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Real estate outlook gloomy, Nicosia bucks trend

Real estate specialists are not optimistic over the sector's outlook, as property sales are struggling compared to pre-COVID-19 levels. Property...
Property Prices

Cyprus property prices continue to fluctuate

According to Q2 data processed by WiRE, the effects of the coronavirus pandemic are still felt by the Cyprus...
Property Sales

Cyprus property market recovering steadily

The Cyprus property market continues its recovery with sales to the domestic and EU market leading the way, but...
Investment

Real estate indicators improving

Cyprus’ macroeconomic performance throughout 2021 will remain under pressure, with downward annual variations in several indicators influenced by the...
Investment

Limassol is king of the Cyprus real estate market

Limassol continues to be the most important real estate market in Cyprus, and all available information supports this: sales,...
Property Prices

New index for Cyprus property prices and rents

WiRE FS, a company that combines real estate expertise with the use of technology, presents for the first time...
Articles

Rethinking the value and cost of real estate

This article doesn't concern itself with the etymology of the cost, price, value and worth of real estate; it...
Investment

Cyprus seeks to attract long term investors

To further attract foreign investment to the island and help economic recovery, Cyprus announced amendments to Regulation 6 (2)...
Legal Matters

Third Cyprus property revaluations underway

The Cyprus land registry is carrying out its third property evaluation since 2013 with the results expected to be...
Latest News & Updates

Demand surges for cheap land in the mountains

There has been a recent increase in demand for small, inexpensive plots of land in the mountainous areas of...
Property Sales

Property sales figures can lie

When the Department of Lands and Surveys released data on sales contracts for January, it struck me the numbers...
Property Prices

Pandemic hits holiday home rental prices

The coronavirus pandemic has struck a blow to the market of holiday homes all across the world and Cyprus...
Latest News & Updates

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...
Latest News & Updates

Real Estate Outlook 2021: Focus shifting to new opportunities

The New Year has entered with a sense of optimism as vaccines are getting more widely available to the...
Latest News & Updates

Speeding up issue of Title Deeds

The Cyprus government is ready discuss ways to reduce the time taken to issue Title Deeds, which has tarnished the reputation of Cyprus as a safe place to buy property by overseas investors.
Latest News & Updates

Troika back in Cyprus

Representatives from the troika of Cyprus' international lenders, the IMF, EC and the ECB, have been in Cyprus since Monday conducting a fourth post-programme review, which they are expected to complete next Friday.
Latest News & Updates

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.
Latest News & Updates

Thirty companies owe €100m in VAT

The Greek language newspaper Politis has published the names of thirty companies who together owe the more than €100 million in VAT most of whom have challenged all or part of the debt.
Latest News & Updates

Fraudulent property scheme of biblical proportions

British home buyers have filed a class action against the 'Turkish Republic of Northern Cyprus' and the HSBC claiming they are victims of a fraudulent property scheme of biblical proportions.
Latest News & Updates

Property industry problems to be discussed on Monday

Problems plaguing the Island's property industry will be discussed by the Cyprus Land and Building Developers Association's Annual General Meeting, which is being held at the Nicosia Hilton hotel on Monday.
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