Cyprus Real Estate News and Property Market Reviews

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 [...]

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 [...]

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 [...]

Cyprus has strict laws governing public swimming pool safety. The government takes pool safety very seriously and insists on organized access to public swimming pools. Recently the Cyprus government is looking into modifying the laws concerning swimming pools in residential developments which bring relief for property investors in Cyprus. Under current legislation, communal swimming pools [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]