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Property sales soar (update)

The number of property sales contracts deposited at Land Registries across Cyprus in December was the highest recorded since September 2008 according to official figures from the Department of Lands & Surveys.
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Cyprus property fraudster convicted (update)

Sascha Morris, who sold off-plan properties to Cyprus property investors, has been convicted of fraud at the Leeds Crown Court following a prosecution by the CPS Specialist Fraud Division.
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Ambitious plan for Larnaca port unveiled

A new, ambitious plan for the Larnaca port has been unveiled by the Transport Ministry, which includes a marina to hold 750 50-metre yachts, 50-60 mega and Giga yachts and a 300m cruise ship.
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Cyprus property taxes in 2017

There have been a number of changes to various property taxes in Cyprus in recent times and a summary of the impact of those changes for individuals with property on the island are summarised below.
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Growing interest in Cyprus property

Cyprus is back in the top 10 of the November edition of the property portal TheMoveChannel.com's Top of the Props chart, which records the most searched for overseas destinations to buy property.
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Swimming pools law to change?

Laws and regulations regarding the design, construction and authorisation of swimming pools may soon be revised as part of the package to reform Cyprus' complex and time-consuming planning system.
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September building permits up 15 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during September 2016 stood at 467 according to the Cyprus Statistical Service.
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€40m residential project in Limassol

A 40 million Euro residential construction and development project is planned on the coastline of a prime area in Limassol by Russian businesswoman and philanthropist Yelena Baturinam.
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November property sales up 46 per cent

The number of property sales in Cyprus continued their upward trend in November with sales rising by 46 per cent compared to November 2015 according to official figures from the Department of Lands and Surveys.
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Unlicensed pool owners in hot water

Auditor General Odysseas Michaelides has called on the police to bring the owners of unlicensed swimming pools to justice due to the serious safety concerns arising from the problem.
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Cyprus justice subverted by corruption

Former ECHR judge has charged that corruption has crept into the Cyprus justice system casting doubt over certain decisions; the judiciary is lacking knowledge, impartiality, and self-awareness.
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Tender process launched for Larnaca marina

The long-awaited Larnaca marina and port project took a step forward in the week with a request for submissions of interest for the construction of the 1,000 berth marina and port facilities.
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ECB argues ‘bad banks’ could reduce NPLs

The European Central Bank made the case on Tuesday for having state-backed 'bad banks' buy part of the 1 trillion euros of non-performing loans (NPLs) that are curbing lending and economic growth in parts of the euro zone.
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Slump in Brits buying homes in Europe

Britons buying homes abroad have fallen by a quarter compared to a year ago since the EU referendum said Moneycorp's chief executive Mark Horgan in an interview with Reuters news agency.
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How far have Cyprus property prices fallen?

In light of the various Cyprus property price indexes that abound at the moment, the director of Sapienta Economics Ltd Fiona Mullen asks the question how far have Cyprus property prices fallen?
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Cyprus urged to implement mortgage directive

The European Commission (EC) has given Cyprus and eight other EU member states two months to implement the regulations of the European Union on mortgages if they want to avoid going to the European Court of Justice.
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Falling home prices

The Cyprus Central Bank has reported that home prices continued to fall during the second quarter of 2016 by an average of 0.6 per cent for houses and 0.2 per cent for apartments.
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Non-performing loans will take time to resolve

The problem of non-performing loans will take some time to resolve due to the complexity of the problem said the Cyprus Central Bank's Governor speaking before a parliamentary Committee.
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Strong growth in building permits

The number of building permits authorised by the municipal authorities and the district administration offices during August 2016 stood at 381 according to the Cyprus Statistical Service.
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Paphos marina secures funding

The consortium awarded the contract for the construction of the Paphos marina has secured a letter from the Bank of Cyprus in which it guarantees to fund the entire project according to the president of the Paphos Chamber of Commerce and Industry.
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