News.cyprus-property-buyers.com [2022]

Last Update: April 3, 2022

Property Investment

A look at Property Investment in Cyprus with news, articles, advice and information about investing in the Cyprus real estate market. MEPs press for EU-wide ‘Golden Passports’ ban. March 8, 2022.

Actived: 3 days ago

URL: https://www.news.cyprus-property-buyers.com/property-investment

Property Statistics

(3 days ago) The price of building materials rose by 17.39% in February 2022 compared to February 2021, increasing the pressures on the construction and property sectors, WiRE FS, combining real estate knowhow with technology, has published its analysis of December 2021’s land transactions across Cyprus

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Property Articles

(1 days ago) Cyprus real estate market should look to the West. March 22, 2022. With the war in Ukraine causing a range of short and long term issues, with the global economy likely requiring years to recover, Cyprus

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Cyprus real estate market should look to the West

(9 days ago) Loizou explained that over the past three decades or so, the Cypriot real estate market focused on trying to attract business from the United Kingdom (2000-2008), Russia (2008-2012), China (2012-2017) and the Middle East (2016-2018), dubbing the approach opportunistic, rather than aiming for a more sustainable way to develop the sector.

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Value that tree house!

(8 days ago) Value that tree house! March 8, 2022. By Angelos Georgiou FRICS FCIArb. Most people will simply calculate the total amount they paid for their house (i.e. cost of buying the vacant parcel/plot plus their total construction cost) and assume that’s the …

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Cyprus Property News brings you the latest property & real

(2 days ago) Cyprus real estate market should look to the West March 22, 2022 With the war in Ukraine causing a range of short and long term issues, with the global economy likely requiring years to recover, Cyprus

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Land transaction volume & value increase continues

(5 days ago) WiRE FS, combining real estate knowhow with technology, has published its analysis of December 2021’s land transactions across Cyprus. WiRE’s analysis indicates that compared to the previous month there has been a 35% increase in the number (1054) and a 44% increase in the value (€171.4 million) of land parcels transacted.

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Demand & most property prices increasing

(5 days ago) Property prices increasing. Prices for residential apartments increased by 1.47% and remained steady for houses. The largest increase in apartment prices were recorded in Paphos, up by 2.92%, and in Nicosia, up by 2.24%. Values for holiday homes across Cyprus during the fourth quarter rose by 0.30% for apartments but fell by -0.70% for houses.

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The recent property boom and bust cycle

(7 days ago) THE financial stability of the Cypriot banking system is highly correlated to the real estate sector as the lending criteria that the banks applied reinforced the real estate crisis. The large credit expansion of the years 2006-2008, especially to the real estate sector, led to a real estate “bubble”.

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Record property sales for a second month

(1 days ago) March 4, 2022. By Nigel Howarth. February saw Cyprus achieving a record number of property sales since 2008 for a second consecutive month according to official statistics from the Department of Lands and Surveys. The total number of property sales (as measured by the number of contracts deposited at Land Registry offices) in February 2022 …

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Real estate indicators improving

(9 days ago) Real estate indicators improving. May 23, 2021. By Panos Danos. Cyprus’ macroeconomic performance throughout 2021 will remain under pressure, with downward annual variations in several indicators influenced by the ongoing pandemic. However, when the health side improves, so will the economy, both on the demand and supply side.

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Building permits increase in number, value & area

(Just Now) Building permits: Annual Figures. During 2021, a total of 8,164 permits were issued compared to 7,023 in 2020; an increase of 16.2%. While the total value of these permits fell by 7.8%, their total area rose by 3.8%. These permits authorised the construction of 10,508 new homes, an increase of 13.1% compared to the 9,292 new homes authorised in

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Fast track procedure for building permits

(8 days ago) Fast track procedure for building permits. March 20, 2022. By Cyprus News Agency. More than 2,500 building permits have been issued under the new, fast-track procedure since it was implemented in October 2021, Interior Minister Nicos Nouris said on Saturday addressing the 29th General Assembly of the Cyprus Association of Civil Engineers.

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Revoking golden passports to Russians 'impossible

(2 days ago) Revoking golden passports to Russians ‘impossible’. March 30, 2022. By Editorial. An EU recommendation to member states to recall passports issued to Russian and Belarusian oligarchs on the bloc’s sanctions list puts Cyprus in an awkward position. Lawyers warn that if Cyprus recalls citizenships given to Russians through the now-defunct

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Key projects underway in Larnaca, Nicosia

(7 days ago) The Cyprus real estate and construction sectors are moving past the demise of the scrapped Citizenship for Investment Programme, turning their attention to the capital and the once neglected coastal town of Larnaca, while Limassol, with its high-rises and cosmopolitan lifestyle is still seeing part of the action.

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Government plans mortgage-to-rent scheme

(7 days ago) Kedipes was established as a successor entity to manage the non-performing loans, real estate and other assets amounting to €8.2 billion, that were not part of the transfer to Hellenic Bank. Among them were non-performing loans of about €7 billion. The remainder of the co-op’s assets and deposits were transferred to Hellenic Bank.

