Cyprus Property News for home buyers and real estate investors

Wednesday 16th June 2021
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Up to nine complaints a day about estate agents

The Cyprus Real Estate Registration Council revealed on Monday that on average three to nine cases of malpractice within the sector are reported daily...

Surge in the construction of new homes

March 2021 saw a surge in the planned number of new homes to be built in Cyprus according to the building permit statistics published...

Cyprus property sales recovery continues

The positive trend in the number property sales in Cyprus continued in May with the number of contracts deposited at Land Registry offices up...

New high-rise in Limassol

The Department of the Environment has given the green light for the construction of a 15 storey high-rise in Limassol. The proposed development is located...

Paphos marina delayed yet again

The creation of a long-anticipated marina to serve Paphos has been held up again, following a complaint raised by one of the parties, the...

Real estate indicators improving

Cyprus’ macroeconomic performance throughout 2021 will remain under pressure, with downward annual variations in several indicators influenced by the ongoing pandemic. However, when the health...

Central Bank worried about falling property prices

In its recent financial stability report, the Cyprus Central Bank notes that "even a relatively small deterioration in the performance of the property sector...

High rise buildings collapse

Demand for new high rise buildings in Cyprus has collapsed following the demise of the island’s disgraced citizenship by investment (aka golden passport) scheme. While...

Project to redevelop Moni cement plant

Sarels Ltd. has submitted proposals to the Department of Environment for a project to redevelop part of the site of the old cement plant...

Cyprus files first golden passport prosecution

Cyprus has filed its first criminal prosecution in a disgraced citizenship by investment (aka golden passport) scheme abolished last year after an Al Jazeera’s...

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