Cyprus Property News for home buyers and real estate investors

Sunday 6th December 2020

Charles Charalambous

Legal lifeline for Cyprus property buyers

Buyers can challenge purchases affected by developers' mortgages. Once a complaint has been lodged, the Competition & Consumer Protection Service of the Cyprus Commerce Ministry is obliged to investigate.

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.

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.

Cyprus to get financial ombudsman

The days of banks in Cyprus granting mortgages to home buyers without advising them that the land on which their property is built is already mortgaged may soon be over with the appointment of a financial ombudsman expected in the near future.

Is a property only worth what someone will pay for it?

An in-depth article by Charles Charalambous in the Cyprus Mail looks at the property transfer tax system and the consequences for property buyers resulting from the Land Registry re-assessing the amount tax payable using its own historical data.

Cyprus Property Action Group silenced by libel threat

Following a writ moved by Armonia Estates and Pantelis Leptos, the Cyprus Property Action Group has decided to close down its existing website.

Most Read

RICS reports quarterly property price falls

The forty-third publication of the RICS Cyprus Property Price Index reports that the average price of residential apartments and houses across the island fell...

Property sales slump 20 per cent

Following the termination of the Citizen-by-Investment (aka Golden Passport) scheme at the start of the month in the aftermath of Al Jazeera Cyprus Papers,...

Larnaca port and marina is a mammoth project

Following a three-year international public tender procurement, the Republic of Cyprus reached an agreement in March with a consortium known as Kition Ocean Holdings...

Silver medal for residence permits

Cyprus finished in the silver medal position for issuing the second highest number of first residence permits to non-EU citizens in the 27 EU...

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