Cyprus Property News magazine for overseas buyers & real estate investors

Monday, May 25, 2020

Yearly Archives: 2007

Cyprus national economic accounts 2007 – provisional estimates

The Cyprus Statistical Service has released its report “National Economic Accounts 2007 (Provisional Estimates)”. A summary of the report follows; the full version is...

Cyprus prepares for the Euro

The 1st January 2008 is a historic date for the Republic of Cyprus. On that date, the Cypriot currency will change from the Cyprus...

State of the Cyprus economy in 2008

A recent poll by the CFA/Financial Mirror predicts lower growth and higher inflation in 2008. The Cyprus GDP growth rate is expected to decline below...

Cyprus construction sector slow down

THE RAPID GROWTH of the construction sector has reached the utmost limit and is expected to slow down. According to Eurostat’s data, the growth...

Cyprus property price index up 2.51 percent in November

BuySell Cyprus Real Estate, a real estate advertiser, publishes a monthly 'Home Price Index' - the only one of its kind in Cyprus. The company...

Cyprus title deed scams

Here are some of the Cyprus property 'scams' linked to the Title Deed problems reported by Andrew Winter on Channel 4 TV.

Down the slippery slope

Given Cyprus’ long experience of landslides and having to move whole villages to new locations, you would think that the law would prohibit the construction of property on unstable land. Unfortunately, this is not the case!

Cyprus property deals hit CYP 1.7 billion

Easy credit by banks is also widely blamed for fuelling an unprecedented buying spree, with many engaging in speculative activity, which the Central Bank of Cyprus is now attempting to stop.

Famagusta leads the Cyprus property market

FAMAGUSTA (Ammochostos) in eastern Cyprus is the leader in terms of real estate growth according to our analysis of the latest figures on building...

Avoiding the bad apples

You cannot expect the same checks and searches to be carried out in Cyprus when buying property as you would have done in the UK.

As safe as houses?

A PROMOTIONAL brochure from a major Cyprus property developer promises potential buyers 'unique life-long experiences, the building of strong relationships with the human being,...

Man wanted after 80,000 goes missing

A PAPHOS estate agent is wanted by the police after being accused of stealing an 80,000 deposit from a British couple before disappearing. Paphos CID...

Expat frustration over lawyers in property disputes

PROPERTY buyers entangled in legal battles with developers are finding their Cyprus lawyers are often part of the problem rather than the solution. A number...

Playing games with us

ROSE (not her real name) came to Cyprus in May 2005. She and her husband found an old house that needed repair and bought...

The problem with lawyers

CYPRUS PROPERTY BUYERS fighting legal battles with developers are finding their lawyers are often part of the problem rather than the solution. A number of...

Property scandal set to rock Cyprus market to the core

A scandal involving a leading property developer in Cyprus may have the potential to shake to the core the credibility of the holiday homes...

Cyprus home price index up 3.75 percent in October

BuySell Cyprus Real Estate, a real estate advertiser, publishes a monthly 'Home Price Index' - the only one of its kind in Cyprus. The company...

Cyprus – on the commission trail, buyer beware!

Just as anyone in Cyprus can become a property developer overnight without any requirement for qualifications, regulation or financial standing, there are even more...

Cyprus real estate boom boosts tax receipts

According to the Cyprus Financial Mirror, increased revenue from Capital Gains Tax on Cyprus property sales has been instrumental in boosting the government’s revenue...

Credit crunch cools the Cyprus property market

THE CENTRAL Bank has reduced loan financing for property purchases to 60 per cent in order to protect banks from a worrying increase in...

Most Read

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.

You have insurance but are you insured?

The heavy winter rains have resulted in many insurance claims but as many have found to their horror, although their insurance premium has been paid, they discover that they're not insured when they make a claim.