Cyprus Real Estate News and Property Market Reviews

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 [...]

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 [...]

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 [...]

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 [...]

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. [...]

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 [...]

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 [...]

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 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. [...]