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Property and currency in the wake of Brexit

British expats living in Cyprus have seen a fall in the Euro/Sterling exchange rate in the wake of the BREXIT referendum and are finding that their UK pensions are not stretching as far as they had planned.
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October property sales rise 37 per cent

The number of property sales in Cyprus continued their upward trend in October with sales rising by 37 per cent compared to October 2015 according to official figures from the Department of Lands and Surveys.
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Online property valuations revisited

A revised guide to finding Cyprus property valuations on the Department of Lands and Surveys website, which has undergone a major overhaul and now provides a multitude of additional features.
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Threat to Paphos marina

A contractual dispute is threatening to derail Paphos marina following a demand by the contracting authority that the initial down payment by the consortium is submitted by November 10.
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Fitch upgrades Cyprus to ‘BB-‘

Fitch Ratings has upgraded Cyprus by one notch from ‘B+’ to ‘BB-’ with a positive outlook on continuing strong progress in its adjustment following the 2013 banking crisis but warns that banks remain weak due to the high level of NPLs.
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Cyprus property prices rise

The RICS Cyprus Property Prices Index for the second quarter of 2016 includes price changes in holiday homes for the first time with prices in both residential properties and holiday homes rising.
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NPLs at post December 2014 low

Non-performing loans (NPLs) in the Cypriot banking system fell to a post December 2014 low in August according to statistics released by the Central Bank of Cyprus to stand at €24.55 billion.
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Paphos’ water guzzling golf courses

Demand for water in Paphos is increasing as more golf courses are built in the district and if there is little rain again this winter there is a real possibility of severe water shortages again next year.
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July building permits fall

The number of building permits authorised by the municipal authorities and the district administration offices during July 2016 stood at 442 according to the Cyprus Statistical Service.
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Home prices continue to fall

Home prices in Cyprus are continuing to fall according to the Cyprus Statistical Service's 'Home Price Index' and Eurostat's 'House Price Index', both of which have been released in the last few days.
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Taxed on olive tree he does not own

Olive trees have a special status in Cyprus because of their potential to bring in a significant income but here's a bizarre story about a Cypriot man who was forced to pay property tax on an olive tree he doesn’t own.
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First casino resort for Cyprus

The race to build and operate the first casino resort in Cyprus is now down to one candidate in a group led by Melco International Development Ltd following the decision of NagaCorp Ltd to pull out of the bidding process.
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Property sales up 44 per cent

The number of properties sold in Cyprus during September rose by 44 per cent compared to September 2015 according to the latest official figures published by the Department of Lands and Surveys.
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Chinese investor interest grows

Chinese investors are attracted to Cyprus due to the offer of passports and a recovering economy and are catching up with Russian investors when it comes to Cypriot passports.
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Foreign buyers driving property recovery

The recovery in the Cyprus property market is being driven by foreign purchasers and is expected to gradually push up prices according to the Chairman of the Cyprus Real Estate Agents Association.
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Renewed interest in Larnaca airport

There is renewed interest in the old Larnaca airport by a Chinese consortium that plans to use the site as a wholesale commercial park and re-export products to the Middle East and EU member states.
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Revised citizenship scheme approved

The Cyprus government has approved a revised citizenship-by-investment scheme designed to further encourage investments in the island's economy by non-Cypriot businessmen and investors.
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Slight fall in building permits

The number of building permits authorised by the municipal authorities and the district administration offices during June 2016 stood at 455 according to the Cyprus Statistical Service.
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Work to start on Ayia Napa marina

The first phase of construction work on the Ayia Napa marina is scheduled to get underway on 30 September following the signing of an agreement between Makronisos Marina Ltd and Greece’s Terna A.E.
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Strong growth in Cyprus property sales

The number of properties sold in Cyprus during August rose significantly compared to August 2015 according to the latest official figures published by the Department of Lands and Surveys.
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