Latest Headlines

Archive for January, 2019

617 new homes in October

Building permits for the construction of 617 new homes in Cyprus were authorised during October 2018; an increase of 13.6 percent compared with the corresponding month in 2017.

Property: trust the numbers not the rumours

When it comes to property trust the numbers, not rumours says Yiannis Misirlis commenting on the views of Nobel Laureate in Economics Christopher Pissarides last Sunday.

EU citizenship schemes need full transparency

Cyprus has been told that all EU citizenship schemes need to have full transparency and Brussels has deployed experts to ensure these schemes prevent tax evasion, money laundering and security threats

Pissouri landslide MP plans after-dark visit

Victims of the landslide in the Limnes area of Pissouri are puzzled why MP Demitris Syllouris is planning to visit the area after dark when it will be impossible to see the destruction.

EC closes infringement case on Limni project

The European Commission has effectively given the green light to the contentious Limni bay development project by closing infringements proceedings against Cyprus on Thursday.

Ayia Napa golf course plans rejected

Plans to build a golf course at Ayia Napa have been given the thumbs down by the Environmental Department as it will have significant negative and irreversible effects on the environment.

Passport-for-sale schemes pose crime risks (Update)

The EU says that passport-for-sale schemes by Malta, Cyprus, and Bulgaria pose risks of infiltration of non-EU organised crime groups in the economy, money laundering, corruption and tax evasion.

How will property values change in 2019?

The Cyprus property portal Zyprus, which enables business to advertise their properties for sale and rent, has recently added a forecasting tool that helps owners of property assess how its value may change in 2019.

Short-term lettings, real estate & tourism

Short-term Airbnb style property lettings will have a positive impact on the Cyprus real estate market and tourism industry, but balanced legislation is needed to ensure those positive impacts are achieved.

Cyprus house prices rise 0.2 per cent

The Cyprus house price index (HPI) rose by 0.2 per cent in the third quarter of 2018 and by 1.7 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).

Back to top