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Marginal rise in property sales

September saw a small rise in Cyprus property sales compared to the corresponding month last year according to the latest figures released by the Department of Lands and Surveys.
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RICS Cyprus property price index Q2 2019

The RICS Cyprus Property Price Index for the second quarter of 2019 reports that residential prices for houses and apartments increased by 1.2% and 1.4% respectively on a quarterly basis.
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Land Registry values down while prices rise

The Cyprus Land Registry has come under attack over its valuation of properties on the island and while its 2018 valuations are lower than those in 2013, property prices continue to rise.
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Chinese investors in €30 million property deal

Chinese investors have secured land amounting to 32,271 sqm. in the Tsiflikoudia area of Limassol to the north of the marina in a €30 million deal with the Bank of Cyprus' Real Estate Management Unit (REMU).
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Rise in new homes building permits

Building permits authorised in Cyprus during June 2019 provided for the construction of 812 new homes, compared with 506 in June 2018 according to official figures published by the Cyprus Statistical Service.
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August property sales fell 10 per cent

The number of property sales in Cyprus during August fell 10 per cent compared to the corresponding month last year according to the latest figures released by the Department of Lands and Surveys.
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Strategic defaulters and sovereign corruption

The government backed Estia scheme enables those who have deliberately defaulted on their housing loans, i.e. strategic defaulters, to apply for mortgage relief but such flagrant fraud ought to warrant criminal investigation.
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House prices rise 0.8 per cent

The Cyprus house price index (HPI) rose by 0.8 per cent in the first quarter of 2019 and by 4.3 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
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Building permits authorised for 907 new homes

Building permits authorised in Cyprus during May 2019 provided for the construction of 907 new homes, compared with 541 in May 2018 according to official figures published by the Cyprus Statistical Service.
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New criteria for passport scheme

New criteria for those wishing to obtain a Cyprus passport through the much criticised citizenship by investment scheme will come into force next week and will include due diligence checks on applicants.
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July property sales hold steady (update)

The number of Cyprus property sales during July was the same as the number sold in July 2018, with sales falling in all districts with the exception of Larnaca according to statistics from the Department of Lands & Surveys.
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Foreclosures highlight we are the eternal victims

A personal view on foreclosures, the banking system and the Cypriot mentality of never taking responsibility for actions & decisions by 'Patroclos' a regular columnist in the Sunday edition of the Cyprus Mail.
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Chinese investors moving beyond citizenship scheme

Although initially attracted to Cyprus by the 'citizenship by investment' scheme, a banking source has said that we are seeing a decline in one-off buys with east Asian investors now focussing on investments requiring financing.
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More work needed on Ayia Napa marina

Although progress with the construction of the Ayia Napa marina is moving ahead as planned, it seems that more time may be needed to complete some of the infrastructure needed for the project.
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Larnaca marina faces legal challenges

Legal action against the government's decision to award contracts for the Larnaca marina and port to be developed by an Israeli consortium have been filed with the administrative court.
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Non-EU citizens residence permits

In 2017, Cyprus granted residence permits to 18,971 non-EU citizens, according to figures published by Eurostat on Monday, with the majority being granted to citizens of India and Russia.
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Trapped buyers bill changes approved

The revised 'trapped buyers' bill designed to overcome the problems of the current law has been approved unanimously by MPs, but legal services have doubts that constitutional difficulties could not be resolved.
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Massive rise in new home construction

The number of building permits authorised for the construction of new homes in Cyprus during April 2019 was a mere 41 fewer than the total number issued during the first quarter of the year.
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House prices up 0.8 per cent in Q1 2019

The Cyprus house price index (HPI) rose by 0.8 per cent in the first quarter of 2019 and by 4.3 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
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Paphos marina to have cruise ship facilities?

A proposal to look at the possibility of including cruise ship facilities as part of the proposed Paphos marina at Kissonerga Potima Bay was given a positive reception at a meeting earlier today.
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