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Is property in Cyprus overpriced?

In the wake of Cyprus’ remarkable real estate boom many people believe that property on the Island is overpriced. Here is a simple test to see if they are correct.
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Managing Cyprus apartments and building complexes

Many people buying apartments in Cyprus and units in building complexes are unaware of how they are managed and their obligations. Louise Zambartas explains.
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Bank of Cyprus loan for Limassol marina

An agreement has been reached between the Bank of Cyprus and Limassol Marina Limited for a loan for the construction of the new marina which should open in 2012.
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RICS Cyprus property price index published

Earlier today, RICS Cyprus published the first issue of its property price index which is based on a methodology developed by Reading University in the UK.
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Reactions to the Orams ruling

In the past few days the Cyprus press has reported comments and reactions to the Court of Appeal’s ruling on the Orams case, which has far-reaching implications for those living in the divided island.
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Orams must demolish house in occupied north Cyprus

David and Linda Orams will have to demolish their house in occupied northern Cyprus after the Court of Appeal ruled orders from a Nicosia court must be enforced.
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Govt figures confirm Cyprus meltdown

The scale of the recession's damage to the overseas property market in Cyprus has been revealed by official figures that show an 84% drop in sales to non-Cypriots since peak.
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Critics fear impact of Cyprus marina project in Limassol

Critics of one of Cyprus’ largest infrastructure schemes, the luxury marina project at Limassol, have concerns over its financial and environmental impact and fear that it will throw the harbour’s little guys overboard.
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Cyprus overseas property market collapse

Figures issued earlier today by the Cyprus Department of Lands and Surveys reveal that the Island’s overseas property market collapsed in 2009 with a mere 1,761 properties being sold to non-Cypriot buyers during the year.
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Property sales in Cyprus fell in 2009

Although the number of properties sold in Cyprus during December 2009 showed an overall improvement on the number sold during December 2008, total property sales over the year fell.
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Cost of owning a home in Cyprus could rise

The cost of owning a home in Cyprus could increase as a consequence of the package of measures announced yesterday by Interior Minister Charilaos Stavrakis and this may have the effect of further depressing the Island's already beleaguered overseas property market.
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Another annus horribilis for Cyprus in 2010

Over the past week, a number of articles have appeared in the Cyprus media that have set alarm bells ringing for what 2010 has in store for the property sector and the Island’s economy.
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Misleading holiday home advertisements banned

A Cyprus property owner has been rapped by advertising watchdogs for posting misleading and untruthful descriptions of an apartment and luxury villa on holiday websites by the Advertising Standards Authority in the UK.
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Top 10 Cyprus news stories in 2009

We have compiled a list of the Top 10 Cyprus news stories from the Property Magazine that have attracted the most interest from readers over the past 12 months. It is perhaps not surprising that the name MacAnthony appears twice in the list.
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Cyprus building permits for residential units fall in September

Figures released earlier today by the Cyprus Statistical Service (CYSTAT) show that building permits for the construction of 1,557 residential properties were authorised in September 2009; down 8.0% on the 1,692 authorised in September last year.
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Property sales to non-Cypriots improve slightly

Compared to previous months, the number of non-Cypriots buying property in November improved slightly. But as December is normally the quietest month for property sales, it seems unlikely that the total number of properties sold to foreigners will exceed 1,900 this year.
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Cyprus property sales: December 2009 report

The number of properties being sold in Cyprus improved marginally last month. However, demand is still very low compared to previous years and some believe the Island’s property market will never return to the heady days of 2007.
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Cyprus property dealer murdered

Police are investigating the murder of a property dealer whose body was found on a beach in the Ayios Tychonas area of Limassol yesterday morning. A pathologist has confirmed that the man had been strangled.
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Property buyers rights to be strengthened by new law

The Cyprus Interior Minister, Neoclis Sylikiotis, has asserted once again that the draft legislation currently under discussion is designed to strengthen the rights of property buyers and will create healthier conditions in the Island's real estate market.
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Interest groups doubtful on Title Deeds legislation

Property groups in Cyprus remain sceptical of the effectiveness of the Title Deed legislation being proposed by the Interior Minister Neoclis Sylikiotis following his briefing to them last evening.
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