Latest Headlines

Reports written by Nigel Howarth

Cyprus property price index Q2 2018

The RICS Cyprus Property Price Index for the second quarter of 2018 reports that residential prices for houses and apartments increased by 1.3% and 2.1% respectively on a quarterly basis.

September 2018 building permits

Official figures released by the Cyprus Statistical Service report that 588 building permits were authorised in September 2018 for the construction of new homes, civil engineering projects, etc.

Small rise in November property sales

There was a small rise in the number of Cyprus property sales in November 2018 compared to November last year according to figures published today by the Department of Lands and Surveys.

Property news in brief

Over the past week a number of news reports concerning property in Cyprus have appeared in the local media about non-performing loans (NPLs), recent property deals and the bank of Cyprus.

Is it safe to buy property in Cyprus?

“Is it safe to buy property in Cyprus?” is a question I’m constantly being asked and although changes to the law in recent years have improved the situation, some buyers are still at risk.

453 new homes in August

The number of building permits for the construction of new homes in Cyprus rose 85.7 per cent in August 2018 compared to the corresponding month last year providing for the construction of 453 new homes.

Property sales up 6% in October

The number of property sales in Cyprus continued to rise in October with the number of sales contracts deposited at Land Registry Offices across the Republic up 6 per cent compared with October 2017.

Cities vie for real estate investments

Limassol and Paphos account for the majority of foreign real estate investors, but Nicosia is catching up with a 34 per cent increase in contracts of sale deposited compared to last year.

Cyprus second in EU for residence permits

During 2017 Cyprus issued the second highest number of residence permits of all the EU member states; 22.1 per 1,000 Cypriot citizens; Malta was in first place with 23 permits per 1,000 Maltese citizens.

Complex management seminar

The Almyra hotel in Paphos is the venue for a free seminar to be held in November covering communal ownership, management committees and general management of communal areas.

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