Cyprus Real Estate News and Property Market Reviews

Investors have paid the highest price for an inner-city plot in Stassicratous, Mnassiadou and Princess De Tyra streets, Nicosia when they bought a parcel of 2,000 sq.m. off Makarios Ave. for a record EUR 18.25 mln. The deal went ahead despite the economic crisis, suggesting that there are bargain deals to be made and strengthening [...]

Popularity: 3% [?]

Bargain prices in Cyprus combined with its huge discounts make it a tempting proposition for overseas investors and the property market in Cyprus may be picking up again, according to one property expert.
Overseas Property Professional (OPP) has reported that Purple International saw a sharp rise in sales in the second half of last year in [...]

Popularity: 7% [?]

Cyprus still has an advantage over Europe concerning the potential growth rate of its economy despite the global financial crisis.
Speaking after a meeting with political party representatives and social partners, as well as government officers, to discuss the European Commission document on the future of the Lisbon Strategy, Minister of Finance Charilaos Stavrakis said that [...]

Popularity: 12% [?]

A couple who invested in property in Kato Paphos, Cyprus has said they chose the region for its peacefulness and popularity with British people.
According to the Sunday Mail reports, Don and Christine Stark, who both work in the aviation industry, bought their home after a friend recommended they take a holiday on the popular island. [...]

Popularity: 17% [?]

Cyprus could be the only EU member state to see growth in 2009 and the Mediterranean island state is working on alternative measures to combat fallout on its economy from the world financial crisis, according to reports.
According to the EU’s spring economic reports, The Cyprus economy would grow 0.3 per cent in 2009 and 0.7 for [...]

Popularity: 70% [?]

Increasing number of nationals from Dubai and the UAE are taking their money out of the country and into the nearby safe haven of Cyprus.
As the global economic downturn hits the UAE, a growing number of people are taking their savings and putting it into Cypriot property to hedge against the current economic turmoil in [...]

Popularity: 69% [?]

There is a growing trend amongst Developers in Cyprus to look for new areas away from the traditional holiday hotspots, it has been stated.
The latest trend among developers of apartments and resorts is to move away from the traditional centres such as Paphos and Limassol and the most notable fact about such out-of-town properties is [...]

Popularity: 57% [?]

Larnaca makes a remarkably fertile ground for property investors, second home buyers and retirees from across Europe because of excellent infrastructure, according to British Airways magazine.
Alexander Garrett has written an article Larnaca at large in the December 2008 issue of the British Airways magazine ‘Business Life’ about that how the town is pressing its case [...]

Popularity: 61% [?]

Paphos is proving to be a highly popular region among tourists and those buying second homes in Cyprus, according to reports.
The People newspaper said that Paphos is “relatively quiet and picturesque”, while its good weather and scenery were also highlighted as further benefits for tourists. Writing for the newspaper, Jon Wise said that Paphos had [...]

Popularity: 37% [?]

A British property investor has spoken positively of his decision of buying a property in Cyprus.
Martin Cooper came to know that government plans to use Limassol as a base for oil workers. So he bought two apartments in Limassol late last year. Mr. Cooper added that he is not looking for quick returns but willing [...]

Popularity: 38% [?]