Cyprus Property News https://www.news.cyprus-property-buyers.com Latest news on the Cyprus property market Fri, 07 May 2021 16:58:41 +0000 en-GB hourly 1 https://wordpress.org/?v=5.7.1 https://www.news.cyprus-property-buyers.com/wp-content/uploads/2018/12/cropped-cpn-logo1-32x32.png Cyprus Property News https://www.news.cyprus-property-buyers.com 32 32 3837025 Domestic property sales leading the recovery https://www.news.cyprus-property-buyers.com/2021/05/07/domestic-property-sales-leading-recovery/id=00163942 https://www.news.cyprus-property-buyers.com/2021/05/07/domestic-property-sales-leading-recovery/id=00163942#respond Fri, 07 May 2021 16:58:41 +0000 https://www.news.cyprus-property-buyers.com/?p=163942 Figures released by the Department of Lands and Surveys reveal that Cypriot purchasers are leading the recovery with property sales in April up an incredible 536% compared to April 2020. Sales rose in all districts with Limassol leading the way with sales up by 826%, followed by Nicosia (up 614%), Famagusta (up 483%), Larnaca (up […]

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Property sales making a strong recovery https://www.news.cyprus-property-buyers.com/2021/05/05/property-sales-making-a-strong-recovery/id=00163930 https://www.news.cyprus-property-buyers.com/2021/05/05/property-sales-making-a-strong-recovery/id=00163930#respond Wed, 05 May 2021 10:39:33 +0000 https://www.news.cyprus-property-buyers.com/?p=163930 Cyprus property sales surged for a second consecutive month in April as buyers continued to return to the market in the wake of the Coronavirus pandemic. The property market saw a steep rise in sales with 832 contracts deposited at Land Registry offices across the island in April up a staggering 285% compared to the […]

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How Golden Passport providers cheated the system https://www.news.cyprus-property-buyers.com/2021/05/02/golden-passport-providers-cheated-system/id=00163895 https://www.news.cyprus-property-buyers.com/2021/05/02/golden-passport-providers-cheated-system/id=00163895#comments Sun, 02 May 2021 09:19:41 +0000 https://www.news.cyprus-property-buyers.com/?p=163895 The 515-page interim report into the disgraced Cyprus Citizenship by Investment (aka Golden Passport) scheme revealed that more than half the 3,000 citizenships granted between 2007 and August 2020 were unlawful. Further analysis of the interim Golden Passport report (in Greek) reveals some of the tricks used by the service providers to mislead the authorities […]

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Marginal fall in residential property prices https://www.news.cyprus-property-buyers.com/2021/04/30/marginal-fall-in-residential-property-prices/id=00163871 https://www.news.cyprus-property-buyers.com/2021/04/30/marginal-fall-in-residential-property-prices/id=00163871#respond Fri, 30 Apr 2021 08:06:19 +0000 https://www.news.cyprus-property-buyers.com/?p=163871 Residential property prices dropped a marginal 0.2% in the fourth quarter of 2020, its second marginal consecutive quarterly reduction, with the government’s interest rate subsidy scheme offsetting the negative impact of the COVID-19 pandemic. According to the Residential Property Price Index (RPPI), compiled by the Central Bank of Cyprus, residential properties in the fourth quarter […]

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Limassol is king of the Cyprus real estate market https://www.news.cyprus-property-buyers.com/2021/04/29/limassol-king-real-estate-market/id=00163862 https://www.news.cyprus-property-buyers.com/2021/04/29/limassol-king-real-estate-market/id=00163862#comments Thu, 29 Apr 2021 09:09:53 +0000 https://www.news.cyprus-property-buyers.com/?p=163862 Limassol continues to be the most important real estate market in Cyprus, and all available information supports this: sales, rentals, and prices. Contrary to popular opinion, the Limassol real estate market is not showing signs of saturation, and despite existing issues and occasional fluctuations, it continues to be dynamic. The repeal of the Cyprus Citizen […]

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Al Jazeera ‘Cyprus Papers’ up for BAFTA award https://www.news.cyprus-property-buyers.com/2021/04/29/al-jazeera-cyprus-papers-bafta/id=00163858 https://www.news.cyprus-property-buyers.com/2021/04/29/al-jazeera-cyprus-papers-bafta/id=00163858#respond Thu, 29 Apr 2021 07:23:15 +0000 https://www.news.cyprus-property-buyers.com/?p=163858 The Al Jazeera undercover documentary The Cyprus Papers that exposed some of the players involved in the island’s citizenship by investment scheme has been nominated for a BAFTA award, it emerged on Wednesday. BAFTA, the British Academy of Film and Television Arts on Wednesday announced the nominations for the Virgin Media British Academy Television Awards […]

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New index for Cyprus property prices and rents https://www.news.cyprus-property-buyers.com/2021/04/25/new-index-for-cyprus-property-prices-and-rents/id=00163849 Sun, 25 Apr 2021 14:18:39 +0000 https://www.news.cyprus-property-buyers.com/?p=163849 WiRE FS, a company that combines real estate expertise with the use of technology, presents for the first time a new Index for property prices and rental costs. WiRE FS, in an effort to help all interested parties get a better picture of prices and rental trends, will present on a quarterly basis the “WiRE […]

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Building violations linked to citizenship scheme https://www.news.cyprus-property-buyers.com/2021/04/22/building-violations-linked-citizenship-scheme/id=00163836 https://www.news.cyprus-property-buyers.com/2021/04/22/building-violations-linked-citizenship-scheme/id=00163836#comments Thu, 22 Apr 2021 10:14:06 +0000 https://www.news.cyprus-property-buyers.com/?p=163836 The audit service said Thursday state and local authorities had violated national and EU laws in allowing the construction of a huge project linked to a former Akel MP who starred in an undercover video with former House president, offering to help secure citizenship for an individual with a criminal record. The case emerged after […]

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Limassol high-rise building given green light https://www.news.cyprus-property-buyers.com/2021/04/20/limassol-high-rise-buildings-news/id=00163831 Tue, 20 Apr 2021 07:36:55 +0000 https://www.news.cyprus-property-buyers.com/?p=163831 News that a 65 metre high-rise building in Limassol has been given the go ahead by the Environment Department. Dasoudi Residence The Department of Environment has given the green light for the construction and operation of a 16-storey building in Germasogeia. The proposed project, known as Dasoudi Residence, will be approximately 65 metres high and […]

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Damning citizenship by investment scheme report https://www.news.cyprus-property-buyers.com/2021/04/16/damning-citizenship-investment-scheme-report/id=00163823 Fri, 16 Apr 2021 15:15:17 +0000 https://www.news.cyprus-property-buyers.com/?p=163823 More than half of about 3,000 citizenships granted by the state between 2007 and August 2020 as part of the island’s citizenship by investment programme were unlawful, the head of an inquiry said on Friday. Former supreme court judge and inquiry president Myron Nikolatos delivered the interim findings report of a probe into the controversial […]

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