Cyprus Real Estate News and Property Market Reviews

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 [...]

A British couple have spoken positively of his recent acquisition in Cyprus and said that they are enjoying a “brilliant” life since they moved from from Stirling in Scotland. Derek and Penny Wallis have spent nearly £275,000 to get a villa in Cyprus. They said that their quality of life had improved after moving to [...]

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 [...]

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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 [...]