Cyprus Real Estate News

Law regulating Airbnb rentals passed (Fri, 17/01/2020 - 22:36)

Story: A bill to regulate the rentals of self-catering accommodation by owners through online platforms like Airbnb and booking .com was passed by MPs earlier today, covering both new and existing accommodation. Read more...

House prices not recovered from 2007 crash (Fri, 17/01/2020 - 12:28)

Story: House prices and rents in Cyprus have yet to recover to the levels last seen before the island's property market bubble burst in 2007 according to the statistical office of the European Union (Eurostat). Read more...

Law to evict tenants to parliament (Fri, 17/01/2020 - 10:46)

Story: Amendments to the rent control law making it easier for landlords to start the process of evicting tenants who fail to pay their rent will be presented at a plenary session of parliament on Friday. Read more...

House price index falls 5.9 per cent (Thu, 16/01/2020 - 14:01)

Story: The Cyprus house price index (HPI) fell by 5.9 per cent in the third quarter of 2019 but rose by 2.3 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT). Read more...

Permits authorised for 744 new homes (Tue, 14/01/2020 - 15:12)

Story: Building permits authorised in Cyprus during October 2019 provided for the construction of 744 new homes, compared with 617 in October 2018 according to official figures published by the Statistical Service. Read more...

Affordable housing incentive scheme fails (Tue, 14/01/2020 - 10:58)

Story: The government's affording housing scheme, which offers developers incentives to provide cut-priced homes for low-income groups, has failed to attract developers wishing to participate in the programme. Read more...

Financing high-rises a headache for bankers (Sun, 12/01/2020 - 11:01)

Story: The financing of high rises and other major developments in Cyprus that are aimed at foreign buyers interested in acquiring a Cypriot passport are giving the bankers a headache. Read more...

Estia applicants hit 50% of eligible borrowers (Fri, 10/01/2020 - 18:58)

Story: Applications for the Estia programme, which aims to assist home owners with non-performing mortgages by providing government support, have been submitted by more than 50 percent of those eligible. Read more...

Rise in property sales attributed to local & EU buyers (Fri, 10/01/2020 - 18:19)

Story: The 12 percent year-on-year increase in the number of property sales in Cyprus during 2019 was attributable to Cypriots and EU citizens, while the number of sales to non-EU citizens remained stable. Read more...

Annual property sales hit eleven year high (Tue, 07/01/2020 - 12:08)

Story: Property sales in Cyprus during 2019 topped 10,000 to reach the highest number recorded since 2008 according to official statistics published this morning by the Department of Lands and Surveys. Read more...