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The Greek haircut and the Cyprus real estate market

With the share price of one of the banks in Cyprus having fallen to a 12 year low, the repercussions of the 50 percent haircut on Greek bonds and now the possibility of Greece defaulting are devastating - and the Cypriot real estate sector is part of the problem.
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The Cypriot real estate market will recover when…

Many reasons have been given for the decline in sales of property in Cyprus in recent times. In our latest 'Have your Say' poll we are asking our readers what needs to be done to set the beleaguered real estate market on the road to recover.
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Cypriot real estate sales in freefall

There seems to be no way to stop the rapid decline in Cyprus property sales, which have been falling since July 2010 and which are now at levels lower than the year the market crashed in 2009.
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Disastrous decline in real estate market continues

The continuing crisis in the Cyprus real estate industry can only be described as disastrous as the latest figures released by the Land Registry reveal that property sales fell for the thirteenth consecutive month in July.
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Disappointing drop in Cyprus real estate prices

The fifth issue of the RICS Cyprus Property Price Index show that real estate prices across the Island fell during the fourth quarter of 2010, with house and apartment prices falling by an average of 2.6% and 2.4% respectively.
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Central Bank real estate price index

In its December Economic Bulletin, the Central Bank of Cyprus presented the results of the Real Estate Price Index it prepared in collaboration with domestic monetary and financial institutions.
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EU acts against Cyprus over estate agent curbs

Brussels considers that Cyprus’ estate agents law that imposes conditions on the professional requirements of estate agents from other EU member states is incompatible with European rules.
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Cyprus real estate agents – how to avoid the cowboys

A law passed in 2004 and subsequently amended in 2007 was designed to rid Cyprus of the numerous cowboy real estate agents. But unfortunately, in all of the property hot-spots, you will still find many individuals and companies trading in property illegally.
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The end of Cyprus’ remarkable real estate boom

The amazing Cyprus real estate boom is over. The weak pound and the UK economic problems have prompted potential British buyers, who account for 70% of overseas property sales, to look elsewhere according to a report by the influential Global Property Guide.
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Real estate needs to go back to basics

In this time of great economic uncertainty and lack of liquidity, many real estate companies are looking for ways to effectively manage risk, streamline operations, and enhance their business relationships
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Qatari Diar Real Estate and Cyprus sign deal

Qatari Diar are delighted to have signed this Memorandum of Agreement. We believe that this project highlights the strong relationship between our two countries and we look forward to working in Cyprus on the development.
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Top 8 questions to ask estate agents

There is a huge oversupply of new property in Cyprus at the present time. Compared to last year, the...
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Estate agent arrested for property fraud

AN estate agent has been arrested on suspicion of defrauding two property buyers out of approximately €290,000. The estate agent,...
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EU inquiry into Cyprus estate agents rules

According to a number of press reports, the European Commission has sent Cyprus an official request for information on...
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Estate Agents Confident that Spanish Property Crisis won’t Affect Cyprus

Estate agents and property specialists have said that the predicted collapse of the Spanish housing market will not affect...
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Financing of Real Estate Acquisitions in Cyprus

Securing finance for the acquisition of real estate is being developing constantly in Cyprus. The financial institutions up to the...
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Cyprus Estate Agents

When buying property in Cyprus, you will invariably come into contact with the odd ‘crook’ who will try to...
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Cyprus Project Management – Real Estate

The job of the Project Manager is well known in most of the developed countries and the need for...
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The Rights & Responsibilities of a Cypriot Estate Agent

From the numerous letters that we have received (28) and are keep coming, it appears that, especially foreign people,...
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Estate Agents’ Commission

By Antonis Loizou & Associates Limited – Chartered Surveyors & Property Consultants IN CYPRUS, the Estate Agents' law regulates the...
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