Cyprus Real Estate News

Residential property values based on rents today (3 hours 21 min ago)

Story: In quite general terms, the use of the rental capitalization method for the valuation of an income producing property is based on the rental value of the property capitalised by the appropriate rate (cap rate) based on the yield. Read more...

The long fight for a building permit (Mon, 24/06/2019 - 22:02)

Story: A frustrated citizen reports on his long fight with bureaucracy to get a building permit; he's whose been pushed from pillar to post, ignored, blamed for the delay and threatened if he went to the media. Read more...

Property auction process may get harder for banks (Sun, 23/06/2019 - 08:50)

Story: Opposition parties trying to introduce legislation designed to slow down the property auction process by introducing twelve points, but have yet to get the required majority for it to pass. Read more...

Cypriot passport investment applications falling (Sun, 23/06/2019 - 08:20)

Story: New applications for Cypriot passports under the island's 'citizenship-by-investment scheme' (aka passport-for-cash scheme) are falling, possibly as a result of the stricter rules introduced in May. Read more...

Trapped buyers law changes discussed (Fri, 14/06/2019 - 19:59)

Story: A bill aimed at improving the 2015 trapped buyers law, which was successfully contested by the banks as being unconstitutional in the lower courts is being discussed by the House Legal Affairs Committee. Read more...

Discussions completed on Airbnb bill (Wed, 12/06/2019 - 16:52)

Story: MPs have completed their discussions on the bill aimed at regulating Airbnb-style short-term property lettings and hope it will go before the plenum of the house before the summer recess. Read more...

Building permits for more new homes in Cyprus (Tue, 11/06/2019 - 20:59)

Story: The number of new homes in Cyprus for which building permits were issued rose by 13.7 per cent in March 2019 compared to March 2018 according to the Cyprus Statistical Service. Read more...

Cyprus real estate market review 2018 (Tue, 11/06/2019 - 16:42)

Story: In its annual Cyprus real estate market review, PwC reports that the transaction value of the residential property sector reached €3.1 billion, which accounted for 73 per cent of the market total. Read more...

Cyprus in court over waste water management (Tue, 11/06/2019 - 11:53)

Story: The European Commission has taken Cyprus to the European Court of Justice for its failure to properly treat urban waste water from agglomerations with a population of more than 2,000 inhabitants. Read more...

Help for some Pissouri landslide victims (Mon, 10/06/2019 - 17:06)

Story: The Cyprus Government has promised to provide some financial assistance to a number of Pissouri landslide victims, which is currently affecting about one million square metres southwest of the village centre. Read more...