Key findings form a real estate conference to discuss the state of the Cyprus property market recently hosted by RICS (Cyprus) at which the management of REOs and NPLs were also discussed.
In its 2016 annual review Resolute Asset Management reports that the Cyprus real estate market is gradually becoming more active partly due to improving local and international economic conditions.
With the Bank of Cyprus now being the island's second-biggest private real-estate agent after the church, it might be seen as a good place to start bargain-hunting for a property in Cyprus.
In isolated cases, where the demand for residential real estate in Cyprus is low and distressed assets result in excess supply, further discounts of up to 40% of market value are possible.
Cyprus real estate taxes are steep, unpredictable and complex and must be reduced and simplified if the island's property sector is to survive and prosper; owning property must be profitable.
The Fourth Estate, typically the independent press or media, has betrayed us all enabling the First and Second estates, the elite, to run unchecked, as he Third became increasingly self-centred.
The banking and real estate sectors in Cyprus are intertwined and the restoration of the health of the banking system is a vital necessity for the sustainable recovery of the real estate market.
During the first three quarters of 2014 more than 3,200 residential property transactions took place across Cyprus according to figures released by Cyprus Economic Intelligence (CEI).
Pundits in the real estate sector expect that property prices will continue to fall in 2015 but believe that interest from overseas buyers will continue due to incentives introduced by the government.
Although Leaf Research predicts that the downturn in the Cyprus real estate market is likely to continue, some positive prospects for the island's economy and its real estate market are starting to appear.
Timothy Kirkhope, MEP for Yorkshire and the Humber, has raised a question in the European Parliament concerning the issue of residence permits to third country nationals investing in real estate.
Investment in private real estate debt is the acquisition of performing or non-performing real estate loans from private lending institutions or from government sponsored 'bad banks’.
As the Cyprus economy has been in a downward spiral for two to three years, it would be unfair to argue that the MoU with our international lenders is responsible for the fall in property values and demand.
In light of the current environment in Cyprus, valuers face difficulties and complications when valuing (mainly commercial) real estate due to the lack of sales data and other factors.
If the Troika's bailout conditions for Cyprus are implemented, what will be the impact on the island's real estate market? Will we achieve PAMELA, the Proper Asset Management of Estates, Loans and other Assets?
The European Commission considers the conditions that non-Cypriots EU citizens must fulfil to be included in the registry of real estate agents in Cyprus discriminates against them and do not conform with EU law
The number of properties sold in Cyprus during June weakened, with the total number of contracts of sale deposited at Land Registry offices down 8 percent compared with June 2011.
The Cyprus Residential Development Prime market report 2012 by international property consultancy firm Frank Knight says that demand for the very top-end of the real estate market has remained strong.
The eighth issue of the RICS Cyprus Property Price Index reports that real estate prices and rents across the Island's main urban areas continued to fall during the third quarter of the year.
Property prices and rents across the major urban areas of Cyprus continued to fall during the second quarter of 2011, according to the seventh issue of the RICS (Cyprus) Property Price Index published earlier today.
