Latest Headlines

All reports tagged with: "2010"

Top 10 stories from Cyprus in 2010

The chart topper in the Cyprus Property News’ annual list of the Top 10 stories highlights the practices of the Island’s nefarious property developers in a spoof video featuring Adolf Hitler.

Cyprus overseas property market recovery faltering

The recovery in Cyprus’ beleaguered overseas property market may be faltering according to the latest figures released by the Department of Lands and Surveys.

Cyprus property sales improving

The number of property sales in Cyprus during the first six months of the year has improved by almost a quarter on the number sold during the first six months of last year. However, they are still less than half of the number sold during the first six months of 2008.

Sales to non-Cypriots improving slowly

Foreign interest in the Cyprus property market is showing signs of a slow recovery following last year’s disastrous performance, with sales during the first half of 2010 up 9.6% on last year.

Cyprus building permit numbers up in March

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,758 residential properties were authorised in March 2010, an increase of more than 27 percent over the same period last year.

Building permit numbers in Cyprus (February 2010)

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,691 residential properties were authorised in February 2010.

Property sales improved in January 2010

According to figures published by the Cyprus Department of Lands and Surveys, property sales improved last month compared to the number sold in January 2009.

No margin for further price reductions

The chairman of the Cyprus Land & Building Developers Association has said that there is no margin for making further cuts in property prices and that external demand may improve if Cyprus overcomes the problem with Title Deeds.

Another annus horribilis for Cyprus in 2010

Over the past week, a number of articles have appeared in the Cyprus media that have set alarm bells ringing for what 2010 has in store for the property sector and the Island’s economy.

Back to top