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Cyprus house prices fall

House prices in Cyprus fell marginally in the fourth quarter of 2015 compared with the fourth quarter of 2014, but by more than 4 per cent compared with the previous quarter according to a Eurostat news release.
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50,000 housing units in Cyprus unsold

Up to 50,000 housing units in Cyprus have remained unsold for a considerable time based on the difference between the number of building permits authorised and contracts of sale deposited at Land Registry offices.
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Building permits fall in January

Although the number and value of building permits authorised in January fell compared to January 2015, the number of permits authorised for the construction of new homes rose according to the Cyprus Statistical Service.
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Property sales surge (Update)

Property sales in Cyprus rose significantly during February 2016 compared to the same period last year according to official statistics published by the Department of Lands and Surveys earlier this month.
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Central Bank hopeful on property prices

The Cyprus Central Bank considers that improvements in the local economy and financial conditions will have a positive effect on residential property prices according to its latest Residential Property Price Index.
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Property price falls slowing

Cyprus property prices have been in decline since the bubble burst in 2007, but it seems that prices are very close to bottoming out according to the latest RICS Cyprus Property Price Index.
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Immigration permits for non-EU nationals (revised)

THE Ministry of Interior or the Republic of Cyprus issued an Announcement on February 22, 2016 revising the terms...
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Building permits up in December

The number of building permits authorised in Cyprus during December 2015 increased compared to the number authorised during the same period in 2014, according to the latest figures from CYSTAT.
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Resolving NPLs with innovative solutions

A recent seminar in Nicosia focused on the options open to banks in dealing with non-performing loans (NPLs) in Cyprus. Financial expert Erol Riza sums up the advice from key international financial institutions.
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Marginal rise in property sales

The number of property sales in Cyprus during January 2016 rose marginally compared to the number of sales in January 2015 according to official statistics published by the Department of Lands and Surveys.
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Land wrongly designated as Turkish Cypriot

A British citizen of Turkish Cypriot descent has been awarded thousands of Euros in damages by the Larnaca District Court as the state wrongly designated his land as Turkish Cypriot.
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Building permits up 3.2 per cent

The number of building permits authorised in Cyprus during November 2015 increased compared to the number authorised during the same period in 2014, while both their total area and value fell.
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UK Expats #YourVoteMatters in the EU referendum

UK citizens living in Cyprus are encouraged to register and vote in the forthcoming referendum to determine whether the United Kingdom continues to remain a member of the European Union.
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Cyprus real estate market 2016

In isolated cases, where the demand for residential real estate in Cyprus is low and distressed assets result in excess supply, further discounts of up to 40% of market value are possible.
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Property prices rose in third quarter

Property prices in Cyprus rose 2.5 percent during the third quarter of 2015 compared with the corresponding period of the previous year according to figures published on Wednesday in a Eurostat news release.
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Building permits October 2015

The number of building permits authorised in Cyprus during October 2015 increased compared to the number authorised during the same period in 2014, together with their total area and value.
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Ayia Napa marina construction starting soon

The construction of the marina at Ayia Napa, which is expected to cost around €220 million, is anticipated to start in early April according to an announcement by the mayor Yiannis Karousos.
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Cyprus plummets 18 places in property chart

Cyprus dropped eighteen places in the December Top of the Props chart published by TheMoveChannel.com, which records the most searched for overseas destinations to buy property.
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Chinese buyers scammed

Several dozen Chinese families buying property Cyprus have reported being scammed by unlicensed real estate agents who take advantage of foreign buyers according to Marinos Kynegirou.
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Better year for property sales

Following the 20 per cent increase in sales in 2014, Cyprus property sales rose by 9 per cent in 2015 according to the latest official statistics published by the Department of Lands and Surveys.
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