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Cyprus house price index falls
The Cyprus house price index (HPI) fell by 3.7 per cent in the third quarter of 2019 and by 4.8 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
- Jointly Owned Buildings
Swimming pool laws set to hit tourism revenues
Barring a miracle, swimming pools in privately owned complexes, such as the Royal Seacrest in Kato Paphos, will remain closed this year affecting tourist revenues and local businesses.Communal fees – sinking fund
Some Management Committees in Cyprus have set up a 'sinking fund'; money set aside to replace/renew/repair items like swimming pool equipment, watering systems, external redecoration, etc.Complex management seminar
The Almyra hotel in Paphos is the venue for a free seminar to be held in November covering communal ownership, management committees and general management of communal areas.
- Investor Centre
- Statistics
Building permits maintaining strong growth
The number of building permits authorised in Cyprus during February 2020 provided for the construction of 680 new homes; an increase of 18 per cent compared to February 2019 according to official figures.
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Established in 2005, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.
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