Cyprus Real Estate News

Surge in new homes construction (Fri, 13/10/2017 - 10:18)

Story: July saw another surge in the building of new homes with a 40.6 per cent increase in the number of building permits issued for their construction compared to the same period in 2016. Read more...

Cyprus house price index up 3.1 per cent (Wed, 11/10/2017 - 14:43)

Story: The Cyprus house price index (HPI) rose by 3.1 per cent in the second quarter of the year and 3.6 per cent on an annual basis according to a preliminary estimate by the Statistical Service. Read more...

IMF: Reinstate Immovable Property Tax (Wed, 11/10/2017 - 09:44)

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International Monetary Fund (IMF) has called on Cyprus to consider reinstating the Immovable Property Tax, which was withdrawn this year, and raising transfer duty to increase revenues.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

Paphos marina decision expected soon (Wed, 11/10/2017 - 09:01)

Story: The Pafilia Group should hear by the end of the month whether it has met the required criteria to build the Paphos marina, which has been stalled by bureaucracy and legal battles for more than a decade. Read more...

VAT on land sales agreement (Tue, 10/10/2017 - 21:07)

Story: Cyprus is to impose VAT at a rate of 19 per cent on land sales for commercial activities, which will be based on the Dutch model according to a report in the Greek language media. Read more...

Some relief for blighted Paradise Hills (Mon, 09/10/2017 - 09:08)

Story: Home buyers on the blighted Paradise Hills estate at Marathounda in Paphos may receive assistance from the authorities to prevent a repetition of last winter's heavy flooding caused by a rainwater drainage pipe. Read more...

September property sales up 8 per cent (Sun, 08/10/2017 - 19:39)

Story: The number of property sales in Cyprus during September 2017 rose by 8 per cent compared with the same month last year according to official figures from the Department of Lands and Surveys. Read more...

Primary residences protection scheme falls flat (Sun, 08/10/2017 - 18:56)

Story: The government backed primary residences protection bill designed to protect an estimated 200 crisis-stricken homeowners against foreclosure has failed MPs heard on Monday. Read more...

Cyprus faces “sizeable downside risks” (Sun, 08/10/2017 - 18:31)

Story: Following its mission to Cyprus the International Monetary Fund said that "sizeable downside risks" still exist, citing an extremely high private sector debt and a high proportion of non-performing loans (NPLs). Read more...

Cyprus court upholds trapped buyers law (Thu, 21/09/2017 - 08:47)

Story: The Limassol District Court has upheld the 'trapped buyers' law overturning previous district court rulings in favour of banks that blocked Title Deeds being issued to some 70,000 trapped buyers. Read more...