Cyprus Real Estate News and Property Market Reviews

Despite going through a chaotic few years which has seen prices fall by as much as 40 per cent in some regions, the appeal of Cypriot properties is unlikely to fade for many Brits. However, Property prices and rents across the major urban areas of Cyprus continued to fall during the second quarter of 2011. [...]

The existing stock of new properties in the markets of Paphos, Larnaca and the Famagusta/Paralimni area will remain unsold in the near future as the market is oversupplied, it has been claimed. Pavlos Loizou, the lead consultant of Leaf research said that the new properties were built for “buy-to-flip” investors and is unsuitable for permanent [...]

Cyprus is the ninth most popular destination for British overseas property investors, according to a survey published recently by themovechannel.com. TheMoveChannel.com is the important independent website for international property in over 100 countries with more than 400,000 listings around the world. Spain was the most popular investment destination for British overseas property investors. France is [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]