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Cyprus home construction weakens

The previous strong growth in new home construction in Cyprus was reversed in April with the number building permits authorised by the authorities for new homes falling compared to last year.
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Property sales increase (Updated)

The number of properties sold in Cyprus during June increased compared with the same month last year according to official statistics published by the Department of Lands & Surveys.
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Fraudsters target property sellers

People selling property in Cyprus are being targeted by fraudsters claiming to be from a company called 'Prime Consortium' who are trying to obtain their bank account details in return for a 10 per cent deposit.
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Real estate tax restructuring a must

Cyprus real estate taxes are steep, unpredictable and complex and must be reduced and simplified if the island's property sector is to survive and prosper; owning property must be profitable.
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Tax incentives may cost €21 million

The property tax incentives designed to attract high-net-worth foreign investors to Cyprus could cost the government up to €21 million a year according to finance minister Harris Georgiades.
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Tax incentives target rich foreigners

A 50 per cent cut in Property Transfer Fees and other tax incentives have been announced by the Cyprus President in efforts designed to attract high-net-worth foreign investors to the island.
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Betrayed by the fourth estate

The Fourth Estate, typically the independent press or media, has betrayed us all enabling the First and Second estates, the elite, to run unchecked, as he Third became increasingly self-centred.
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Cyprus property sales falter in May

The number of properties sold in Cyprus during May fell compared with the numbers sold in May 2014 with sales falling in all districts; the first monthly drop in sales since November last year.
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Unlicensed swimming pool health hazard

Unlicensed swimming pools in Paphos are a major health hazard - they lie half empty, some with stagnant water and this is attracting mosquitoes because no-one's available to look after them.
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Home prices fell in first quarter

Home prices in Cyprus fell by an average of 1 per cent during the first quarter of 2015 compared to the previous quarter according the latest issue of the Cyprus Central Bank's Residential Property Price Index.
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Cyprus home construction up again

Strong growth in the Cyprus construction sector was recorded for the second consecutive month in March with the number building permits authorised for new homes increasing compared to last year.
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Decline in Cyprus property prices continues

Although property prices in Cyprus continued to decline in all districts during the first quarter of 2015, there are indications that residential property prices in Paphos, Larnaca and Famagusta may be stabilising.
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Citizenship scheme raises €2 billion

The 'Citizenship by Investment' programme for foreigners has boosted the Cyprus economy by €2 billion from property sales and investments in the country according to an audit services report.
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Property sales continue upward trend

Property sales in Cyprus during April recorded an increase of 23 per cent over the number sold in April 2014 according to the latest official statistics from the Department of Lands & Surveys.
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Strong growth in home construction

Strong growth was recorded in the number new homes being built in Cyprus in February, with the number of building permits authorised for new homes increasing compared to February 2014.
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Fraudster Gary Robb brought to justice

A civil action in the UK against the infamous Gary Robb has resulted in some £1.6 million of his assets being frozen and £1.3 million returned to 57 of the victims of a property scam in north Cyprus.
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Cypriot banks to benefit from foreclosure law

In its Credit Outlook, which assesses credit implications of current events, Moody's Investors Service considers the implementation of the foreclosure law is credit positive for Cypriot banks.
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Construction sector collapse

The construction sector in Cyprus recorded the biggest drop in production year-on-year in the European Union member states according to a report published by Eurostat this morning.
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US firm wants Cyprus casino licence

Beverly Hills-based company Realty Group International (RGI) is seeking casino operators and investors to purchase land to build a 'super casino' in the Mediterranean island of Cyprus.
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House prices fall in Cyprus

House prices fell by 3.0 per cent in Cyprus, over the fourth quarter of 2014 and by 3.3 per cent compared to the fourth quarter of 2013 according to today's report published by Eurostat.
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