Cyprus Real Estate News and Property Market Reviews

Moody’s has downgraded the deposit and debt ratings of the Bank of Cyprus and the Marfin Popular Bank. They downgraded the deposit and debt ratings of Marfin Popular Bank Public to Baa2/Prime-2 from A3/Prime-1 and Bank of Cyprus Public to A3/Prime-2 from A2/Prime-1. Moody’s has confirmed the deposit and debt ratings of Hellenic Bank Public [...]

Popularity: 6% [?]

There is every reason to believe that the Cyprus property market will come out of its economic woes, in a good shape as foreign buys of Cypriot property saw a shock increase in November, up from 117 the month before to 158.
When sales traditionally slide off at this time of year, the highest number of [...]

Popularity: 29% [?]

According to the Cyprus Statistical Service (CYSTAT), there is increase in the number of building permits issued in January 2009; investment activity in the construction sector is showing signs of recovery as Building permits constitute a leading indicator of future activity in the construction sector.
The total area of projects that registered building permits in January [...]

Popularity: 58% [?]

There is a plethora of property for sale in Cyprus, from modern villas and an apartment to old houses and buying a property in Cyprus is very similar to buying a property in the UK, if not easier!
Marilyn and Hamish Lowdon from Aberdeenshire has stated that All legal documents and paperwork are in English, most [...]

Popularity: 55% [?]

The Cypriot government’s first-time buyer scheme would give the first time buyers the boost they need to find the property they are looking for in affordable housing developments across the country.
As there is a steep increase in the number of first-time buyers interested to get on to the property ladder in Cyprus, Government has announced [...]

Popularity: 24% [?]

A Cypriot property sales company has announced a series of eighteen competitions in which each of the winners will receive a one-bedroom apartment at complexes in Peyia.
Peyia is a small coastal town next to Coral Bay and a short drive or a bus ride to Paphos, the ancient capital of Cyprus with its historic ruins [...]

Popularity: 32% [?]

The Cyprus government is considering selling state owned properties and issuing bonds to raise the €200 million it owes to the Social Security Fund, according to reports.
The Cyprus government holds several properties that are considered surplus to requirements and its sale will generate much need income to raise around €200m (£180m) to pay off debts. [...]

Popularity: 21% [?]

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 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% [?]

As if one sun-blessed island was not enough, an artificial island is being built off the town of Limassol in Cyprus, it has been reported.
The Aristo developers has said that the island will be constructed as part of the redevelopment of the town’s marina, which it states is one of four across the country for [...]

Popularity: 32% [?]