Cyprus Property News for home buyers & real estate investors in Cyprus

30th November 2021
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Foreclosure warning letters on the rise

The number of foreclosure warning letters being sent by the Cyprus banks to borrowers who fail to maintain their repayments is on the rise, according to information from the Cyprus Central Bank

Hotel projects grow as Airbnb is to be regulated

New hotels are sustaining a construction industry boom as hoteliers also go ahead with renovations and expansions, despite challenges posed by private self-service accommodation units.

IMF: Reinstate Immovable Property Tax

The International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and raising transfer duty to increase revenues.

Zero rent increase – wrong decision

How will foreign investors invited to put money into the Cyprus property sector interpret the decision by the Government's Council of Ministers that there will be no rent increases until 2019?

Marginal increase in building permits

The number of building permits authorised by the municipal authorities and the district administration offices during May 2016 stood at 440 according to the Cyprus Statistical Service.

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