Cyprus Property News magazine for overseas buyers & real estate investors

Sunday, May 31, 2020

Yearly Archives: 2008

New Cyprus president elected

LEFT-WING Cypriot leader Demetris Christofias has won the presidential election, defeating rival right-winger Ioannis Kasoulides. In a victory speech, he promised to work on re-uniting...

Illegal hotel conversions

THE Cyprus Technical Chamber (ETEK) yesterday accused the government of standing idly by while ailing hoteliers illegally convert their hotels into residential properties. ETEK has...

Immovable Property Tax scam warning

THERE have been many reported scams where property developers demand 'Immovable Property Tax' from property buyers. But rather than being based on the assessed 1980...

Try before you buy

IF YOU PLAN on living in Cyprus but are uncertain about where exactly you want to live or have some lingering doubts as to...

Cyprus president ousted

The closest-ever...

Building permits top 20,000

Earlier today, the Cyprus Statistical Service (CySTAT) announced that during 2007, the number of dwelling units for which building permits had been authorised topped...

Cyprus rejects coastal building ban

SIGNATORIES to the Barcelona Convention, an international agreement to protect the sea, have agreed to ban development within 100 meters of the coastline. A total...

Property scams turning Brits away?

ACCORDING TO one local pundit, the number of Brits buying property in Cyprus will drop by 20%. It seems that media revelations about the...

Police investigate land fraud

LIMASSOL police have launched a second investigation into a 50-year-old man awaiting trial on charges of fraud, after a 63-year-old pensioner reported he had...

Developers charged over assault

THE TWO Paralimni property developers at the centre of a police investigation involving an alleged assault on a British home buyer have been charged...

Is your lawyer working for you?

People buying property in Cyprus often make the fundamental mistake of not taking independent legal advice. Many choose to use the ‘free' legal services offered...

“Pump and Dump” Schemes

Traditionally, "pump and dump" schemes involve the promotion of company shares through false and misleading statements to the marketplace. After pumping the shares, fraudsters...

30% rental returns guaranteed!

I've seen many exaggerated claims made by overseas property marketing companies. They talk about the ever-growing number of British tourists visiting Cyprus and offer...

Contracts for Limassol marina signed

Cyprus Trade, Industry and Tourism Minister Antonis Michaelides signed the contracts for the construction of a marina in Limassol worth 170 million euro. The marina,...

Cyprus weather in January

"Cyprus enjoys the best Mediterranean climate with approximately 340 days of sunshine per year. Paphos has the finest climate on the island with cooler...

Cyprus property numbers and costs

The Statistical Service of Cyprus (CySTAT) produces various figures concerning the Cyprus property market. They publish a Construction and Housing statistics report for 2005,...

Cyprus attracts retired Britons

RECORD numbers of Britons are fleeing the country for more appealing climates, lower taxes, more affordable property and fewer traffic jams. Latest figures from...

Construction loans boom despite Banks’ measures

Despite measures taken by the Central Bank of Cyprus earlier in the year, loan growth hit a 10-year high in December 2007. According to the...

Specific Performance what Protection?

In 2001 we bought a plot of land and had a house built on it. We decided to move to somewhere closer to town...

Cyprus property developers claim expat tried blackmail

THE PARALIMNI Cyprus property developers at the centre of a police assault investigation involving a British home buyer yesterday countered the allegation by accusing...

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.