Cyprus Real Estate News and Property Market Reviews

The Central Bank of Cyprus’ latest Residential Property Price Indices stated that there is fall in residential property prices for six consecutive quarters. The fall could have been even worse if the banks had pressed developers to service their loans by reducing new property prices still further to encourage sales. However, the banks are not [...]

Prices on investment property in Cyprus have fallen with some developers offering 30% price reductions since the market peaked back in 2007. THE INVESTORS Chronicle reports that overseas home ownership has rocketed over the last 10 years with an estimated 500,000 Brits has purchased property overseas and it has been estimated that the value of [...]

The property market in Cyprus is set to benefit from peace talks in the country, according to property experts. Cyprus president Dimitris Christofias met Turkish Cypriot leader Mehmet Ali Talat, inside a UN-patrolled buffer zone near Nicosia’s disused airport which lies between the two communities to reunite the island for the first time in 34 [...]

Cyprus has been flagged up as a good location for those who wish to invest in a foreign property by industry experts as the property market has been tipped to pick up in 2009 after a slump in the past 12 months. Cyprus Property Magazine has reported that even the prices in some areas have [...]

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 [...]

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 [...]

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 [...]

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 [...]

Properties investors are attracted to Cyprus as Apartments in Cyprus are among the cheapest in Europe and prices are on the rise while those who have already invested in properties reaping the rewards of inflation in house prices. The Global Property Guide assessment of apartment prices in just about 50 cities in Europe, and revealed [...]

Cyprus adopted euro On January 1st 2008 and joined the rest of Euroland almost 4 years after its accession to the European Union. Telegraph has reported that Cyprus interest rate of just 4% has triggered the number property investors looking to capitalize on the low interest rate. Cyprus has lifted most capital restrictions and lowered [...]