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All reports tagged with: "cyprus property"

Online property auctions to combat NPLs

An online auctions platform has been launched designed to increase the sale of mortgaged properties whose owners have defaulted on their loan agreement and before a foreclosure has taken place.

Instability expected in Cyprus real estate sector

Although it’s too early to make any conclusions, there are indications that the Cyprus real estate sector may experience significant instability and uncertainty in 2020 according to a PwC report.

Bank foreclosure: outline of the legal framework

The procedure by which banks in Cyprus foreclose on property is often confusing and the law misinterpreted; Christiana Achilleos, a Senior Litigation Lawyer, provides an outline of the legal framework.

Citizenship scheme reaching saturation point

Cyprus’ property developers and other stakeholders are concerned over the future of the construction industry as the Citizenship for Investment Scheme appears to be reaching saturation.

Rise in property sales led by local & EU buyers

The rise in property sales during September was led by local and overseas buyers from the EU who between them purchased 47 (10%) more properties than September 2018 say official figures.

Chinese investors in €30 million property deal

Chinese investors have secured land amounting to 32,271 sqm. in the Tsiflikoudia area of Limassol to the north of the marina in a €30 million deal with the Bank of Cyprus’ Real Estate Management Unit (REMU).

Foreign demand for Cyprus property slumps

Demand for Cyprus property by non-EU nationals has fallen, but it’s unclear whether this is due to the stricter controls imposed by government following criticism by the European Union.

Free property news & articles

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Cyprus property construction costs

The Cyprus Statistical Service (CySTAT) has just published a report detailing the construction costs of Cyprus property, including houses, apartments, holiday apartments, hotels, etc.

Cyprus property sales fall in all market segments

The 17 per cent reduction in Cyprus property sales during June was due to a slowdown in all segments of the market according to official figures published by the Department of Lands & Surveys.

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