Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 16th July 2020

Monthly Archives: February, 2009

Cyprus property boom ends as weak pound scares away U.K. buyers

The weak pound will result in British buyers of second-home in Cyprus keeping their money in their wallets for the next two years or so.

Sales of property in Cyprus nose-dive

The number of properties being sold in Cyprus has nose-dived in recent months following the latest phase of the global financial crisis.

Developers say building package will create ghettos

Property developers say that the Cyprus government's new package to boost the construction sector by building 500 additional low cost properties will create ghettos.

Developers optimistic Limassol marina will start soon

Despite recent reports of funding problems, the Cypriot company set up to deliver the Limassol marina remains confident that everything will run smoothly.

Cyprus golf courses get the go ahead

In the face of much opposition, the cabinet has finally approved the creation of fourteen new golf courses in Cyprus, but they will have to provide their own water.

Misrepresented property and conflicts of interest

What can you do if the property you bought is significantly different to the plans you were shown and your lawyer appears to have a conflict of interest?

Cyprus tourism and property to get state aid

President Demetris Christofias has announced new measures to boost the Cyprus economy targeted at the ailing property and tourist sectors.

Northern Cyprus property exhibitors banned

Northern Cypriot exhibitors remain banned from exhibiting at the 'A Place in the Sun Live' show.

Cyprus property companies on brink of bankruptcy

A 20 to 30 per cent cut in the old prices, which were too high, could stimulate some interest from people and get the stagnant property market moving; at lower prices, the banks could also become more willing to offer housing loans to buyers.

Low cost property developments in Cyprus

The Cyprus Land Development Corporation is planning to build 500 additional low cost properties in Cyprus and to buy land from property developers.

What about the Ayia Napa golf course and marina?

Governments have focused their attentions on the West coast of Cyprus with infrastructure, golf courses and marinas while the East coast has been left to struggle on.

Russian roulette in Cyprus

I WAS deeply concerned to hear the news about the latest 'brainwave' for a theme park in Larnaca area, especially because of who is...

Cyprus banks under stronger liquidity pressures

THE liquidity pressures that the banks in Cyprus face have become stronger and stronger lately; according to latest Central Bank data, they continue to...

Under the mattress is just not safe enough!

THE PHRASES 'toxic debt' and 'quantitative easing' are now fashionable. What do they mean? The former means quarantining irredeemable bank debt to give banks...

Cyprus Housing Finance Corporation hit by global crisis

THE CYPRUS HOUSING Finance Corporation (HFC) has asked the Finance Minister to inform him on his plans to deal with the difficulties in the...

Thousands of Cyprus property workers face job losses

AS MANY as 3,000 construction workers in Paphos could lose their jobs in the coming months if there is no turnaround in the real-estate...

Cyprus property sales down 50 per cent

PETER Paradisos, the marketing manager for Maispa Developers said property prices in Cyprus were falling steeply even though he didn't have any official figures...

Most Read

COVID-19 hits new homes in Cyprus

Permits for the construction of new homes in Cyprus fell by more than a half during April; the second month during which the COVID-19 containment measures continued to apply.

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)