Cyprus Property News magazine for overseas buyers & real estate investors

Friday 10th July 2020

Monthly Archives: September, 2007

Authorities failed to protect buyers and Cyprus’ reputation

LITTLE appears to have been achieved at yesterday's meeting between finance minister Michalis Sarris and a delegation from the Cyprus Property Action Group. The group...

Hundreds of expats duped by dodgy property developers

A GROUP of exasperated expats yesterday informed Finance Minister Michalis Sarris of the hundreds of complaints made against developers and estate agents in Cyprus...

Distortions in Cyprus property sale contracts

THE LEGAL SERVICES AND CYPRUS LAND REGISTRY OFFICE are to prepare a bill that would improve procedures for land purchases in an effort to...

Law reform hopes to clear up Cyprus property title deeds trap

NEW HOMEOWNERS IN CYPRUS will have greater property security if an amendment that allows their contract of sale priority over developers' mortgages is approved. The...

Cyprus Home Price Index up 0.57 percent in August

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 developers concerned over banks’ lending freeze

PROPERTY DEVELOPERS yesterday said they were worried about the Cyprus Central Bank’s new rules for mortgage financing, fearing serious damage to tourism and the...

Compensation for late delivery of a property

IN A CONTRACT OF SALE regarding immovable property, either off plan or under construction, there is usually a term stating that the purchaser is...

New action needed on Cyprus building boom

AUTHORITIES need to take prudent new measures to tame a construction boom that threatens the soundness of the country's banking system just as it...

Cyprus Central Bank defends property margin action

THE GOVERNOR of the Cyprus Central Bank, Athanasios Orphanides, has defended the Central Bank's decision to increase the margin requirement on loans for property...

Cyprus property market is competitive

The property market in Cyprus has seen strong price appreciation in recent years, with high end prices in Nicosia, Limassol and Larnaca doubling in...

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Cyprus’ largest ever housing project will help low-income families

Limassol municipality and the Land Development Corporation (KOAG) reached an official agreement on Thursday regarding the establishment of the largest housing project ever undertaken in Cyprus, worth €100 million.

Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Cyprus house price index up 2.5 per cent

The Cyprus house price index rose by an average of 2.5 per cent in the first quarter of 2020 compared to the previous quarter according to official figures from the Cyprus Statistical Service (CYSTAT)

MPs commit to expedite citizenship bills

MPs have committed to expediting the bills and regulations aimed at improving the transparency of the citizenship-by-investment programme, so that the items can be voted on before the House breaks for the summer recess.