Cyprus Property News magazine for overseas buyers & real estate investors

Saturday, June 6, 2020

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Cypriot passport investment applications falling

New applications for Cypriot passports under the island's 'citizenship-by-investment scheme' (aka passport-for-cash scheme) are falling, possibly as a result of the stricter rules introduced in May.

Avoid mass selling of mortgaged properties

The Central Bank of Cyprus has warned the commercial banks to avoid the mass selling of mortgaged properties as it could lead to a sudden drop in real estate prices reports the Xinhua News Agency.

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Developers insist on Paralimni golf course

Developers are yet again trying to go ahead with constructing a golf course in the Paralimni area, the Cyprus News Agency reported on Tuesday.

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.