Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Monthly Archives: August, 2010

Europe rejects call for Cyprus fact-finding mission

A call by MEP Daniel Hannan in the European Parliament for a fact-finding mission to Cyprus to investigate the numerous Title Deed problems has been rejected by Viviane Reding, Vice-President of the European Commission.

Domestic property sales improve

Although the recovery in Cyprus’ beleaguered overseas property market appears to be faltering, domestic sales are strong with growth so far this year in double-digits.

Time to buy? House prices fall 20-30 percent

Although prices of property in some part of Cyprus have fallen by as much as 30 percent, the risk in the market has increased and calls for extreme caution by prospective buyers and their lawyers warns leading expert.

MEP questions Cyprus on planning and building regulations

Once again, Cyprus has come to the attention of the European Union Parliament with Ashley Fox, MEP for the South West of England and Gibraltar, raising a number of questions concerning the Island’s planning and building regulations.

Interior Minister surrounded by corrupt advisors

Neoclis Sylikiotis, the Cyprus Interior Minister, has come under fire in the local press for the delay in implementing the property reforms and amnesty packages and accuses his advisors of being corrupt and incompetent.

I would not have bought in Cyprus had I known

An overwhelming number of our readers would not have bought a property in Cyprus had they known that their developer had mortgaged the land on which it was built.

Qatar deal still in the balance

The deal signed by the Cyprus government and Qatari Diar Real Estate Investment Company to build a luxury hotel, commercial, residential and leisure complex in Nicosia is still in the balance.

Cyprus police name K & M Famagusta developers

In a move designed to protect the public, the police have named the Cyprus property developer under investigation for several cases of alleged fraud including selling the same property twice.

Cyprus property developer under police investigation

The police are investigating a Cyprus property developer who is alleged to have sold the same apartment twice; a situation that might have been avoided if the Land Registry were doing their job properly.

Cyprus overseas property market recovery faltering

The recovery in Cyprus’ beleaguered overseas property market may be faltering according to the latest figures released by the Department of Lands and Surveys.

Cyprus building permits up in May

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,337 residential properties were authorised in May 2010, an increase of 12.3% over the 1,191 authorised in May 2009.

Kuwait and China show interest in Cyprus

Kuwait and China have shown interest in investing in Cyprus tourism, real estate, container management and energy sectors according to the Minister of Commerce, Industry and Tourism Antonis Paschalides.

Leptos Buyers Action Group Press Release

Established in 2008 in conjunction with the Cyprus Property Action Group, the Leptos Buyers Action Group has issued a press release announcing the launch of its website.

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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.