Cyprus Property News magazine for overseas buyers & real estate investors

Sunday, May 31, 2020

News

News

Cyprus real estate stricken by pandemic

Kyriacos Kiliaris -
Pundits believe that the Cyprus real estate market will suffer a significant downturn as a result of the coronavirus pandemic, which is mainly supported by foreign investment and demand.
Read more

€2000 demanded to correct Pissouri fake news

News Nigel Howarth -

Conor O’Dwyer loses Supreme Court appeal

News Nigel Howarth -

Larnaca port and marina gets go ahead

Marinas Editorial -

Foreclosure warning letters on the rise

News Annie Charalambous -

Prices

Property Prices

Cyprus house price index falls

Nigel Howarth -
The Cyprus house price index (HPI) fell by 3.7 per cent in the third quarter of 2019 and by 4.8 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
Read more
Property Prices

House prices not recovered from 2007 crash

Nigel Howarth -
House prices and rents in Cyprus have yet to recover to the levels last seen before the island's property market bubble burst in 2007 according to the statistical office of the European Union (Eurostat).
Read more

House price index falls 5.9 per cent

Property Prices Nigel Howarth -
The Cyprus house price index (HPI) fell by 5.9 per cent in the third quarter of 2019 but rose by 2.3 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).

RICS Cyprus property price index Q2 2019

Property Prices Nigel Howarth -
The RICS Cyprus Property Price Index for the second quarter of 2019 reports that residential prices for houses and apartments increased by 1.2% and 1.4% respectively on a quarterly basis.

House prices rise 0.8 per cent

Property Prices Nigel Howarth -
The Cyprus house price index (HPI) rose by 0.8 per cent in the first quarter of 2019 and by 4.3 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).

House prices up 0.8 per cent in Q1 2019

Property Prices Nigel Howarth -
The Cyprus house price index (HPI) rose by 0.8 per cent in the first quarter of 2019 and by 4.3 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).

SALES

Property Sales

Foreign property sales take a big hit

Nigel Howarth -
Sales of property in Cyprus to foreigners took a big hit in March following the blanket ban on passenger flights and other measures introduced by the government to contain the spread of coronavirus.
Read more
Property Sales

Coronavirus fears hit Cyprus property sales

Nigel Howarth -
Sales of property in Cyprus suffered a significant downturn in March as coronavirus fears hit house buyers and sellers, how long it will last probably depends on how long it will take to get the pandemic under control.
Read more
Property Sales

Cyprus property sales fall in February

Nigel Howarth -
Property sales in Cyprus fell by 11 per cent in February 2020 compared to February 2019 and by 7 per cent in the first two months of the year according to official figures from the Department of Lands and Surveys.
Read more
Property Sales

Twice as many property sales to non-EU citizens

Nigel Howarth -
More than twice as many property sales were made to non-EU citizens than EU citizens in January according to official statistics published by the Department of Lands and Surveys last Friday.
Read more
Property Sales

Disappointing start for property sales

Nigel Howarth -
Property sales got off to a disappointing start in the first month of the new decade, but stayed ahead of the number sold in January 2017 according to official figures from the Department of Lands & Surveys.
Read more
Property Sales

Rise in property sales attributed to local & EU buyers

Nigel Howarth -
The 12 percent year-on-year increase in the number of property sales in Cyprus during 2019 was attributable to Cypriots and EU citizens, while the number of sales to non-EU citizens remained stable.
Read more

MARINAS

Marinas

30-year Paphos marina saga continues

Bejay Browne -
The thirty-year saga of the Paphos marina continues with news that moves to study a proposal to create the marina at Kissonerga with docking facilities for cruise ships is about to get underway.
Read more
Marinas

Ayia Napa Marina starting operations soon

Editorial -
Ayia Napa marina is in the final phase of construction and is gearing up for the start of operations with the entrance and berthing of the first boat on January 27 marking the beginning of the marina’s pilot operations.
Read more

Paphos marina may have cruise ship facilities

Marinas Nigel Howarth -
The cabinet has given the green light for a study that will look into the possibility of building facilities for cruise ships as part of a proposed Paphos marina at Kissonerga Potima Bay to the north of the town.

More work needed on Ayia Napa marina

Marinas Staff Reporter -
Although progress with the construction of the Ayia Napa marina is moving ahead as planned, it seems that more time may be needed to complete some of the infrastructure needed for the project.

JOINTLY OWNED BUILDINGS

Jointly Owned Buildings

You have insurance but are you insured?

Nigel Howarth -
The heavy winter rains have resulted in many insurance claims but as many have found to their horror, although their insurance premium has been paid, they discover that they're not insured when they make a claim.
Read more
Jointly Owned Buildings

Swimming pool laws set to hit tourism revenues

Bejay Browne -
Barring a miracle, swimming pools in privately owned complexes, such as the Royal Seacrest in Kato Paphos, will remain closed this year affecting tourist revenues and local businesses.
Read more

Communal fees – sinking fund

Jointly Owned Buildings Nigel Howarth -
Some Management Committees in Cyprus have set up a 'sinking fund'; money set aside to replace/renew/repair items like swimming pool equipment, watering systems, external redecoration, etc.

Complex management seminar

Jointly Owned Buildings Nigel Howarth -
The Almyra hotel in Paphos is the venue for a free seminar to be held in November covering communal ownership, management committees and general management of communal areas.

The Cyprus swimming pool nightmare

Jointly Owned Buildings Christiana Achilleos -
Taking criminal proceedings against owners and Management Committees who fail to comply with the swimming pool law and regulations will damage the Cypriot economy - especially tourism.

Swimming pool owners face court action

Jointly Owned Buildings Nigel Howarth -
The owners of unlicensed communal swimming pools are facing court action following inspections carried out by the Paphos Municipality who insist that pools must be licenced, inspected daily and a lifeguard appointed.

TITLE DEEDS

News

Developers seek to self-finance projects

Editorial -
Property developers are looking to self-finance construction projects due foreign investors fearing possible difficulties obtaining Title Deeds if developments are mortgaged and banks imposing stricter criteria for granting loans.
Read more

Planning issues the victim has to pay

Title Deeds Nigel Howarth -

New trapped buyers bill vote tomorrow

Title Deeds Annie Charalambous -

MPs in new bid to help trapped buyers

Title Deeds Bouli Hadjioannou -

Solution for trapped buyers edging closer?

Title Deeds George Psyllides -

WEATHER IN CYPRUS

Cyprus
clear sky
13.8 ° C
16 °
11.7 °
77 %
1.5kmh
9 %
Sun
23 °
Mon
24 °
Tue
27 °
Wed
23 °
Thu
23 °

EXCHANGE RATES

EUR - Euro Member Countries
GBP
1.1115
RUB
0.0128
CNY
0.1262
CHF
0.9362

CYBC NEWS IN ENGLISH

COVID-19

About us

Established in 2005, 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. 

Our mission

We aim to create a space on Cyprus Property News where readers can exchange intelligent and informed commentary that enhances the quality of our news and articles.

We value thoughtful comments representing a range of views that make their point politely. A few things we will not tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes) and commercial promotion.

Information pages

© Copyright - Cyprus Property News 2005 - 2020