Cyprus Real Estate, News and Property Market Reviews

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 [...]

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 [...]

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 [...]

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 [...]

The Cypriot government has created a new committee to decide upon a policy to facilitate expats in Cyprus to understand and incorporate them into their culture. The Cyprus Mail has reported that Neoclis Sylikiotis, a government minister told that the committee would make sure that immigration policies fully act in accordance with EU legislation. As [...]

Property writer Kevin Moore said that many investors in the Cypriot property market avoid the highly developed tourist spots and consider purchasing in nearby villages as they offer “great value” properties and the potential for growth. Coastal villages offer several benefits to foreign investors such as its natural qualities, including its mountain ranges, beaches and [...]

You can get a fashionable, newly built, spacious villa boasting best locations and facilities in Cyprus however no payments for the first three years and a three-week stay every year. Can you believe it? Yes…it’s true… This is a limited period offer at the new build village Vikla above Paphos amongst rolling hillsides, from major [...]

The Cyprus Property Action Group (CPAG) and The Cyprus Land and Property Owners Association (KSIA- www.ksia.org.cy) have stick together to look at ways of protecting the rights of immovable property buyers in Cyprus. KSIA, recognized as a Cypriot legal body in 1964, is affiliated to the Cyprus Chamber of Commerce and Industry (KEVE) and is [...]

Turkish Cypriot President Mehmet Ali Talat said at a meeting of the Center for Eurasian Strategic Studies (ASAM), that talks of reunification of the Mediterranean island of Cyprus will continue in June. He confirmed that preliminary talks between the representatives of both sides are in progress. This significant reunification talks between the leaders of the [...]

Cyprus property market is performing as house prices went up by one-fifth during 2007. According to BuySell Home Price Index, House prices in Cyprus, in the first quarter of 2008, Cyprus recorded a total increase of 3.3% compared to December 2007, bringing the year-on-year increase to 18.6%. The BuySell Home Price Index stated that the [...]