Cyprus Real Estate News

The Cyprus swimming pool nightmare (Tue, 18/09/2018 - 10:35)

Story: Taking criminal proceedings against owners and Management Committees who fail to comply with the swimming pool law and regulations will damage the Cypriot economy - especially tourism. Read more...

Lawyers minimum fees in the bin (Mon, 17/09/2018 - 17:32)

Story: The Cyprus Bar Association has been forced to repeal rules that required lawyers to charge prescribed minimum fees for their out-of-court work rather than competing against each other on price. Read more...

S&P raises Cyprus credit rating to BBB- (Sat, 15/09/2018 - 19:28)

Story: Cyprus got its investment credit worthiness back on Friday as Standard & Poor’s raised the country's credit rating from BB+ to BBB- with a stable outlook, five years after the financial collapse. Read more...

Sea caves development a ‘litany of irregularities’ (Sat, 15/09/2018 - 17:24)

Story: A special audit report into the procedures that resulted in the desecration of the sea caves area of Pegeia in Paphos on the west coast of Cyprus has uncovered a litany of irregularities. Read more...

Will NPLs sale affect the Cyprus property market? (Wed, 12/09/2018 - 15:27)

Story: Assessing the impact of the sale of non-performing loans (NPLs) will have on the Cyprus property market is not straightforward as George Mouskides, Chairman Cyprus Property Owners Association, explains. Read more...

Bill to tax Airbnb rents to go to plenum (Wed, 12/09/2018 - 14:57)

Story: A bill designed to regulate and tax the rental income on an estimated 40,000 short term Airbnb style properties in Cyprus should be presented at a plenary session of the Cyprus parliament within the next two weeks. Read more...

New home permits up 32.8 per cent (Sat, 08/09/2018 - 21:46)

Story: The number of building permits for the construction of new homes in Cyprus rose 32.8 per cent in June 2018 compared to the corresponding month last year providing for the construction of 506 new residential homes. Read more...

Larnaca marina plans on track (Fri, 07/09/2018 - 13:42)

Story: The competition process to develop Larnaca marina and port are back on track and the tender documents will be delivered today (Friday) after the Transport Ministry rebutted claims that the project was beset by legal complications. Read more...

Larnaca to get its first Mall (Fri, 07/09/2018 - 09:00)

Story: Larnaca is set to see the construction of its first Mall within the next 18 months as part of a new facelift, while local authorities prepare to address challenges it will bring; town planning permits have been issued. Read more...

Larnaca marina development plans stalled (Tue, 04/09/2018 - 15:46)

Story: The competition process to develop Larnaca marina and port have been delayed yet again – this time by extensions to the tender document placing a ceiling on the annual tonnage that can be handled by the port. Read more...