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All reports tagged with: "property market"

Limassol rents spike as market booms

A property market boom in Limassol has driven up rents as demand for housing has outstripped supply as more companies have moved to the area seeking accommodation for their staff.

Optimism in the construction sector

The future of the island’s construction sector is optimistic, but repeating the illegal and short-sighted practices of the past will have extremely negative consequences on everyone.

Cyprus has made limited progress

Cyprus has made limited progress with implementing the 2016 country-specific recommendations said the European Commission in its country report on Cyprus issued earlier today.

Citizenship for sale controversy

The Cyprus property market could be hit by a fall in property prices if investors granted a Cypriot passport under the citizenship-for-sale scheme decided to sell their property after three years.

More work needed on Title Deeds

There is still considerable work to be done on what the EC refers to as “the currently dysfunctional Title Deeds issuance and transfer system” in its post-programme surveillance report on Cyprus.

Property sales recovery strengthens

Property sales in Cyprus increased in June 2016 compared to the same period last year, according to official statistics published by the Department of Lands and Surveys, with sales up 42 per cent.

Keep calm and carry on, expats urged

British expats in Cyprus have been advised to keep calm and carry on following Thursday’s BREXIT vote that has left many of them fearful of what the future may hold once Britain leaves the EU.

Property market review & expectations for 2016

Transaction volume in the property market will remain at low levels throughout 2016 with prices of prime assets bottoming out during the first half of the year, with demand for secondary assets almost non-existent.

Property price correction is not over

Common sense tells us that property prices in Cyprus have yet to reach rock bottom and that anyone who believes that they are about to increase must be living in cloud cuckoo land.

Sales offer glimmer of hope for property market

Although property sales in Cyprus remain at historically low levels, latest figures from the Department of Lands and Surveys offer a glimmer of hope that the rate of decline may be slowing.

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