Cyprus Real Estate News

Non-performing loans highest in Europe (Sat, 21/07/2018 - 13:21)

Story: Non-performing loans (NPLs) in the Cypriot construction and real estate sectors are amongst the highest in Europe with construction NPLs standing at 75 per cent and real estate NPLs standing at 39 per cent at the end of March. Read more...

Doubts over new moves on Title Deeds (Sun, 15/07/2018 - 12:50)

Story: Questions remain over how the gentlemen's agreement enabling 'trapped buyers' to get the Title Deeds to properties they purchased and paid for in good faith will work in practice; the Association of Cyprus Banks has yet to respond. Read more...

Larnaca Tower plans progressing (Sun, 15/07/2018 - 09:11)

Story: It looks as if a high-rise development 'Larnaca Tower' will soon get underway in the seafront area of Phinikoudes if the paperwork submitted by the Russian investor Nikolai Potapenko is approved by the authorities Read more...

No tax on mortgaged property sales (Fri, 13/07/2018 - 18:22)

Story: Those selling their mortgaged property in Cyprus to reduce or repay their mortgage debt will be exempt from paying capital gains, income tax, special defence contributions, as well as stamp duty and transfer fees. Read more...

Cyprus house prices fall 1.8 per cent (Tue, 10/07/2018 - 15:37)

Story: The Cyprus house price index (HPI) fell by 1.8 per cent in the first quarter of 2018 but rose 3.7 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT). Read more...

What the new foreclosure bills mean (Tue, 10/07/2018 - 14:34)

Story: The new foreclosure bills passed by the Cyprus parliament expedites foreclosure proceedings, makes it easier for financial institutions to remove bad loans from their balance sheets, and increases the number of borrowers eligible for insolvency schemes. Read more...

Tougher insolvency & NPL laws (Mon, 09/07/2018 - 11:09)

Story: MPs approved tougher laws for dealing with non-performing loans (NPLs) and foreclosures that should also enable trapped buyers to get a Title Deed at a special plenary session of the Cyprus parliament yesterday. Read more...

High-rise not needed in Paphos (Sun, 08/07/2018 - 19:57)

Story: Following last week's news that applications had been received for ten high-rise developments in Paphos, a 500 strong 'Movement to Save Paphos' group says there is no need for such construction in the District. Read more...

Small rise in Cyprus property sales (Thu, 05/07/2018 - 12:30)

Story: Although the number of property sales in Cyprus continued to rise in June according to the number of sales contracts deposited at Land Registry Offices, only a marginal rise was reported compared with June 2017. Read more...

Permits for new homes up 44.6 per cent (Wed, 04/07/2018 - 17:20)

Story: The number of building permits for the construction of new homes in Cyprus rose 44.6 per cent in April 2018 compared to April 2017 providing for the construction of 418 new homes. Read more...