Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Charlie Charalambous

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Parliament blamed for Title Deed bills hold up

Neoclis Sylikiotis, the Cyprus Interior Minister, claims that a group of MPs are systematically trying to delay the progress of the Title Deed bills through parliament.

More attack Cyprus property tax grab

Property developers, estate agents and the Cyprus Chamber of Commerce have followed DISY Vice President Averof Neophytou in attacking the government’s proposed tax grab on property.

EU acts against Cyprus over estate agent curbs

Brussels considers that Cyprus’ estate agents law that imposes conditions on the professional requirements of estate agents from other EU member states is incompatible with European rules.

Title Deed problems tarnishing Cyprus says minister

At the recent real estate conference the Cyprus Interior Minister, Neoclis Sylikiotis, said the failure to process 130,000 title deeds snared in the system was tarnishing Cyprus’ reputation among foreign investors.

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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.