Cyprus Real Estate News and Property Market Reviews

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

Extensive redevelopment is underway in Cyprus by the government – a move which could further boost the island’s tourist industry and property market, according to reports. Cyprus has become one of the most popular holiday destinations bringing in over £1.7 billion in revenue every year to the country. Financial Mirror cited government’s official data that [...]

Investment prospects in Cyprus have been boosted by new predictions by the government about the economic growth in Cyprus. Finance Minister Charilaos Stavrak Speaking to Reuters said that its economy will grow by about four per cent this year and a slight drop during the second quarter of 2008 was a seasonal oddness, partly because [...]

Prospective buyers from the Gulf are being tracked and encouraged to invest in the growing real estate sector of Cyprus, reports The Peninsula. Road-shows are being organized throughout GCC to attract wealthy nationals from the region, in investing their money in the property sector of the island nation. For instance, Leptos Estates, a real estate [...]