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Paphos marina on hold

A LEGAL battle has erupted over the tendering process for the new Paphos marina at Potima Bay area of Kissonerga that may result in its construction being put on hold. The Pandora Group (Leptos) was awarded the contract last June following a hotly contested bidding process with Aristo and Pafilia. But Aristo, the runner-up in […]

Disneyland-style theme park at Pyla?

The proposed theme park will cover an area of some 600 donums (around 80 hectares) and could be situated in the UN buffer zone that currently separates the Greek & Turkish Cypriot communities.

Cyprus property forecasts for 2009

The majority of those who took part in the StockWatch survey consider that the turning point came with the collapse of Lehman Brothers in the US and the expansion of the financial crisis into Europe and the UK.

Cyprus property sector facing long recession

It seems that the Cyprus property sector will experience a long period of recession and things may deteriorate over the coming three years. Antonis Loizou made his forecasts on the current situation in a recent interview with Stockwatch and emphasised the fact that prices of tourist properties have already fallen by as much as 20%. […]

Qatari Diar Real Estate and Cyprus sign deal

Qatari Diar are delighted to have signed this Memorandum of Agreement. We believe that this project highlights the strong relationship between our two countries and we look forward to working in Cyprus on the development.

New residential resort coming to Cyprus

NIKKI Beach EMEA Hotels and Resorts have signed a management agreement with south-east Mediterranean resort developer Dolphin Capital Investors, to operate a five-star resort in Cyprus. Scheduled to open in 2012, Nikki Beach Resort and Spa will be built within the Venus Rock Golf Resort in Paphos. With property sales handled directly by Dolphin through […]

Cyprus property: long term investment rating

The long-term investment rating and prospects for Cyprus are also looking very shaky. On the 11th November, the influential Global Property Guide published its Country Investment Ratings for 69 locations around the world.

Cyprus 13th in Top of the Props

IN THE September 2008 Top of the Props chart published by themovechannel.com, Cyprus maintains its position at number 13. The most popular investment destination for British overseas home buyers for a second successive month was the USA, followed by Portugal (up 4 places to number 2) and the United Arab Emirates (up 1 place to […]

EU predicts slowdown in Cyprus property market

THE EU Economic Forecast autumn 2008 predicts a slowdown in the Cyprus Property market. Global growth slows sharply and with the financial crisis having escalated, economic growth in the euro area and the EU grinds almost to a standstill. Subdued real estate activity weighs on 2009 In 2009, economic activity is foreseen to decelerate further […]

Top 5 tips: Buy Cyprus property safely

Buying property is not a process to be rushed. You need time to research the market as a whole and your particular destination of choice.

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