Cyprus Real Estate News and Property Market Reviews

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 [...]

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 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 [...]

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 [...]

Online Searches for homes overseas have increased by over a quarter during the first half of the year, it has been reported. Travelsupermarket.com has stated that property investors generally find it much comfortable to research in the web. The online portal added that property buyers can easily look at the whole market online in order [...]

Buy-to-let properties in Cyprus saw greater demand as a result of a year-on-year increase in tourist numbers this year. More than 307,000 foreign holidaymakers visited Cyprus in June which is 8.8 per cent higher than the amount recorded in June 2007. The hot summers and mild winters has made Cyprus a popular holiday destination for [...]

Cyprus will be one of the attractive destinations to invest in property during 2008 as Cypriot property continues to perform well, with a recent report showing that the growth of the housing market over the last 12 months as “phenomenal”. This indicates that foreign property investors who enter the market early could purchase a home [...]

The Sotheby International Realty network founded in 1976 has more than 470 offices in the US, 29 in other countries and 9,000 sale associates. Their first office in Cyprus will be opened in Cyprus by the end of this year, with an elite 25 year licensing agreement and this is a move to cover the [...]

Cyprus is set to become more and more popular with foreign property investors, an industry expert has said. Overseas property development firm, Pafalia, has recommended that Cyprus is likely to become considerably more popular with investors, a development which should push up house prices in many areas. Simon Cozzolino, a property consultant with property development [...]

The tourism industry in Cyprus recorded an increase in the number of foreign arrivals in 2007. The Financial Mirror revealed that it was nearly 11.2 per cent more than the amount recorded in 2006. The tourists include people from various European countries, as holidaymakers came from places such as Germany, Greece and the UK. These [...]