Cyprus Property News for home buyers and real estate investors

Saturday 18th September 2021
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New high rise building in Germasogeia

A further high rise building may soon be built in the Germasogia area of Limassol following the submission of an environmental impact assessment study...

Banking sector challenges lie ahead

The banking sector faces multiple challenges ranging from the large percentage of non-performing loans (NPLs) to climate change; despite progress made, speakers told the...

Strong recovery in construction activity

Construction activity has made a strong recovery from the impact of the COVID-19 containment measures in 2020, with the number of building permits authorised...

Lack of overseas sales slowing market recovery

Figures released by the Department of Lands and Surveys earlier today reveal that the lack of property sales to overseas buyers is slowing the...

Property sales continue to improve

The number of property sales in Cyprus continued to improve in August 2021 compared to the same period last year according to figures released...

As Cyprus changes so do properties

Large companies and high-net-worth individuals who purchase houses and apartments either to resell or rent them to third parties currently make up 20% of...

Property developers & banks face legal action

The Cyprus Consumer Protection Service (CCPS) has registered 56 applications at court against property developers and banks in connection with abusive clauses in consumer...

Fitch warns of threats to Cyprus banks’ balance sheets

Fitch rating agency reaffirmed Cypriot banks' negative outlook noting the general environment poses threats to their balance sheets. In a report on the Cyprus banks,...

NPLs remain at 18 per cent of total bank loans

Statistics published by the Cyprus Central Bank reveal that non-performing loans (NPLs) in May 2021 accounted for 18.07% of total bank loans; unchanged from...