 2009.

Heavy January rains bring relief from water cuts

Michalis Polynikis, the Cyprus Agriculture Minister, has announced that water cuts will be lifted from today as a result of January’s heavy rains.

Is property in Cyprus overpriced?

In the wake of Cyprus’ remarkable real estate boom many people believe that property on the Island is overpriced. Here is a simple test to see if they are correct.

Building permits down again

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,285 residential properties were authorised in November 2009.

CPAG update on transfer taxes and IPT

Earlier today CPAG, the Cyprus Property Action Group, issued an update regarding transfer taxes (Property Transfer Fees) and IPT (Immovable Property Tax)

Managing Cyprus apartments and building complexes

Many people buying apartments in Cyprus and units in building complexes are unaware of how they are managed and their obligations. Louise Zambartas explains.

Bank of Cyprus loan for Limassol marina

An agreement has been reached between the Bank of Cyprus and Limassol Marina Limited for a loan for the construction of the new marina which should open in 2012.

RICS Cyprus property price index published

Earlier today, RICS Cyprus published the first issue of its property price index which is based on a methodology developed by Reading University in the UK.

Final contracts for Limassol marina signed

Yesterday Antonis Paschalides, the Cyprus Minister of Commerce, signed the two final agreements signalling the start of construction work on the Limassol marina.

E-Clear collapse linked to Cyprus development company

Investigators have learnt of a possible link between that collapse of the credit card company E-Clear and a property development company in Cyprus.

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