Cyprus Property News magazine for overseas buyers & real estate investors

Saturday 4th July 2020

Yearly Archives: 2008

Gloomy Cyprus property figures and economic outlook

THE number of building permits issued for the construction of property in Cyprus continues to decline, reinforcing the IMFs gloomy economic outlook for the...

Cyprus property price index reaches 173.6

FIGURES just released by CySTAT indicate that the price index of new properties in Cyprus has reached 173.6. Cyprus Statistical Service's (CySTAT) quarterly index measures...

Cyprus property scam reported on ITV

Many people will have read about the £3 million Cyprus property scam in Paphos involving J&I Estates, and their sole agent in Cyprus Peter...

Sylikiotis wants to halt Cyprus house price increases

THE election campaign slogan of newly elected President Demitris Christofias for a "just society" passes mainly through his Ministry, given the fact that the...

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...

Top 5 legal tips for property buyers

BUYING a property in Cyprus can be a daunting experience, particularly if you are unfamiliar with the system here. You need to find a lawyer...

Most Read

Commission approves Cyprus’ airlines incentive scheme

The European Commission has approved a €6.3 million Cypriot incentive scheme towards airlines affected by the coronavirus outbreak, supporting tourism and possibly the overseas property market.

Cyprus property sales recovering

Property sales in Cyprus showed signs of making a recovery in June following the Government's easing of lockdown measures and its decision to subsidise housing loans.

Cyprus tightens grip on ‘golden passport’ scheme

Cyprus has not processed any passport applications of a foreign investor since January, pending the approval of tougher criteria regulating the Citizenship for Investment Scheme.

Guide to residency in Cyprus

This guide to residency in Cyprus for UK nationals has been issued by the British High Commission in Nicosia to explain the importance of obtaining or updating their residency status.