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All reports tagged with: "real estate"

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.

Cyprus real estate market review

The PwC Cyprus Real Estate Market review for the 1st half of 2019 reveals that a quarter of all property transactions took place in April, just before stricter criteria were introduced for those applying for citizenship.

Cash Was King!

Cash Is King is a slang term reflecting the belief that money (cash) is more valuable than any other form of investment tool. This phrase is typically used when prices in the securities market are high.

New criteria for passport scheme

New criteria for those wishing to obtain a Cyprus passport through the much criticised citizenship by investment scheme will come into force next week and will include due diligence checks on applicants.

Rush for Cypriot passports before rules tighten

Foreigners are rushing to acquire Cypriot passports via the citizenship-by-investment scheme before the rules are tightened on 15th May according to a report in the Greek daily Phileleftheros.

Highest property prices and rents in Limassol

Limassol is where rental and property prices are the highest in Cyprus according to a recent report by DANOS International Property Consultants (DANOS/BNPPRE) due to tourism and Airbnb-type rentals.

Cyprus banks awash with properties

Banks in Cyprus have acquired more than 14,000 properties from households and businesses through foreclosures and debt-to-assets swaps according to a report in the Phileleftheros.

Short-term lettings, real estate & tourism

Short-term Airbnb style property lettings will have a positive impact on the Cyprus real estate market and tourism industry, but balanced legislation is needed to ensure those positive impacts are achieved.

Non-performing loan laws inefficient

The legal frameworks introduced by Cyprus aimed at reducing non-performing loans (NPLs) are inefficient according to the European Stability Mechanism (ESM) in its annual report.

Passports scheme could bring Dutch disease

The Fiscal Council has warned that overreliance on the Passports for Cash Scheme aka Citizenship by Investment Scheme aka Golden Visa Program could bring ‘Dutch disease’ to Cyprus.

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