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Property price falls reach two-year high

The Cyprus Central Bank’s Residential Property Price Index for Q2 2012 published earlier today reports that house prices in Cyprus fell abruptly over the quarter recording their sharpest fall since 2010.

Nicosia and Limassol home price falls accelerating

Property prices in Paphos and Famagusta have been falling for years, while prices started to fall in Nicosia and Limassol six months ago and the rate at which they are dropping is accelerating.

Central bank reports property price falls intensifying

The fall in the prices of houses and apartments across Cyprus intensified during the final quarter of last year according the latest statistics published by the Central Bank on Monday.

Central Bank of Cyprus reports housing price falls

Residential housing prices in Cyprus have dropped for the sixth consecutive quarter according to the latest 'Residential Property Price Indices' report produced by the Real Estate Unit of the Island's Central Bank.

We will get your Title Deeds for a price

A number of organisations have contacted buyers who have yet to receive Title Deeds for their property offering to apply for their issuance under the recently passed 'Town Planning Amnesty' laws.

Market stagnant despite price cuts

The global recession, the Title Deed fiasco, greed, stricter bank lending criteria and high interest rates blamed for stagnant property market as plummeting house prices fail to ignite sales.

Property prices may stabilise in 2011

The vice president of the Cyprus Association of Valuers and Property Consultants believes that property prices may stabilise in 2011 following falls over the past two years.

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.

Price falls slowed in Quarter 2 2010

Cyprus property prices fell at a slower pace during the second quarter of 2010 with Cypriot buyers starting to return to the market according to the recently published RICS Cyprus property price index.

Property prices in Cyprus ‘distorted by local factors’

The high prices of property in Cyprus - especially houses compared to apartments - are caused by a range of distortions in the local market, according to views canvassed by the Cyprus Mail.

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.

RICS Cyprus property price index

Designed by Dr Pat McAllister from the Reading University Department of Real Estate & Planning, the RICS (Cyprus) property price index will be launched on Friday 29 January in Nicosia.

No margin for further price reductions

The chairman of the Cyprus Land & Building Developers Association has said that there is no margin for making further cuts in property prices and that external demand may improve if Cyprus overcomes the problem with Title Deeds.

Row brewing over the Cyprus property price index

A row is brewing over the future of the Cyprus property price index. According to latest reports, RICS Cyprus has entered the fray and is planning to produce a regular property index starting in January 2010.

Concerns over the Cyprus property price index

Concerns have been raised by the Chairman of the Association for the Promotion of Property Developments about the future of the Cyprus Property Price Index and the involvement of the banks in its preparation.

Cypriot developers must address issues to compete internationally

To compete in the international property market, Cypriot developers must address issues such as escrow deposits, Title Deeds, planning and bank guarantees.

Stimulate Cyprus property sales by lowering prices

If developers in Cyprus want to stimulate property sales, they must lower their prices. Economic conditions have changed dramatically over the last year and people are not prepared to pay the same prices today as they were a year ago.

Cyprus market at risk from unsold houses

The ever increasing number of unsold apartments and houses in Cyprus is placing a heavy financial burden on the developers. As well as having to service their mortgages, developers have to pay for the maintenance and upkeep of their unsold properties.

Property prices to fall say 80%

More than 50% of those who voted in a recent poll conducted by the Cyprus Property Magazine believe that real estate prices will fall by more than 10% during 2009.

British pensioners in Cyprus feel the squeeze

THE GLOBAL economic downturn and the collapse of the British pound are having an enormous impact on the retired...

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