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Law changes would curb illegal holiday rentals

Massive losses of tax revenue, health and safety issues and illegal holiday rentals could be reduced if the law enabled more homeowners to register their properties with the Cyprus Tourism Organisation.
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Recidivism: the curse on Cyprus

Unless the Cyprus government cracks down hard on recidivism in all its forms, an international risk management consultant predicts that Cyprus is likely to hit another 2013 scale financial crisis within five years.
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Cyprus interest rates fall

Interest rates in Cyprus for consumer credit fell to 4.01 per cent and loans for house purchases fell to 2.94 per cent in July according to official figures from the Statistical Service of Cyprus.
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Bank of Cyprus €1.1 billion asset disposal

The Bank of Cyprus' Real Estate Management Unit (REMU) is currently managing assets valued at €1.1 billion sold properties valued at €92 million during the first half of 2016 and is presently in negotiations to sell additional assets.
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Cyprus wooing Thai investors

Cyprus is offering investors from Thailand European Union citizenship for BHT 100 million (approx. €2.5 million) as it expects to raise capital from Thai investors in a number of sectors.
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Marginal increase in building permits

The number of building permits authorised by the municipal authorities and the district administration offices during May 2016 stood at 440 according to the Cyprus Statistical Service.
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July property sales up 26 per cent (Updated)

The number of properties sold in Cyprus during July rose by 26 per cent compared to July 2015 according to the latest official figures published by the Department of Lands and Surveys.
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Focus on Pegeia property sales

The Paphos municipality of Pegeia, which has the largest population of British expatriates living in Cyprus, is the focus of an analysis of property sales undertaken by Delfi Partners and Company.
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Steps to prevent Cyprus property price falls

Solutions are being sought from the Finance Ministry that will prevent property prices in Cyprus falling when the banks sell off the properties that have accumulated on their balance sheets as a result of repossessions and debt-to-asset swaps.
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Banks playing a dirty game

A number of banks have obtained temporary court orders preventing people who bought property in Cyprus from receiving Title Deeds under the provisions of 'trapped buyers' law claiming they knew nothing about the sale.
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Chinese targeted by property scammers

Scammers in Paphos claiming to be middlemen of major developers have taken money from a Chinese woman who subsequently discovered that the land she had paid for did not belong to the seller.
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Cyprus Central Bank home prices Q1 2016

The Cyprus Central Bank has published its residential home price indexes for the first quarter of 2016 recording a fall in house prices over the quarter of 1.3 per cent and a rise in apartment prices of 0.6 per cent.
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Residential twin towers at Ayia Napa

Work on the construction of two luxury residential twin towers ay Ayia Napa should get underway in late September and will form part of the town's new marina accommodating 400 to 450 vessels.
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Property sales recovery strengthens

Property sales in Cyprus increased in June 2016 compared to the same period last year, according to official statistics published by the Department of Lands and Surveys, with sales up 42 per cent.
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Cyprus home prices fall 3.4 per cent

The Cyprus Statistical Service (CYSTAT) reported that the price of houses in Cyprus fell 3.4 per cent in the first quarter of 2016 in the first issue of its House Price Index issued earlier today.
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Banks highly exposed to construction sector

The Cyprus Central Bank reports that banks are highly exposed to the construction sector in its "Household and Non-Financial Corporations Indebtedness Report" published earlier this week.
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April building permits up 30 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during April 2016 stood at 437 according to the Cyprus Statistical Service.
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Cyprus property prices recovering

The RICS Cyprus Property Price Index for Q1 2016 reports increases in almost all districts and property types, with significant increases recorded in Paphos and Famagusta, while prices other urban areas are gradually bottoming out.
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Broken promises over Pissouri land slippage

In an open letter to the Cyprus Minister of the Interior Socratis Hasikos a Pissouri resident asks why the Minister has failed to keep the promises he made to clean up the land slippage mess.
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Keep calm and carry on, expats urged

British expats in Cyprus have been advised to keep calm and carry on following Thursday's BREXIT vote that has left many of them fearful of what the future may hold once Britain leaves the EU.
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