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Reports written by Nigel Howarth

EU reports Cyprus house prices up 3.5 per cent

House prices in Cyprus rose 3.5 per cent in the fourth quarter of 2018 and by 1.6 per cent year-on-year according to Eurostat, the statistical office of the European Union, in its latest news release.

New homes in Cyprus up 15 per cent

The number of new homes in Cyprus for which building permits were issued rose by 15.1 per cent in January 2019 compared to January 2018 according to the Cyprus Statistical Service.

Is the Cyprus property market softening? (Update)

There was a marginal fall in the number of Cyprus property sales during March compared to March 2018 according to official figures published by the Department of Lands and Surveys.

Five more Armou landslide victims

A creeping landslide is slowly destroying a further five homes at Armou in Paphos and there are ominous signs that they will eventually be served with banning orders like the six declared uninhabitable in 2012.

December 2018 building permits

Building permits for the construction of 504 new homes in Cyprus were authorised during December 2018; an increase of 55.1 per cent compared with December 2017 according to official figures.

Sharp rise in property sales in February

February saw a sharp rise in property sales compared to the numbers sold in the corresponding month last year according to official figures published by the Department of Lands and Surveys.

Limassol Aura high rise development

The construction of the 197 metre Aura high rise development in Limassol to be built on the present site of the Debenhams Olympia shopping centre on Limassol’s coastal road should be completed by the end of 2022.

Pissouri landslide: the living hell

As the landslide in Pissouri gains momentum destroying everything in its path more residents are living in hell in the village once described by Gordon Honeycombe as being on ‘The Edge of Heaven’.

Fewer new homes in November

Building permits for the construction of 580 new homes in Cyprus were authorised during November 2018; a fall of 11.9 per cent compared with the corresponding month in 2017 according to official figures.

Cyprus banks awash with properties

Banks in Cyprus have acquired more than 14,000 properties from households and businesses through foreclosures and debt-to-assets swaps according to a report in the Phileleftheros.

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