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Monthly Archives: February, 2017

Construction and housing statistics 2014

The Statistical Service of Cyprus (CYSTAT) has published the annual report "Construction and Housing Statistics, 2014", which contains detailed data on the performance of the industry during 2014.

Marginal rise in property prices

Cyprus property prices rose marginally during the third quarter of 2016 for the first time since the end of 2009 according to the Residential Property Price Index published by the Cyprus Central Bank.

How can Cyprus banks justify their action?

Cyprus banks are blocking trapped property buyers getting Title Deeds, while in Spain the Supreme Court has ruled that the banks must refund money to purchasers whose homes were never completed.

November building permits up by a third

The number of building permits authorised by the municipal authorities and the district administration offices during November 2016 stood at 550 according to the Cyprus Statistical Service.

Property sales off to a promising start

Property sales in Cyprus got off to a promising start in 2017 with sales increasing in all districts during January (with the exception of Famagusta) compared to the numbers sold in January 2016.

Citizenship for sale controversy

The Cyprus property market could be hit by a fall in property prices if investors granted a Cypriot passport under the citizenship-for-sale scheme decided to sell their property after three years.

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