Latest Headlines

Investor Centre

The end of Cyprus’ remarkable real estate boom

The amazing Cyprus real estate boom is over. The weak pound and the UK economic problems have prompted potential British buyers, who account for 70% of overseas property sales, to look elsewhere according to a report by the influential Global Property Guide.

Property prices and gross rental yields

Cyprus property investors should expect to pay in the region of €2,004/sq.m for a 120sq.m apartment in Paphos and expect to receive a gross rental yield of 2.83% according to the latest figures published by the Global Property Guide.

Cyprus slips to seventh place

The popularity of Cyprus amongst those searching for overseas property slipped two places last month moving it behind Turkey and Italy in the list of the top 10 overseas property searches on the PropertyAbroad.com website.

Cyprus sale achieves €8.8 million

Brave property investors exchanged shares valued at €8.8 million for Cyprus holiday homes. Although somewhat less than the sales target of €50 million, Dolphin MD declared the shares-for-property swap programme a success.

Qatari investment deal collapses

It seems that the Qatari plans to invest in the development of a €500 million mixed-use real estate project in Nicosia may have collapsed

September start for Limassol marina

According to the Mayor of Limassol, Andreas Christou “The construction of the Limassol Marina is of national importance to Cyprus as it will benefit the city’s trade and economy”.

Bank of Cyprus to cut mortgage rate

The Bank of Cyprus will cut its base mortgage rate by 1% in early June, bringing it down to 4.25%. However, overseas property investors may not benefit from the rate cut as it will only apply to mortgages

How to avoid buying into a bubble

It is very important how to work out what a property is actually worth, from a fundamental perspective. The Global Property Guide has written this article to help ensure you’re not over-paying!

Housing loans highest in euro area

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.

Developers hope for 2010 recovery

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.

Back to top