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Latest News & Updates

Limassol balcony collapse prompts evacuation of 56-flat block

Residents were evacuated from a 56-apartment block in Limassol after a balcony collapsed on Thursday morning. No one was injured. The incident happened at about...
Property Prices

Residential property prices up 5% year-on-year in Q3 2025

An annual increase of the Residential Property Price Index (RPPI) by 5% was recorded in the third quarter of 2025, compared with 4.7% in...
Property Sales

Russians top list of foreign property buyers

Russians were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data...
Latest News & Updates

Fast track procedure for building permits

More than 2,500 building permits have been issued under the new, fast-track procedure since it was implemented in October 2021, Interior Minister Nicos Nouris...
Latest News & Updates

MEPs press for EU-wide ‘Golden Passports’ ban

The European Commission will very soon present a recommendation to all Member States addressing residence permits and citizenship under investor schemes, Commissioner for Home...
Latest News & Updates

ECB cautions over changing foreclosure law

ECB supervisory board member Elizabeth McCaul advises caution over possible amendments to the Cyprus foreclosure law as they could "backfire and destabilise the banking...
Non-Performing Loans

700 borrowers unviable for Estia relief scheme

A total of 700 borrowers with non-performing loans (NPLs) amounting to about €173 million were deemed non-viable for loan subsidisation under the Estia scheme,...
Latest News & Updates

Loan repayment holiday until June 2021

The Central Bank of Cyprus (CBC) has approved a new loan repayment moratorium until the end of June because of the COVID-19 pandemic's consequences...
Latest News & Updates

Small drop in non-performing loans

Cyprus' non-performing loans (NPLs) recorded a small decrease by €13.5 million, totalling €6.52 billion at the end of August, according to the latest data...
Latest News & Updates

Cyprus residential property prices decelerating

The Residential Property Prices Index (RPPI) for the first quarter showed signs of slowing down due to the stricter criteria imposed on the Cyprus...

Essential Due Diligence

While buying property in Cyprus holds many opportunities, it also comes with risks. Carrying out due diligence before signing a sale agreement is essential to safeguard your investment, avoid legal complications, and ensure peace of mind.

DO THESE CHECKS BEFORE BUYING

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