Cyprus Property News magazine for overseas buyers & real estate investors

Friday 10th July 2020

Kyriacos Kiliaris

Famagusta to finally get its golf course

Famagusta could have its first golf course within three years, as the €100 mln Ayia Napa Forest Golf project is expected to get the green light from environmental authorities after being rejected four times over eco concerns.

Larnaca port and marina project delay to end soon

Larnaca port and marina redevelopment project has hit a four-month delay in signing contracts with MPs demanding an update from the government but officials said the wait will soon be over.

Cyprus real estate stricken by pandemic

Pundits believe that the Cyprus real estate market will suffer a significant downturn as a result of the coronavirus pandemic, which is mainly supported by foreign investment and demand.

Cash-rich banks stockpiling real estate

Cash-rich banks are stockpiling properties as they turn to buy real estate linked to mortgages of defaulted borrowers as banking institutions dominate the property market.

Most Read

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)

MPs commit to expedite citizenship bills

MPs have committed to expediting the bills and regulations aimed at improving the transparency of the citizenship-by-investment programme, so that the items can be voted on before the House breaks for the summer recess.