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All reports tagged with: "property price"

Construction Cost up 3.9%

According to the Cyprus Statistical Service (CYSTAT) data released on Friday, the Building Material Price Index in November 2006 recorded an increase of 3.9% to 133.68 points against 128.65 points in the corresponding month of 2005. The higher increase was observed in the price of electro-mechanical products (+5.1%) and the industrial products (+4.8%). Also, the […]

Beach Properties – Care of What you Own

We are writing this article because there is a big confusion regarding what property owners of beach properties actually own. The seaside plots may be affected by the seashore protection zone. This zone, which is indicated on the official plans, sets a distance from the seashore line (approximately 300 metres) within which you cannot erect […]

Structural and Routine Defects

It is normal when someone acquires new property that he gets a guarantee for defects for a period of 12 months after delivery. Although not stipulated, in most/all contracts, the Cyprus common law sets out that the developer is liable for ever for the structural stability of a building (other things being equal e.g. earthquake, […]

Cyprus Property Prices Fall for Third Successive Month

The Cyprus property price index is published monthly by BuySell Cyprus Real Estate, a real estate advertiser. The company started to produce its property price index in 2004. It shows the movement of prices at which residential properties in Cyprus are sold and is based on an average of around 400 to 500 home sales/month. […]

Strong Pound and Booming House Prices Help Brits Move Abroad

More than 198,000 British nationals moved overseas last year, bringing the total number of Brits abroad to more than 5.5 million, according to new research from the Institute for Public Policy Research, published today (Monday). The report says that a strong economy at home has encouraged emigration and that very few Britons leave because they […]

No Title Deeds–Security

It is a fact that new property take a long time to secure a title deed and this creates serious problems regarding ownership, finance, re-sale and other matters. At this point of time there is a serious debate that it is taking place in the House of Representatives on the subject, but we have not […]

House Prices Drop by 0.9%

HOUSE PRICES dropped by 0.9 per cent in the period September-October. The average home on the island now costs £91,625. The BuySell Home Price Index was created and is updated monthly on behalf of BuySell Cyprus Real Estate by the independent economic research organisation S. Platis Economic Research. The Index is announced during the second […]

Construction Costs up by 5.15% in Jan-Oct 2006

According to the latest data from the Statistical Service, construction materials prices in the period January-October 2006 rose by 5.15% over the corresponding period of the previous year. The price index of construction materials for October alone reached 133.25 units (base year 2000=100.00), recording an increase of 0.65% over the previous month. The breakdown of […]

The Rights & Responsibilities of a Cypriot Estate Agent

From the numerous letters that we have received (28) and are keep coming, it appears that, especially foreign people, have problems with the commissions involved in a sale and there is a complete confusion as to what the sellers/ estate agents rights and responsibilities are. For this reason we will attempt in this article, within […]

Buy to Let

Cyprus is becoming attractive with increasing number investors, whose prime consideration is to buy a property, in order to let it as an investment. The market is changing and from a 10% share, which originally represented this investment market, these buy-to-let buyers have surpassed now the 25% percentage of the foreign purchases. Residential returns are […]

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