Cyprus Property News magazine for overseas buyers & real estate investors

Sunday, May 31, 2020

Yearly Archives: 2006

Warning Signs of Worse to Come

MY brother, Dr Christopher Solomon, a retired university professor (his quantum mechanics doctorate investigated Einstein’s Theory of Relativity), lives in a recently constructed bungalow...

Developer Held as British Families Complain of Fraud

PAPHOS police yesterday arrested and remanded in custody a developer on suspicion of obtaining money from four British families with intent to defraud. Costas Papaioannou,...

Cyprus Building Permits up 13.6% in Jan-July

Civil engineering booms, hotels out of favour. The number of building permits authorised rose by 28.3% year on year to reach 788 in June and...

Planning Changes Spark Controversy

EVEN before they are fully published, the Local Plans, extending the building zones in the major towns, are causing widespread controversy. What is causing the...

Unscrupulous Developers Need to be Taken to Task

DEPUTIES examining the long delays in the issuing of title deeds to homebuyers appeared to have finally understood the main cause of the problem...

Title Deeds Nightmare to End Up on Channel 4

BRITISH broadcaster Channel 4 is coming to Cyprus after being contacted by expats who have bought property on the island and not received their...

Cost of Construction up 3.9%

According to CYSTAT data released on Monday, the Building Material Price Index recorded an increase of 3.9% in September 2006. Specifically, the price of electromechanical...

Where are the Best Areas to Buy Rental Property in Cyprus

Question We're thinking about buying an Apartment, which we will need to rent out, what are the best areas to look at? Answer First, Do not go...

Choosing your Property Developer

Don't assume that bigger is better; the size of a company is no guarantee that its properties are of an acceptable quality. You may...

Construction Quality

The quality of construction of Cyprus property varies greatly. If you are looking to buy a property, here are a few things you should look out for

Construction Methods

The method used for building property in Cyprus is quite different to that used in many other European countries, including the UK. The island is...

Buying New Property in Cyprus?

I was once asked the question "Why are all villas and apartments for sale in Cyprus advertised as being 'luxury properties'?" I replied "Because...

Cyprus Property and Title Deeds

Cyprus is one of the few countries in the world that maintains an effective land registry system in which all ‘immovable property’ (a term...

Construction Output Accelerates in Quarter 2

Construction output in Cyprus accelerated in the second quarter of 2006 and also rose faster than initially estimated in the first quarter, according to...

Deadline on Title Deeds Law Extended

Parliament on Thursday night voted to extend the time period in which the law for the legalisation of a significant number of irregularities regarding...

Cyprus Home Price Index – September 2006

The Cyprus home price index is published monthly by BuySell Cyprus Real Estate, a real estate advertiser. The company started to produce its home price...

Construction cost up 72.9% in 6 years

According to CYSTAT (the Cyprus Statistical Service) data released on Thursday, the construction cost in Cyprus soared 72.9% in the past 6 years. In...

Cyprus real estate agents criticize state

The real estate agents have criticized strongly the state for the latest increase in the price of properties, since they believe that it is...

One Good Deed Deserves Another

LAST YEAR a law was passed that, supposedly, would have made it easier for buyers of apartments to obtain title deeds for their properties,...

Can Cyprus Cope with a Property Boom?

Sir, I read with interest your story urging us to “get ready for a property boom" (October 4). Is Cyprus equipped to cope with this...

Most Read

Property sales collapse hits all markets

The historic collapse of 80 per cent in property sales in April hit the local and overseas market segments according to statistics from the Department of Lands & Surveys.

Historic collapse of property sales

Property sales in Cyprus have collapsed as a result of the coronavirus pandemic to a level only seen once before when the events of March 2013 made Cyprus a household name around the world.

Building permits maintaining strong growth

The number of building permits authorised in Cyprus during February 2020 provided for the construction of 680 new homes; an increase of 18 per cent compared to February 2019 according to official figures.

Cyprus passport programme under fire again

The Cyprus citizenship by investment programme, which enables well-heeled foreigners to obtain an EU passport for investments of at least €2 million, has come under fire again from the European Union.