Cyprus Real Estate News and Property Market Reviews

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 more […]

Popularity: 7% [?]

Cyprus has been flagged up as a particularly popular market for celebrities, film stars and singers, it has been reported.
According to OK! Magazine, Celebrities Peter Andre and Katie Price have just purchased recently bought an off-plan property near Larnaca. The magazine added that the Mediterranean island has also proved to be popular with many other […]

Popularity: 11% [?]

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 firm, organized […]

Popularity: 19% [?]

Overseas investors find an ideal marketplace in Cyprus and have attracted increasing number of Russian investors and holidaymakers.
Antonis Michaelides, minister of commerce, industry and tourism, said Cyprus offers several benefits to overseas investors such as being well located and economically prosperous. He pointed out other striking qualities of the country, such as the streamlining of […]

Popularity: 26% [?]

The visitor numbers in Cyprus for a holiday has exceeded record levels, new figures have shown.
The tourism industry in Cyprus recorded an increase in the number of foreign arrivals last month. The Financial Mirror has cited government official data as more than 307,000 vacationers visited the Mediterranean island in June which is 8.8 per cent […]

Popularity: 27% [?]

New figures from the Cyprus Central Bank indicate that the number of loan approvals for home purchases increased in April when compared with a year earlier.
The total number of loan approvals in the Cyprus domestic market accelerated in April, driven by property loans and loans to non financial organizations. The total value of loans stood […]

Popularity: 23% [?]

The Times has stated that overseas property investors could stand to benefit from growth in the Cypriot housing market as the property prices in Cyprus are rapidly catching up with established markets.
Cyprus house prices started at around £77,000 and the house prices went up by an “impressive” amount last year. The prices are approaching those […]

Popularity: 32% [?]

Eurostat, EU statistical service has revealed that Cyprus saw the biggest rise in household electricity prices in last 2 years, rising way above the EU average. Generally, electricity prices (inclusive of all taxes) for households in the EU25 rose by only 4.6% between January 2005 and January 2006, Cyprus saw a rise of 31.4% in […]

Popularity: 32% [?]

St. Petersburg times have reported that Business City Guyot, a company in St. Petersburg that operates the four-star boutique hotel Guyot in collaboration with Leptos Group, the largest construction company in Cyprus and the General Consulate of Cyprus, will sell residential real estate in Cyprus.

Valery Zizenberg, president of Guyot has said that recently they have […]

Popularity: 40% [?]

Akis Kelepeshis, chairman of the Association of Cyprus Travel Agents (ACTA) has called for a series of wide-ranging infrastructure improvements and new facilities such as marinas, conference centers and casinos has to be created in the country.
He was quoted by the Financial Mirror the improvements will have a series of knock-on effects, as it will […]

Popularity: 30% [?]