Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Monthly Archives: May, 2019

Daily Mail meets Pissouri landslide victims

Victims of the landslide in Pissouri that continues to destroy their homes and lives met with a reporter from the UK’s Daily Mail newspaper yesterday to recount their stories and tour the devasted area.

Cyprus building & construction driven by passports

Although the years of austerity in the Cyprus building and construction sectors appear to be over, pundits believe that they remain heavily dependent on the passport for investment scheme.

Armou landslide victims sue Cyprus government

A British couple whose dream home at Armou in Cyprus is collapsing due to the landslide is suing the Cypriot government for allowing the development to be built on unstable ground.

Protest at Olympia property exhibition

Protesters seeking to stop Britons from buying property in Cyprus was held outside the Olympia exhibition centre in London where 'A Place in the Sun Live' overseas property exhibition is being held.

Alpha Bank loses Swiss Franc loan court action

Alpha Bank Cyprus has lost a court action it took against a British national who failed to comply with the obligations of his Swiss Franc loan agreement with the judge at the Larnaca District court awarding costs to the defendant.

Building permits issued for 576 new homes

The number of new homes in Cyprus for which building permits were issued rose by 13.2 per cent in February 2019 compared to February 2018 according to the Cyprus Statistical Service.

Cyprus strong growth momentum continues but…

Cyprus' economic expansion is set to remain robust, driven by domestic demand, but risks are tilted to the downside, according to the European Commission's spring 2019 economic forecast.

Cyprus property sales at eleven year high

Cyprus property sales in April reached the highest monthly figure recorded since September 2008 following a 61 per cent surge according to official figures from the Department of Lands and Surveys.

Single family clings on in Armou

One family hanging on in their crumbling home in Armou, trapped in a house which has had a ban order on it for the last eight years, is seeking legal recourse with the government and is taking them to court.

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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.