Cyprus Property News for home buyers and real estate investors

Saturday 6th March 2021
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Cyprus real estate stricken by pandemic

Pundits believe that the Cyprus real estate market will suffer a significant downturn as a result of the coronavirus pandemic, which is mainly supported by foreign investment and demand.

Passports: the barometer for real estate

Stricter criteria imposed earlier in the year before a Cyprus passport can be acquired have impacted real estate sales, according to a recently-released Central Bank of Cyprus financial report.

Call for action over sky-high rents

As rents in Cyprus reach new heights with every passing month, pressure is building on the government to take affirmative action to ensure affordable accommodation for working families.

REMU debt to asset swaps increasing

Increasing numbers of properties in Cyprus including homes, hotels and golf courses are being transferred to the Bank of Cyprus Real Estate Management Unit (REMU) by debt to asset swaps.

Cyprus real estate dynamics report

Ernst & Young Cyprus Ltd (EY) has published the first edition of its Real Estate Dynamics Report, which contains an analysis of recent developments in the Cyprus construction and real estate sectors.

When will they ever learn?

The emerging Chinese market is being put under threat from the "appalling practices" of those in the real-estate sector according to the general secretary of the Chamber of Commerce and Industry.

Sales up on last year but foreigners holding back

Property sales in March indicate that the Cyprus market may be on the road to recovery, but foreigners are still not buying in the key tourist areas.

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Apartment prices highest in Limassol

A recent survey that compared apartment prices across the island concluded that the most expensive were in Limassol, followed by Nicosia, Larnaca, Paphos and...