The UK Foreign & Commonwealth Office has recently updated information for British nationals wanting to buy property in Cyprus; further information be found on the UK.GOV website.
The Cyprus Land Registry has come under attack over its valuation of properties on the island and while its 2018 valuations are lower than those in 2013, property prices continue to rise.
A personal view on foreclosures, the banking system and the Cypriot mentality of never taking responsibility for actions & decisions by 'Patroclos' a regular columnist in the Sunday edition of the Cyprus Mail.
In 2017, Cyprus granted residence permits to 18,971 non-EU citizens, according to figures published by Eurostat on Monday, with the majority being granted to citizens of India and Russia.
The Cyprus Statistical Service (CySTAT) has just published a report detailing the construction costs of Cyprus property, including houses, apartments, holiday apartments, hotels, etc.
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.
Although the years of austerity in the Cyprus building and construction sectors appear to be over, pundits believe that they remain heavily dependent on the passport for investment scheme.
There are opportunities for those living in Cyprus to the reduce their energy costs through a new energy saving scheme that encourages the use of renewable energy sources and energy saving in households.
As the landslide in Pissouri gains momentum destroying everything in its path more residents are living in hell in the village once described by Gordon Honeycombe as being on 'The Edge of Heaven'.
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 apartments.
Risks, driven by world economy deceleration, Brexit as well as Cyprus' domestic challenges are clouding the medium-term outlook of the Cypriot economy, an economic conference has heard.
When it comes to property trust the numbers, not rumours says Yiannis Misirlis commenting on the views of Nobel Laureate in Economics Christopher Pissarides last Sunday.
The Cyprus property portal Zyprus, which enables business to advertise their properties for sale and rent, has recently added a forecasting tool that helps owners of property assess how its value may change in 2019.
Short-term Airbnb style property lettings will have a positive impact on the Cyprus real estate market and tourism industry, but balanced legislation is needed to ensure those positive impacts are achieved.
