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 construction of Cyprus new marina at Limassol is progressing well and is expected to be ready to receive yachts in October 2012. With Limassol Marina, Cyprus is destined to become the most exclusive waterfront development in the Mediterranean and one of the finest in the world. Famous for its happening atmosphere and welcoming hospitality, [...]

Domestic property sales in Cyprus are strong with growth so far this year in double-digits however the recovery in Cyprus’ beleaguered overseas property market appears to be slow. According to the latest figures published by the Department of Lands and Surveys, domestic sales of property in Cyprus during the first seven months of this year [...]

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 [...]

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 [...]

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 [...]

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, [...]

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 [...]

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 [...]