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Cyprus house price index up 3.1 per cent

The Cyprus house price index (HPI) rose by 3.1 per cent in the second quarter of the year and 3.6 per cent on an annual basis according to a preliminary estimate by the Statistical Service.
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Cyprus faces “sizeable downside risks”

Following its mission to Cyprus the International Monetary Fund said that "sizeable downside risks" still exist, citing an extremely high private sector debt and a high proportion of non-performing loans (NPLs).
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Cyprus court upholds trapped buyers law

The Limassol District Court has upheld the 'trapped buyers' law overturning previous district court rulings in favour of banks that blocked Title Deeds being issued to some 70,000 trapped buyers.
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Planning & building permit overhaul

The time consuming and frustrating bureaucracy involved in obtaining building & planning permits in Cyprus may be overhauled provided the recommendations of Austrian experts are adopted.
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Cyprus denies ‘selling’ EU citizenship to rich

Cyprus Finance minister Harris Georgiades has said that reports in the Guardian newspaper concerning the granting of EU citizenship to billionaire Russians and Ukrainians are exaggerated.
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Cyprus Central Bank: home prices rising

The Cyprus Central Bank's 'Residential Property Price Index' reports that home prices in Cyprus rose 0.3 per cent during the first quarter of 2017 compared to the previous three months; the third consecutive quarterly increase.
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Cyprus property prices continue to rise (Update)

RICS (Cyprus) reports that Cyprus property prices are continuing to rise in the thirteenth edition of its Index, with the prices of apartments and houses across Cyprus rising by 1.3 per cent and 2.3 per cent respectively during the first quarter of 2017.
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Cyprus villa in charity raffle

A Somerset man is offering his Cyprus villa, which is situated in the Paphos village of Kathikas, as the prize in a charity raffle that aims to raise £40,000 to support numerous charitable causes including one to support a four-year-old with a rare cardiac tumour.
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Cyprus 7th most popular spot in Europe for Brits

Cyprus is the seventh most popular European country for Britons seeking to relocate or buy a second property with Paphos being the most popular region according to search statistics collected by Rightmove.
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Cyprus slips in property chart

Cyprus has dropped out of the top 10 of the July edition of the TheMoveChannel.com’s Top of the Props chart, which records the most searched for overseas destinations to buy property.
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Cyprus 7th in citizenship by investment

Cyprus has emerged as one of the most popular jurisdictions for EU and non-EU nationals in the Citizenship by Investment Index, published by Financial Times group's Professional Wealth Management.
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Bank of Cyprus fined €170,000

The Bank of Cyprus has been hit with a €170,000 administrative fine by the Office of Competition and Consumer Protection (CCPS) following its investigation into the bank's commercial practices relating to mortgage loans.
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Cyprus property sales up 18% in July

Property sales in Cyprus rose 18 per cent in July compared with July 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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Bank of Cyprus must sell NPLs

The Bank of Cyprus must include the sale of non-performing loans (NPLs) in its toolkit if it is to achieve its ambitious target to halve their ratio to 20 per cent by 2019 says Moody's Rating Agency.
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Cyprus home prices fall 1.4 per cent

Although a quarterly fall of 1.4 per cent in Cyprus home prices was recorded during the first quarter of 2017, prices rose 4.1 per cent on an annual basis according to a press release from the Cyprus Statistical Service (CYSTAT)
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Cyprus real estate market review

PwC (Cyprus) has published "Cyprus Real Estate Market – 2016 Year in Review", which provides a general overview of the Cyprus property sector based on authoritative market data.
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Cyprus ‘well prepared’ for skyscraper disasters

The Cypriot authorities have assured that fire safety measures are in place to tackle skyscraper disasters following concerns arising from the Grenfell tower disaster in west London.
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Overseas Cyprus property sales rocket

The surge in Cyprus property sales in May that we reported last Thursday was helped significantly by a more than three-fold increase in sales to the overseas market according to official figures.
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Strong surge in Cyprus property sales

There was a strong surge in the number of Cyprus property sales during May, with the number of contracts deposited at Land Registries across the island up 59 per cent compared to May 2016.
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Cyprus building more new homes

The number of new homes in Cyprus for which building permits have been issued rose by 34.6 per cent in March 2017 compared to the same period in the previous year according to the Cyprus Statistical Service.
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