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High-end Cyprus property sales boom

PwC Cyprus reports that 260 high-end properties in Cyprus (in excess of €1.5 million) were sold during 2017, which contributed to the wider recovery of the real estate industry and the rise in prices for the first time in several years.
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Peyia sea caves media reports

The desecration of the sea caves area of Pegeia in Paphos on the west coast of Cyprus by the construction of so-called luxury properties, villas and a 168 room five-star hotel has been the subject of a number of media reports over the past week.
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Cyprus Property Transfer Fees and VAT

MPs in Cyprus are planning to revise Property Transfer Fees and the VAT paid on land sales to eliminate distortions in the Cyprus property market, which they believe is adversely impacting competition.
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Troika back in Cyprus

Representatives from the troika of Cyprus' international lenders, the IMF, EC and the ECB, have been in Cyprus since Monday conducting a fourth post-programme review, which they are expected to complete next Friday.
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Cyprus passport sales revealed

Following questions raised by Giorgos Perdikis concerning the transparency of the citizenship by investment aka passport for cash scheme the Cyprus News Agency reported the figures on Monday.
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Strong growth in Cyprus property prices

The RICS Cyprus Property Price Index for Q3 2017 reports strong growth in property prices across the island with an annual increase of 7.4% in apartment prices and a 4.2% increase in house prices.
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Pitfalls to avoid when buying property in Cyprus

To help prospective buyers avoid making costly mistakes, Charles Savva outlines the top 10 pitfalls to avoid when buying property in Cyprus and how to ensure that property purchases move forward smoothly and efficiently.
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Cyprus plans asset management company

Nearly five years after the troika of Cyprus’ international lenders proposed that the country establish an asset management company to help reduce the high level of NPLs, Cyprus will present plans for an AMC in Brussels next week.
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Cyprus house price index falls 0.3 per cent

The Cyprus house price index (HPI) fell by 0.3 per cent in the third quarter of 2017 but rose 0.6 per cent on an annual basis according to a preliminary estimate by the Statistical Service.
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Government striving for Title Deeds solution

The Cyprus government is trying to expedite a resolution to the Title Deeds-cum-fraud mess in which people were duped into buying property built on land that the developer had earlier mortgaged to the bank.
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Cyprus property taxes in 2018

A number of changes to Cyprus property taxes have been made in recent times, most notably the introduction of VAT on the sale of building land, which I have summarised together with other changes in this article.
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Our top 10 most read stories from Cyprus in 2017

We'll go over the top ten most read stories published by Cyprus Property News over the past 12 months, which include stories about trapped buyers, Swiss Franc loans and property taxes.
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Crocodile park returns

Following a rejection of a crocodile park by the Psematismos and Athienou communities TSA Crocopark Ltd has approached the Achna district to discuss the possibility of a theme park.
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Cyprus residence permits statistics

Cyprus issued 16,970 residence permits to non-EU citizens in 2016 according to statistics published yesterday by the Eurostat, the statistical office of the European Union, in a press release.
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Cyprus property prices on the rise

Cyprus property prices are continuing to rise, according to the thirty-first publication of the RICS Cyprus Property Price Index with apartment and house prices maintaining a steady growth.
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Home prices up says Cyprus Central Bank

Home prices in Cyprus (houses and apartments) recorded a quarter-on-quarter increase of 0.5 per cent in the second quarter of 2017 according to the Cyprus Central Bank's latest Residential Property Price Indices.
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Scheme to alleviate bailout losses

Cyprus Finance Minister Harris Georgiades has announced the creation of a scheme to alleviate bailout losses, which amounted to €8 billion, incurred by depositors as a consequence of the bailout.
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Cyprus building permits bureaucracy

The World Bank 'Doing Business' report for Cyprus highlights the mind-boggling level of bureaucracy in dealing with building permits involving several government and local authority departments.
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Cyprus property sales up 21% in October

Property sales in Cyprus rose 18 per cent in October compared with October 2016 with sales increasing in all districts (with the exception of Larnaca) according to official figures from the Department of Lands and Surveys.
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Construction helps Cyprus exit recession

Laying the cornerstone of '360', the tallest construction in Nicosia, President Anastasiades said that the construction boom confirms the government's focus on exiting the vicious cycle of economic recession.
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