Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday, June 2, 2020

Monthly Archives: December, 2008

Property sales in Cyprus fall

ACCORDING to the Cyprus Land Registry, the number properties being bought fell dramatically during the first eleven months of 2008. Their figures reveal that...

Cyprus building standards

A LETTER in the Cyprus Mail tells the story of a Brit who moved to Cyprus and bought a newly-built house. The property looked...

Protest over plans for Cyprus golf courses

ENVIRONMENTALISTS staged a demo yesterday outside the Cyprus Commerce Ministry to protest against the construction of more golf courses, even as within the building...

Fourteen golf courses in Cyprus

IN an effort to improve its tourist product, the Cyprus Government has announced plans to increase the number of golf courses on the island...

Capital Gains Tax on the sale of property in Cyprus

FOR those who have immovable property in Cyprus and are considering to sell it they need to be fully aware that any capital gain...

Brit in property dispute gets no relief from Attorney General

OPENING a new can of worms for Cyprus property owners, the Attorney General has told a British buyer his developers had not committed any...

Cyprus property buyers still at risk twenty years after collapse

IF you are British and of a certain age, you will remember "All Our Yesterdays". It was a television programme, produced by Granada Television,...

Building permit numbers up in October

ACCORDING to the Cyprus Statistical Service (CYSTAT), there was a small increase in the number of building permits issued in October 2008 compared with...

Buying usurped property does not pay

AN adviser to the EU's top court says a ruling against the British owners of a property in Turkish-controlled northern Cyprus should be recognised....

Cyprus property forecasts for 2009

The majority of those who took part in the StockWatch survey consider that the turning point came with the collapse of Lehman Brothers in the US and the expansion of the financial crisis into Europe and the UK.

Cyprus banks to cover exposure in property sector

It is expected that the commercial banks will be called on to cover their big lending exposures in the island's property sector next year following latest economic bulletin the Central Bank of Cyprus.

Property secrets

Municipalities refusing to disclose information about planned development projects to interested citizens are breaking the law, according to the ombudswoman Iliana Nicolaou. The right of access to public records is enshrined in the Constitution.

Cyprus property price confusion

ALTHOUGH it is generally believed that property prices in Cyprus have dropped by up to 20%, the Central Bank of Cyprus holds a different...

Questions re-tabled in House of Lords

On 14 November we reported that Lord Jones of Cheltenham had tabled two written questions in the House of Lords concerning the many problems...

Larnaca, Paphos and Limassol marinas delayed

ACCORDING to reports in the local press work on three new marinas in Cyprus has been delayed. The marinas affected are in Larnaca, Paphos...

Is buying property in Cyprus as safe as houses?

WHEN you buy a property in Cyprus, your right to ownership is guaranteed under the law. Depositing your contract of sale at the Land...

Protest by Limassol property developers in crisis

A PROTEST by Limassol property developers against the increased bank interest rates this week revealed just how concerned some professionals in the real estate...

Protect your property rights: Sign UK government petition!

TODAY saw the launch of an on-line petition asking the UK Prime Minister to exert pressure on the Cyprus Government to protect peoples' property...

Heat turned up on Cyprus to resolve property problems

THE HEAT is being turned up on the Cyprus Government to resolve the long-standing "Title Deeds-cum-fraud mess". As the financial crisis bites ever deeper, buyers...

Cyprus property association president on the record

EARLIER this week George Strovolides, president of the Cyprus Land & Property Owners Association (KSIA), was interviewed by Rosie Charalambous on CYBC Radio 2....

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.