Cyprus Property News for home buyers and real estate investors

Sunday 19th September 2021
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Pissouri landslide victims slam state’s inaction

People who were living in Pissouri landslide homes accuse the government of double standards in comparison with fire-stricken areas. Residents of Pissouri homes that have...

New high rise building in Germasogeia

A further high rise building may soon be built in the Germasogia area of Limassol following the submission of an environmental impact assessment study...

Strong recovery in construction activity

Construction activity has made a strong recovery from the impact of the COVID-19 containment measures in 2020, with the number of building permits authorised...

Lack of overseas sales slowing market recovery

Figures released by the Department of Lands and Surveys earlier today reveal that the lack of property sales to overseas buyers is slowing the...

Property sales continue to improve

The number of property sales in Cyprus continued to improve in August 2021 compared to the same period last year according to figures released...

Property developers & banks face legal action

The Cyprus Consumer Protection Service (CCPS) has registered 56 applications at court against property developers and banks in connection with abusive clauses in consumer...

Fitch warns of threats to Cyprus banks’ balance sheets

Fitch rating agency reaffirmed Cypriot banks' negative outlook noting the general environment poses threats to their balance sheets. In a report on the Cyprus banks,...

NPLs remain at 18 per cent of total bank loans

Statistics published by the Cyprus Central Bank reveal that non-performing loans (NPLs) in May 2021 accounted for 18.07% of total bank loans; unchanged from...

KEPIDES starts bad bank transformation

After some delay, Cyprus has started the process of transforming the Cyprus Asset Management Company (KEDIPES) into a national asset management company, also known...

Affordable housing in Limassol

The largest housing project in Cyprus with the involvement of the Municipal Authority and a total value of over €100 million was announced by...

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