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New property sales tax payable by the vendor

The House of Representatives on Thursday passed a law levying a 0.4 per cent tax on all sales of...
Non-Performing Loans

NAMA Mia! Here We Go Again (reprised)

The Cyprus government is looking to establish a 'bad bank' or NAMA (National Asset Management Agency) by transforming the...
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New home construction steadies

Despite a fall in the number of building permits authorised for building new homes in November 2020 compared to...
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Bills meant to help troubled borrowers withdrawn

Ruling Disy MP Averof Neophytou on Monday withdrew bills intended to provide tax relief to borrowers with non-performing loans,...
Non-Performing Loans

Plans to create ‘bad bank’ for non-performing loans

The government has set in motion plans to create a 'bad bank' to relieve the Cyprus banking system of...
Latest News & Updates

Domestic sales hit by pandemic

Property sales to the Cypriot market fell in January compared to January 2020 according to official figures published earlier...
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Do not tamper with the foreclosure law

Cyprus Central Bank governor Constantinos Herodotou on Friday warned MPs against tampering with the foreclosure law which could lead...
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Difficult start to 2021 as overseas sales fall

It looks as though 2021 could be a difficult year with a steep fall in property sales to the...
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Mistakes parents make transferring property

The wealth of most Cypriots (those who still have some) is mainly made up of immovable properties and cash. So,...
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Construction sector feeling the squeeze

Following the demise of Cyprus "golden passports" scheme compounded by coronavirus the construction industry is suffering but has options. The...
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Cypriot buyers only constant in property market

The repeal of the Citizen by Investment Programme (CIP), the consequences of the pandemic – economic and social –...
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What is a property boundary dispute?

A property boundary dispute normally arises between registered owners when ownership of a section of a common boundary or...
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Small rise in building new homes

There was a small rise in the number of building permits authorised for building new homes in October 2020...
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Buying property in Cyprus and visiting post Brexit

When the Brexit transition period came to an end on 1st January 2021, UK citizens became "third country" nationals;...
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Cyprus house price index falls

The Cyprus House Price Index (HPI) fell by 4.8 per cent in the third quarter of 2020 compared to...
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Will Cyprus real estate market hold in 2021?

While uncertainties remain for 2021, the Cyprus property market will continue to show its strength. With at least two...
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Case against massive hillside development lost

Peyia is mulling what steps to take after losing a court case to block the development of a hillside...
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Fall in property sales hits all market segments

The year-end fall in property sales we reported yesterday has affected all market segments according to official statistics published...
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Property sales fall at year end

Cyprus ended the year with property sales falling by 19 per cent in December compared with December 2019 following...
Latest News & Updates

New homes construction falls 37 per cent

Following the 51% rise in the number of building permits authorised for the construction of new homes in August,...
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