Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday 14th July 2020

Articles

Guide to residency in Cyprus

This guide to residency in Cyprus for UK nationals has been issued by the British High Commission in Nicosia to explain the importance of obtaining or updating their residency status.

German lesson for Cyprus in real estate transactions

Cyprus is one of those countries that actively advertises its real estate market and offers additional perks that can come with the purchase – such as residence permit or even a passport.

Cyprus property sales expected to stabilise

Industry experts expect property sales in Cyprus to stablise as the country emerges from the novel coronavirus crisis as there is every indication that sales will gradually return to pre-crisis levels

Cyprus: buying property

The UK Foreign & Commonwealth Office has recently updated information for British nationals wanting to buy property in Cyprus; further information be found on the UK.GOV website.

Land Registry values down while prices rise

The Cyprus Land Registry has come under attack over its valuation of properties on the island and while its 2018 valuations are lower than those in 2013, property prices continue to rise.

Foreclosures highlight we are the eternal victims

A personal view on foreclosures, the banking system and the Cypriot mentality of never taking responsibility for actions & decisions by 'Patroclos' a regular columnist in the Sunday edition of the Cyprus Mail.

Non-EU citizens residence permits

In 2017, Cyprus granted residence permits to 18,971 non-EU citizens, according to figures published by Eurostat on Monday, with the majority being granted to citizens of India and Russia.

Cyprus property construction costs

The Cyprus Statistical Service (CySTAT) has just published a report detailing the construction costs of Cyprus property, including houses, apartments, holiday apartments, hotels, etc.

Residential property values based on rents today

In quite general terms, the use of the rental capitalization method for the valuation of an income producing property is based on the rental value of the property capitalised by the appropriate rate (cap rate) based on the yield.

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.

TOP STORIES

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)