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7th October 2022
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Warning of unsafe areas to build in Cyprus

Property News
The Cyprus Geological Survey Department is warning citizens regarding the protection of their immovable properties, reviewing the geological suitability zones where investment is not recommended. The Department has defined 13...

News

Fast-tracking building permits a success

The fast-track licensing - town planning and building permits - has proven immensely successful and there will now be an overhaul for larger projects...

Construction industry riddled with uncertainty

Despite building materials falling in price, the ongoing energy crisis has Cyprus developers unwilling to greenlight new construction projects until they have a clearer...

Compromise VAT bill on new homes

The government has retabled a bill for reduced VAT on first homes, aiming to find the sweet spot between MPs' concerns and the European...

The story that keeps on giving

Cyprus' disgraced 'golden passport' scheme, officially known as the Citizenship for Investment scheme, is a story that just keeps giving with numerous reports and...

Cyprus news in English

Cyprus Coronavirus News

Sales

Best eight months for real estate since 2008

According to official figures from the Department of Lands & Surveys, 972 real estate sale contracts were deposited at Land Registry offices in August...

Prices

Property prices & rents continue to rise

Ask WiRE, combining real estate knowhow with technology, has published its Q2 2022 edition of the Ask WiRE Index for property sale and rental...

Statistics

Construction material prices up 16.69 per cent

The price index of construction materials rose 16.69 per cent in August on an annual basis compared with July when they rose 17.52 per...

Property sales continue to rise

For the seventh consecutive month property sales in Cyprus reached a 14 year high in July as measured by the number of contracts deposited...

House price index up 1.1% year-on-year

The Cyprus House Price Index (HPI) rose by 1.1% per cent on an annual basis in the first quarter of 2022 according to preliminary...

Construction material prices continue to rise

Construction material prices rose 17.52 per cent in July on an annual basis compared with June when they rose 19.42 per cent according to...

Articles

Real estate market boosted by demand for offices

The Cyprus real estate sector is proving remarkably resilient, shrugging off the effects of hiking inflation as demand for housing units and office space...

Credit acquiring companies and ‘bad’ practices

The latest Financial Stability Report published by the Central Bank of Cyprus (CBC) states "Credit Acquiring Companies (CACs) must possess the tools available to...

Where is the Cyprus property market heading?

I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the...

Danger of electrocution in older homes

Residents of some 60 to 70 per cent of older homes face possible electrocution due to the age of the power supply switch, which...

Property market not going through a bubble

Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the Cypriot property market is not currently going through a...

Cyprus weather forecast

EUR - Euro Member Countries
GBP
1.1477
RUB
0.0170
CNY
0.1411
CHF
1.0233

Marinas

Title Deeds

Swiss Franc Loans

Property Investment

British Bases deal triggers real estate prospects

Cypriots owning land in non-military areas inside the British Bases can sell or develop their property, following a milestone agreement between Cyprus and the...

Jointly-Owned Buildings

New Jointly-Owned Buildings Law drafted

Anyone who's had dealings with the Jointly-Owned Buildings Law will agree that it's in dire need of revision. I get as many complaints and...

Legal Matters

MPs seek deal on reduced VAT for new homes

MPs seek a compromise on reduced VAT for first homes after the European Commission initiated infringement proceedings against Cyprus over the discount. Green MP Stavros...
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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

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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