Cyprus Real Estate News

Ayia Napa golf course plans rejected (Tue, 22/01/2019 - 10:03)

Story: Plans to build a golf course at Ayia Napa have been given the thumbs down by the Environmental Department as it will have significant negative and irreversible effects on the environment. Read more...

Passport-for-sale schemes pose crime risks (Tue, 22/01/2019 - 09:26)

Story: The EU says that passport-for-sale schemes by Malta, Cyprus, and Bulgaria pose risks of infiltration of non-EU organised crime groups in the economy, money laundering, corruption and tax evasion. Read more...

How will property values change in 2019? (Mon, 21/01/2019 - 13:00)

Story: The Cyprus property portal Zyprus, which enables business to advertise their properties for sale and rent, has recently added a forecasting tool that helps owners of property assess how its value may change in 2019. Read more...

Short-term lettings, real estate & tourism (Sun, 20/01/2019 - 10:42)

Story: 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. Read more...

Cyprus house prices rise 0.2 per cent (Fri, 18/01/2019 - 14:47)

Story: The Cyprus house price index (HPI) rose by 0.2 per cent in the third quarter of 2018 and by 1.7 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT). Read more...

A new property bubble in the making? (Sun, 13/01/2019 - 10:19)

Story: Nobel Laureate in Economics Christopher Pissarides believes there's another bubble being created in the Cyprus property sector although George Mouskides refers to the rise in transactions as a "healthy increase". Read more...

House repossessions at a low ebb (Thu, 10/01/2019 - 16:39)

Story: Although recent changes to the law have been made in efforts aimed at helping the Cyprus banking system to reduce high levels of NPLs, house repossessions are still at a low ebb according to Central Bank data.. Read more...

December property sales crash (Mon, 07/01/2019 - 13:17)

Story: Following nineteen consecutive months of rising property sales in Cyprus, December 2018 sales saw a crash in their number according to official figures published by the Department of Lands and Surveys. Read more...

Affordable housing on political agenda (Sun, 06/01/2019 - 19:57)

Story: Sky-high rents have put affordable housing on political agenda with the government drafting a new housing policy in efforts to persuade the construction sector to build cheaper apartments. Read more...

Communal fees – sinking fund (Sun, 30/12/2018 - 17:03)

Story: 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. Read more...