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Government urged to challenge EC's ruling on property VAT

(3 days ago) Government urged to challenge EC’s ruling on property VAT. March 30, 2022. By Staff Reporter. The finance ministry will collect more data as part of its drive to persuade European Commission to agree to the Republic’s proposal for the continuation of the arrangement for reduced VAT on the first residence. Cyprus has been in dispute with the

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Price of houses stable, property rentals drop

(8 days ago) Cyprus real estate prices & rentals recorded quarter-on-quarter drops across most property categories, but the value of houses remained stable, according to consultancy firm WiRE FS. Paphos had some of the biggest quarter-on-quarter drops in prices (2.6% for retail units, 1.7% for warehouses, 1.5% for offices, 3.2% for holiday apartments and 2

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Construction costs hike threaten recovery

(8 days ago) Real estate and construction stakeholders want the government to soften the blow delivered by an “abnormal” increase in construction costs, warning that development could screech to a halt. A leading developers’ lobby group has warned the government that many projects will be put on ice if action is not taken, halting the country’s

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Larnaca port & marina redevelopment on track

(9 days ago) The BOT project will see the government receiving fixed rent and a percentage of the revenue through a concession agreement with the port/marina operated on a 40-year lease and the real estate acquired on a 125-year lease. After 40 years, the port and marina can be handed back to the government.

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Bank plans property sales via website

(3 days ago) Needless to say the Cyprus Real Estate Agents Association has objected as it feels its members should be involved in the sell-off/fire sale. According to a Cyprus Daily source: “Calling for proposals is a sign of transparency and proper sales procedure. Association members who had a meeting with bank officers were told that this is regular

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Alpha Bank secures deal to sell NPLs

(Just Now) Established in 2005, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors. Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate.

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Property price rises linked to demand for apartments

(7 days ago) Established in 2005, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors. Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate.

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We will get your Title Deeds for a price

(5 days ago) Now as you see a Real Estate company jumps on the bandwagon to obtain money from people. It appears Cyprus is hell bent on continuing its artful ways. Denton Mackrell June 20, 2011 At 08:58. As other commentators have noted, the Cyprus property parasites are having to invent new ways to fleece innocent newcomers.

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US group plans expansion to Cyprus

(7 days ago)Real Estate investors are looking internationally for new buying opportunities with a better return on their investments. Most of the investment opportunities from the US crash in 2008 have been exhausted, not as many deals emerged in 2014 due to the decreasing availability of short sales, foreclosures and higher market rate sales.

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Massive gas finds off Cyprus announced in New York

(5 days ago) The leading on-line resource for home buyers & real estate investors - 25th March 2022. Linkedin. RSS. Twitter. Youtube. Search. Home. About. News. Latest News. Hellenic bank to acquire performing loans from RCB. Fast track procedure for building permits. Ban golden passports & regulate golden visas.

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Ban golden passports & regulate golden visas

(9 days ago) Ban golden passports & regulate golden visas. March 10, 2022. By Press Release. ‘Golden passports’ are “objectionable from an ethical, legal and economic point of view and pose several serious security risks”. MEPs want common EU rules on ‘golden visas’ to fight money laundering and corruption. A levy on ‘golden visas’ collected

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Cyprus real estate agents

(5 days ago) Some of the estate agents listed are also member of the International Real Estate Agent Federation, which may provide buyers and sellers with additional protection. Real Estate Agent Federation (FIABCI) Headquartered in Paris, FIABCI is a worldwide network with 60 member countries and 115 different national professional real estate associations.

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Historic deal allows property development in British Bases

(5 days ago) Historic deal allows property development in British Bases. June 11, 2020. By Editorial. CYPRIOTS who own land in non-military areas inside the British Bases will be able to sell or develop their properties, following a milestone agreement between Cyprus and the UK. In what was hailed by President Nicos Anastasiades as a historic moment, Cyprus

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EU seeks halt of citizenship & visa sales to Russians

(2 days ago) EU seeks halt of citizenship & visa sales to Russians & Belarusians. March 28, 2022. By Francesco Guarascio. The European Commission called on EU governments on Monday to end national programmes to sell citizenship to investors, also known as golden passports schemes, and urged them to suspend the sale of visas to Russians and Belarusians.

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Squeeze on banks to offload

(8 days ago) Real estate experts are worried that pressure from monetary authorities will force banks to offload their properties either by directly selling them to the market through asset management companies or packaging more asset-backed loans to investment funds.

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Residential market powers ahead, commercial wobbles

(7 days ago) WiRE FS, combining real estate know-how with technology, has published its Q4 2021 edition of the WiRE Index for property and rental values, which covers all districts and main property types, with values from Q4 2009.. Sale market values. Across Cyprus, on a quarterly basis sale values increased by 1.4% for apartments and 0.5% for houses and decreased by …

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Property sales going from bad to worse (updated)

(6 days ago) WITH thousands of unsold properties littering the island, record levels of unemployment, lack of liquidity and fears over the state of the economy, the real estate market seems to be going from bad to worse.

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MEPs press for EU-wide 'Golden Passports' ban

(Just Now) MEPs press for EU-wide ‘Golden Passports’ ban. March 8, 2022. By Cyprus News Agency. The European Commission will very soon present a recommendation to all Member States addressing residence permits and citizenship under investor schemes, Commissioner for Home Affairs Ylva Johansson said on Monday evening during a debate at the European

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Discrimination against non-Cypriot estate agents

(6 days ago) The real estate agents who may have been working all their lives as real estate get closed down this is against ‘human right’ to close someone livelihood, before it even goes to court, it is a minefield, what about the people who work from their car, pay no taxes etc etc, they are never closed up.

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Limassol property sales exceed €6.3 billion

(8 days ago) Established in 2005, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors. Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate.

Category:  Real estate Go Now