Cyprus Real Estate News and Property Market Reviews

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: 45% [?]

Cypriot developers and homeowners could see new interest from Russian buyers as growing number of property investors from Russia are choosing to buy properties in Cyprus, experts have revealed.
According to the Royal Institute of Chartered Surveyors (Rics), Cyprus has always been a favorite for Brits and there is a very strong ex pat community lured [...]

Popularity: 45% [?]

The governor of the central bank of Cyprus, Athanasios Orphanides, has said that Interest rates may take a fall sooner than expected as the country tries to improve economic risks.
This drop may be a good thing as the house markets would improve after struggling with the continued increases of interest rates and therefore repayments.
Mr. Athanasios [...]

Popularity: 43% [?]

Cyprus is currently rebranding itself as a luxury holiday destination as holidays has been hit hard worldwide due to continuing economic recession, according to reports.
Tourism in the country has been reduced during the last 12 months as the recession continues to grip the UK. Cyprus has struggled to attract budget travelers who instead have opted [...]

Popularity: 34% [?]

House prices and number of new builds in Cyprus are set to increase considerably over the next few years as Officials are set to consider licenses for 14 golf courses, experts have predicted.
According to Propertywire, the main issue for Developers is the scarcity of water in the area and they are hoping that a deal [...]

Popularity: 40% [?]

Property prices in Cyprus will rocket due to plans to build a Disney resort near Larnaca, believes Morpheus Investments.
The government officials has revealed that a Russian investor partnership is planning to build a €800 million Disneyland holiday resort near the town of Larnaca, Cyprus – a big boost to property buyers in the area. The [...]

Popularity: 35% [?]

THE UK Government has recently made some changes to the regulations it issues to Brits buying property in Cyprus, according to a media outlet.
The British Foreign & Commonwealth Office (FCO) website on its travel advice on Cyprus page in the General – Purchasing Property section has given top advice on purchasing property in Cyprus.
The vast [...]

Popularity: 34% [?]

The Cypriot government and Qatari Diar Real Estate Investment Company, a Doha based developer signed a Memorandum of Understanding to conduct feasibility studies and land evaluation for a new project in Nicosia, Cyprus.
The press release has indicated that the project is located on 25,000m2 of a prime site in Nicosia and will be a mixed [...]

Popularity: 40% [?]

Research has shown that Cyprus is the cheapest place to retire abroad, despite the economic downturn.
According to shelteroffshore.com, expatriates are now enjoying a number of financial breaks since moving to Cyprus. The tax burden on the Mediterranean island would be far lower than in the UK, as expats will be charged less on their pension [...]

Popularity: 35% [?]

The rapid growth of the Cypriot population means property prices are likely to carry on rising, a study has revealed.
Bloomberg.com has cited the reports of Office for National Statistics and stated that the number of people on the Mediterranean island will rise by 66 per cent by 2058. This is considered to be the largest [...]

Popularity: 31% [?]