Cyprus Real Estate News and Property Market Reviews

Rather than capital appreciation prospects or proximity of home country to determine overseas property investment, it could be wise to let personality and temperament sway the decision.
According to Shelter Offshore, Personality could determine a person’s happiness in their chosen overseas property relocation, claims one website for those looking to move abroad. Those seeking a quiet [...]

Popularity: 2% [?]

Property professionals across Cyprus are preparing for a tough year ahead, in common with the UK and their other European neighbors. However, there is also rise in property enquiries.
According to the Cyprus Central Bank in its six-monthly bulletin reports, prices had decreased by 8% during 2009, although they predicted that they will remain stable throughout [...]

Popularity: 3% [?]

Property investors considering the northern part of Cyprus have been advised that they should take time to understand the entire property buying process in Northern Cyprus before they enter the marketplace which will avoid any potential issues relating to land disputes; furthermore they will save themselves a great deal of time and effort that is [...]

Popularity: 6% [?]

Aristo developer has signed an exclusive deal with one of Norway’s largest agents in hope of cashing in on growing demand from Scandinavian buyers. Norsk Megling will endorse Aristo Developers’ stock in Cyprus, alongside its existing portfolio of homes across Europe, the US and Brazil.
Panayiotis Michaelides, the firm’s marketing manager said that Aristo has [...]

Popularity: 8% [?]

Returning interest in property investment overseas is fuelling recovery in a number of European destinations including Cyprus, it has been reported.
According to the latest Wealth Report compiled by Knight Frank and Citi Private Bank, many wealthy individuals regard property to be one of the best assets to have. A total of 71 per cent of [...]

Popularity: 12% [?]

The Cypriot property market has received a much-needed boost after news emerged that the Government of Cyprus and Qatar signed a number of agreements including a construction project opposite the Hilton Hotel in Nicosia that will include a five-star hotel, a shopping mall, offices and a residential complex.
According to reports, the Cypriot government and Qatari [...]

Popularity: 11% [?]

There is every reason to believe that the Cyprus property market can come out of the credit crunch. Although the Cyprus economy is still in recession it may have started to climb out in the fourth quarter of 2009, according to the latest estimates from the Cyprus Statistical Service (CYSTAT).
In the fourth quarter of 2009, [...]

Popularity: 16% [?]

Cypriot economy is expected to grow again next year, it has been claimed, something that could interest those seeking property on the island.
According to Finance minister Charilaos Stavrakis, in the end of 2009, the country will see an economic contraction of 0.5 per cent, but stated that GDP will rise by the same amount in [...]

Popularity: 28% [?]

Building permits for the construction of 900 residential properties were authorized in August 2009 in Cyprus; down just 3.3% on the 931 authorized in August last year, according to official reports.
According to the Figures released yesterday by the Cyprus Statistical Service (CYSTAT), the number of building permits authorized by the Municipal Authorities and the District [...]

Popularity: 26% [?]

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: 58% [?]