All reports tagged with: "apartments"
Limassol marina construction at full speed
Work on one of the most ambitious projects in Cyprus, the construction of a new marina in Limassol, is running at full speed and is expected to be ready to receive yachts in October 2012.
Massive development planned for Cyprus
Plans for the largest development ever to be undertaken in Cyprus have come to light. We understand that the massive construction project, which will create 6,000 new jobs and attract more than half a million tourists each year, will get under way shortly.
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.
Misleading holiday home advertisements banned
A Cyprus property owner has been rapped by advertising watchdogs for posting misleading and untruthful descriptions of an apartment and luxury villa on holiday websites by the Advertising Standards Authority in the UK.
Building permits for Cyprus residential property falls
Figures released today by the Cyprus Statistical Service (CYSTAT) show that building permits for the construction of 1,161 residential properties were authorised in July 2009; down by nearly 40% on the 1,925 authorised in July last year.
Illegal tourist rentals in Cyprus
Official figures reveal that one third of all tourists arriving in Cyprus stay in unlicensed holiday accommodation. The situation is exacerbated by developers who promote their villas and apartments as being suitable for ‘buy to let’ holiday homes.
Cyprus market at risk from unsold houses
The ever increasing number of unsold apartments and houses in Cyprus is placing a heavy financial burden on the developers. As well as having to service their mortgages, developers have to pay for the maintenance and upkeep of their unsold properties.
Building permits for residential properties down
According to the latest figures from the Cyprus Statistical Service (CYSTAT) building permits for the construction of 1,252 residential properties were authorised in April 2009; down by almost a quarter on the 1,658 authorised in April last year.
Non-Cypriot demand for property collapses
Demand for properties by non-Cypriots in the first five months of the year has fallen by nearly 80%. Some estate agents believe that a full recovery will not happen before 2012.
Gullibles travels in Cyprus: The overseas property exhibition
The misadventures of an inexperienced property investor and his wife in their quest to buy a jet-to-let holiday apartment in Cyprus.
