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Surge in new homes construction

July saw another surge in the building of new homes with a 40.6 per cent increase in the number of building permits issued for their construction compared to the same period in 2016.

Cyprus house price index up 3.1 per cent

The Cyprus house price index (HPI) rose by 3.1 per cent in the second quarter of the year and 3.6 per cent on an annual basis according to a preliminary estimate by the Statistical Service.

Some relief for blighted Paradise Hills

Home buyers on the blighted Paradise Hills estate at Marathounda in Paphos may receive assistance from the authorities to prevent a repetition of last winter’s heavy flooding caused by a rainwater drainage pipe.

Cyprus faces “sizeable downside risks”

Following its mission to Cyprus the International Monetary Fund said that “sizeable downside risks” still exist, citing an extremely high private sector debt and a high proportion of non-performing loans (NPLs).

Planning & building permit overhaul

The time consuming and frustrating bureaucracy involved in obtaining building & planning permits in Cyprus may be overhauled provided the recommendations of Austrian experts are adopted.

Cyprus denies ‘selling’ EU citizenship to rich

Cyprus Finance minister Harris Georgiades has said that reports in the Guardian newspaper concerning the granting of EU citizenship to billionaire Russians and Ukrainians are exaggerated.

How much have property prices changed?

The RICS (Cyprus) Property Price Index for the first quarter of 2017 reported that prices for residential properties rose, but how much have prices changed in your area since the index was introduced?

New home building permits up in June

The number of new homes in Cyprus for which building permits have been issued rose in June 2017 compared to the same period last year according to the Cyprus Statistical Service.

Rise in overseas property sales continues

The steady increase of overseas property sales Cyprus continued in August according to the latest official statistics published by the Department of Lands and Surveys with sales in Famagusta leading the way.

Cyprus Central Bank: home prices rising

The Cyprus Central Bank’s ‘Residential Property Price Index’ reports that home prices in Cyprus rose 0.3 per cent during the first quarter of 2017 compared to the previous three months; the third consecutive quarterly increase.

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