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15th August 2022
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President signs controversial foreclosure law

A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the country’s finance minister who accused lawmakers of populism. President Nicos Anastasiades...

President sends back foreclosure and VAT bills

President Nicos Anastasiades has refused to sign off on and has sent back to parliament three bills passed by the House recently - two...

Central Bank dispels property bubble fears

Currently, the real estate sector is not a destabilising factor for the banking system, nor are there concerns over a property bubble or residue...

Real estate sector more difficult in coming months

Cyprus' real estate sector is exhibiting resilience and adjustability, Council for Registration of Real Estate Agents president Marinos Kineyirou said on Monday. However, Kineyirou warned...

Ageing buildings need urgent inspection

Cyprus' older buildings must undergo immediate inspection, while authorities should introduce mechanisms to prevent incidents like the collapse of two balconies in Paphos from...

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...

Average cost of building a house up 20%

People wanting to buy a house in Cyprus are constricted by an upward trend in construction costs and materials, with the latest figures showing...

Property sales forging ahead (Update)

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

Rises reported in most real estate categories

In its overview of real estate activity in Cyprus during the first quarter of 2022 RICS Cyprus with KPMG in Cyprus reports that transactions...

Cyprus property values and numbers growing

The Cyprus property market is growing while getting pricier, as the number of properties rises by 1.5%, while their overall value increased by 2.2%...

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...

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...

Value that tree house!

Most people will simply calculate the total amount they paid for their house (i.e. cost of buying the vacant parcel/plot plus their total construction...
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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...

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...
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