Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Monthly Archives: March, 2008

Loan financing further reduced for Cyprus property buyers

THE Central Bank of Cyprus has stepped in once again to reduce loan financing for those buying property in Cyprus. In October last year the...

Cyprus property output slows

ACCORDING to Eurostat data released on 12th March, construction output in Cyprus has slowed, boosting estimates that the island's economy will grow slower in...

Top 10 pitfalls to avoid when buying property in Cyprus

When undertaken properly, purchasing a property in Cyprus is a pretty straightforward process. However, I am regularly approached by individuals who have purchased in...

Paphos property sold for 66 million

According to Stockwatch Ltd, KEO has sold its property at the Tombs of the Kings in Paphos to a joint venture of Athienitis and...

Moratorium on golf courses

Ecologists have requested the Cyprus government to impose a moratorium on the issue of new licenses for the golf courses. In their announcement released today,...

Another scam bites the dust?

DISREPUTABLE Cyprus property developers extort 'contract cancellation fees' from buyers wishing to sell their property before Title Deeds have been issued in the buyers'...

European house price boom ‘is over’

The great European house price boom ended in 2007 according to a new report predicting storm clouds on the horizon for the Continent's property...

Property developers move in

LAND developers are showing an interest in the Pyrgos Tylliria area, now that the prospect of the Limnitis checkpoint opening appears firmly on the...

Housing loans surge

According to the Central Bank Monetary Review, credit growth in January 2008 stood at 33.48%, higher than February 2007. The total value of loans granted...

Top 10 property contract clauses

When you instruct a lawyer in Cyprus you trust them to include everything that needs to be included in the contract purchasing the property...

Chasing out the Cowboys

Investing in property abroad? Good news - there's a new watchdog protecting you from the market's rip-off merchants. We can spend months planning our summer...

The sky’s the limit

THE RISE in real estate prices, coupled with an unprecedented development boom, have been established as an entrenched reality in Cyprus over recent years. Limassol...

Developers ‘scamming buyers’ over property tax

THE CYPRUS Property Action Group (CPAG) has obtained a legal opinion which concludes that developers are effectively scamming buyers by overcharging them for Immovable...

Conor O’Dwyer stages UK protest

BRITISH home buyer Conor O'Dwyer will begin a three-day protest outside one Britain's biggest property fairs in a move that could seriously damage the...

Top 10 property investment tips

THERE ARE many reasons to invest in a property in Cyprus - and probably twice as many pitfalls or reasons why you shouldn't be...

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.