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25th April 2024
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News

House prices down by 1.3 per cent

House prices in the euro zone were down by 1.3% in the third quarter of 2013, according to new figures from Eurostat, the EU statistics agency, with Cyprus one of the countries with the largest falls.
News

House prices in the west and east holding up

The eleventh issue of the RICS Cyprus Property Price Index shows that house prices in Paphos and Paralimni/Famagusta are holding up, while house prices in other areas and apartment prices across the island continue to fall.
Articles

Transfer tax cut no use while house prices stay inflated

Despite the recession, house prices in Cyprus remain grossly inflated and it is highly unlikely that the suspension/reduction in Property Transfer Fees will have the desired effect until property prices fall to reasonable levels.
News

House prices drop, bad loans rise

In April we reported that the price of property in Cyprus had fallen by more that nine percent during 2010; our figures were based on the RICS (Cyprus) Property Price Index. In its latest Economic Bulletin, the Central Bank paints a somewhat rosier picture.
Articles

Prices & valuations what is your house worth?

Why is my neighbour's house better than mine, but my house is more expensive than his? This article examines the concepts and differences between the price of a house, its value and its worth.
Investment

Time to buy? House prices fall 20-30 percent

Although prices of property in some part of Cyprus have fallen by as much as 30 percent, the risk in the market has increased and calls for extreme caution by prospective buyers and their lawyers warns leading expert.
News

Orams must demolish house in occupied north Cyprus

David and Linda Orams will have to demolish their house in occupied northern Cyprus after the Court of Appeal ruled orders from a Nicosia court must be enforced.
News

BuySell Cyprus sues Brit for selling his own house

BuySell Cyprus Real Estate is suing a UK-based Briton for commission on the sale of his three bedroom house in Peyia even though he managed to sell it to a Greek Cypriot through his own efforts.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate. 

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

Cyprus Property News also has an on-line Cyprus Property Forum where individuals wishing to buy or sell property and those who are facing problems can seek independent advice completely free of charge.

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