Cyprus Property News for home buyers and real estate investors

Wednesday 16th June 2021
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Up to nine complaints a day about estate agents

The Cyprus Real Estate Registration Council revealed on Monday that on average three to nine cases of malpractice within the sector are reported daily in the island. According to the...

New high-rise in Limassol

The Department of the Environment has given the green light for the construction of a 15 storey high-rise in Limassol. The proposed development is located...

Paphos marina delayed yet again

The creation of a long-anticipated marina to serve Paphos has been held up again, following a complaint raised by one of the parties, the...

Real estate indicators improving

Cyprus’ macroeconomic performance throughout 2021 will remain under pressure, with downward annual variations in several indicators influenced by the ongoing pandemic. However, when the health...

Central Bank worried about falling property prices

In its recent financial stability report, the Cyprus Central Bank notes that "even a relatively small deterioration in the performance of the property sector...

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Domestic property sales leading the recovery

Figures released by the Department of Lands and Surveys reveal that Cypriot purchasers are leading the recovery with property sales in April up an...

Marginal fall in residential property prices

Residential property prices dropped a marginal 0.2% in the fourth quarter of 2020, its second marginal consecutive quarterly reduction, with the government’s interest rate...

Building permits record small recovery

The number of building permits authorised in Cyprus during February 2021 stood at 656; an increase of 11% compared to February 2020 according to...

Cyprus property sales surged in March

After a disappointing start to the year property sales in Cyprus surged in March, 12 months after the country went into lockdown according to...

Cyprus house price index up 4.7%

The Cyprus House Price Index (HPI) rose by 4.7 per cent in the fourth quarter of 2020 compared to the previous quarter according to...

Building permits authorised for 752 new homes

The construction of 752 new homes was authorised in December 2020 compared to the 1,107 authorised in December 2019 according to official statistics from...

Cyprus real estate market review

PwC Cyprus 'Cyprus Real Estate Market – Year in Review 2020' provides insights into the behaviour of the Cyprus economy in general and presents...

Buying properties from banks or investment funds

After 2015, many properties passed into bank ownership, mainly through debt-to-asset swaps or foreclosures. Subsequently, some were acquired by credit acquiring companies, and, in the...

Managing toxic loans outside the banking system

Terms like "non-performing loans", "foreclosures", "loan sales" entered our lives in the last decade as a result of the global financial crisis, as well...

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Cyprus files first golden passport prosecution

Cyprus has filed its first criminal prosecution in a disgraced citizenship by investment (aka golden passport) scheme abolished last year after an Al Jazeera’s...

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...

EU demands respect for Cyprus Audit Office

The EU has come out in support of the Cyprus Audit Office and Auditor General Odysseas Michaelides in his efforts to investigate the island's...
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