Cyprus Property News for home buyers and real estate investors

Saturday 6th March 2021
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First court ruling against bank for unfair terms

Lawmakers on Thursday welcomed the first court judgement against a bank for unfair terms of contract, but still harangued the banks for acting with...

Pandemic hits holiday home rental prices

The coronavirus pandemic has struck a blow to the market of holiday homes all across the world and Cyprus is no exception, according to...

Government extends interest rate subsidy scheme

The government has extended the interest rate subsidy scheme for housing and corporate loans until the end of 2021 and raised the ceilings for...

Cyprus failing to enforce EU unfair practices laws

News that the European Commission has sent a reasoned opinion to Cyprus for failing to properly implement and enforce EU law on unfair contract...

Bad bank would reduce debt mountain

Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans to focus on supporting a...

Cyprus news in English

Cyprus Coronavirus News

Domestic sales hit by pandemic

Property sales to the Cypriot market fell in January compared to January 2020 according to official figures published earlier today by the Department of...

Cyprus house price index falls

The Cyprus House Price Index (HPI) fell by 4.8 per cent in the third quarter of 2020 compared to the previous quarter according to...

New home construction steadies

Despite a fall in the number of building permits authorised for building new homes in November 2020 compared to the same month in 2019,...

Fall in property sales hits all market segments

The year-end fall in property sales we reported yesterday has affected all market segments according to official statistics published by the Department of Lands...

Cyprus house prices rise despite pandemic

House prices continued their upward trend in the second quarter of 2020, recording a quarterly increase of 0.9% from an 0.4% rise in the...

New homes construction falls 37 per cent

Following the 51% rise in the number of building permits authorised for the construction of new homes in August, September saw a fall of...

Do not tamper with the foreclosure law

Cyprus Central Bank governor Constantinos Herodotou on Friday warned MPs against tampering with the foreclosure law which could lead to further delays in banks...

Construction sector feeling the squeeze

Following the demise of Cyprus "golden passports" scheme compounded by coronavirus the construction industry is suffering but has options. The sector is relying on housing...

Cypriot buyers only constant in property market

The repeal of the Citizen by Investment Programme (CIP), the consequences of the pandemic – economic and social – and the general prevailing uncertainty...

Buying property in Cyprus and visiting post Brexit

When the Brexit transition period came to an end on 1st January 2021, UK citizens became "third country" nationals; a generic term describing non-EU...

Cyprus weather forecast

EUR - Euro Member Countries
GBP
1.1615
RUB
0.0113
CNY
0.1292
CHF
0.9014

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Developers want more from residency scheme

Following the collapse of the Cyprus Citizenship for Investment Scheme, developers of large projects urge the government to make the residency programme "more functional...

You have insurance but are you insured?

Over the past few of months I've had received several emails from people complaining about problems they're having getting insurance companies to pay for...

Bills meant to help troubled borrowers withdrawn

Ruling Disy MP Averof Neophytou on Monday withdrew bills intended to provide tax relief to borrowers with non-performing loans, after it emerged that the...