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Property sales improve but…

The latest property sales statistics for Cyprus published by the Department of Lands and Surveys report a 31 per cent increase in sales during March compared with March 2014
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Capital controls to end on Monday

President Nicos Anastasiades has announced that Cyprus will eliminate the last of the capital controls, which were imposed in April 2013 as part of a €10 billion European bailout, on Monday 6th April.
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New home construction increases

The number of new homes being built in Cyprus improved in January, the Cyprus Statistical Service reported yesterday, with the number of permits authorised for new homes increasing compared to January 2014.
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S&P revises Cyprus outlook to positive

Standard and Poor's (S&P's) has revised the Cyprus economy's outlook to positive from stable, citing better than anticipated reduction in the country's public debt and the less adverse economic growth.
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Lebanese duped by false residency claims

A number of Lebanese nationals have been duped into buying property in Cyprus by 'dubious' agents who claimed that they would obtain a residency permit after a certain period of time.
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Energy performance enforcement

From 1st January 2010 a person selling a house, its landlord or its letting agent should have provided an Energy Performance Certificate for the property they’re selling, letting or advertising.
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Title Deeds: ‘a complete and utter mess’

Although MPs voted though amendments preventing banks from repossessing homes that people have paid for, home buyers will still be unable to secure their Title Deeds until the developers debts have been repaid.
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Construction and housing statistics (2013)

The Statistical Service of Cyprus (CYSTAT) has published the annual report "Construction and Housing Statistics, 2013", which contains detailed data on the performance of the industry during 2013.
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Ayia Napa marina moves forward

The marina at Ayia Napa is moving forward with the news that the Ministry of Energy, Trade, Industry and Tourism has received a €25 million bank guarantee from M.M. Makronisos Marina Ltd.
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February property sales up five per cent

The number property sales during February rose compared to the number sold during February 2014 according to official statistics published earlier today by the Department of Lands and Surveys.
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Banking and real estate intertwined

The banking and real estate sectors in Cyprus are intertwined and the restoration of the health of the banking system is a vital necessity for the sustainable recovery of the real estate market.
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Cyprus Bar Association in the dock

The Cyprus Bar Association's minimum fees for out-of-court work violate the Treaty on the Functioning of the European Union; a formal legal complaint against the Association at the European Commission is planned.
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Problem housing loans below 10 percent

Based on the preliminary results from the Bank of Cyprus, problematic housing loans account for just 9.4% of its non-performing loans of €12.7 billion and only 10.2% of its NPLs in Cyprus.
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Property price falls reduce

Although the price of residential properties in Cyprus continued to fall over the fourth quarter of 2014, the decrease was less than in previous quarters according to the island's Central Bank.
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Investors eye Venus Rock

A number of investors are reported to have shown a keen interest in the Venus Rock project at the recent Cyprus Investors' Summit, which was held recently at the Four Seasons Hotel in Limassol.
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Construction at record low

Construction activity in Cyprus during 2014 hit a record low with the number of building permits issued, their value and their total area all falling compared to 2013 according to the Cyprus Statistical Service.
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January sales up

The number of properties sold in Cyprus during January increased compared to the number sold in January 2014 according to official statistics from the Department of Lands and Surveys.
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Property deals stumble at prices

Property prices and uncertainty about foreclosures are hampering large foreign investments in mature development projects according to would-be investors at the Cyprus Investors Summit.
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New home construction down 35 per cent

Figures from the Cyprus Statistical Service (CYSTAT) reveal that building permits authorised for the construction of new homes fell 35 per cent last November compared with the same period the previous year.
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Delinquent developers ultimatum

The Bank of Cyprus is to offer a last chance to delinquent developers, including Leptos Estates, Aristo Developers, Pafilia Property Developers, to start repaying their debts or face the consequences.
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