Cyprus Real Estate News

Fewer new homes in November (вт, 19/02/2019 - 19:50)

Story: Building permits for the construction of 580 new homes in Cyprus were authorised during November 2018; a fall of 11.9 per cent compared with the corresponding month in 2017 according to official figures. Read more...

Changes to Citizenship scheme approved (чт, 14/02/2019 - 18:51)

Story: Changes to Cyprus' controversial citizenship-by-investment scheme, which has granted 1,864 citizenships and generated €6.6 billion of foreign investment, have been approved by the Cabinet. Read more...

Cyprus banks awash with properties (пн, 11/02/2019 - 15:08)

Story: Banks in Cyprus have acquired more than 14,000 properties from households and businesses through foreclosures and debt-to-assets swaps according to a report in the Phileleftheros. Read more...

Warnings of further rent rises in Limassol (вс, 10/02/2019 - 22:19)

Story: Further rent rises in Limassol are expected as thousands of construction workers needed to complete numerous projects will require accommodation in or near the city pushing rents up even higher. Read more...

Citizenship linked to president’s family ties (вс, 10/02/2019 - 12:50)

Story: Cypriot citizenship has been granted to a Russian billionaire; a former shareholder in a Russian bank whose premises in Limassol were built by a company co-owned by the president's son-in-law. Read more...

Trapped buyers still at banks’ mercy (пт, 08/02/2019 - 18:29)

Story: Despite promises made by deputies last November that they intended to resolve the 'trapped buyers' mess by Christmas, it seems that little (if any) progress has been made towards its resolution. Read more...

The Property Consultant …or NOT! (чт, 07/02/2019 - 18:25)

Story: The fact that one is simply marketing to sell/rent an apartment, or two, or a few, does not make him a property consultant or expert in the field but merely one who is selling a apartments. Read more...

Airbnb-style rental law faces major issue (ср, 06/02/2019 - 14:58)

Story: A bill designed to regulate Airbnb-style short-term property rentals is almost ready to be put to the vote, but one issue has to be resolved; the ease with which owners would be able to rent out apartments. Read more...

Bank of Cyprus sells NPLs to APS (ср, 06/02/2019 - 14:36)

Story: The Bank of Cyprus has sold non-performing loans (NPLs) amounting to some €34 million to APS, part of the APS Holdings group, which is also handling the Hellenic Bank’s portfolio of bad debts. Read more...

Larnaca high-rise developments planned (вт, 05/02/2019 - 17:03)

Story: Larnaca may soon be joining Limassol, Paphos and Nicosia in the high-rise towers club, providing that the application for a town planning permit is approved by the Larnaca Municipality Read more...