News

Cyprus property market: demand for apartments and offices dominates

03.11.2021 The Cyprus property market suffers from a mismatch between what is primarily available and what job seekers are looking for. This comes from a report by WiRE, an independent..

Mismatch between supply and demand in the real estate market

01.11.2021 WiRE FS continuously analyzes developments in the Cyprus property market. With the launch of its quarterly newsletter, WiRE FS - Cyprus Property Market Review, the company is now publishing..

Choosing an area for buying resale property in Cyprus

31.10.2021 We have previously covered a few general tips for viewing resale properties. In this article, we will touch on the assessment of the area and infrastructure. When inspecting a..

Inspecting resale properties

24.10.2021 More and more buyers are considering buying only the secondary property that went to the previous owner along with the title. This is due to long-standing problems in the..

House prices fall, apartment values rise

19.10.2021 In the second quarter of 2021, a slowdown in Cyprus residential property price indices was recorded due to a slight decrease in housing prices and an increase in the..

Civil liability of an administrator of an estate

18.10.2021 This can be considered by the courts, not by the administration of the estate of the deceased The duties and powers of the administrator of the property of the..

Buying an older apartment

18.10.2021 Since the cost of modern apartments is constantly growing, interest in the apartments of the old stock has increased. As regards apartments and buildings of the old stock, which..

Real Estate: Zero time for actions against climate change

11.10.2021 Companies that do not accept the concept of sustainable development will find themselves in a difficult position. The planet is sounding the alarm, and now more than ever, universal..

NICOSIA LEADS IN REAL ESTATE SALES

10.10.2021 Nicosia leads in real estate sales, with the number of real estate transactions in the capital in the first nine months of 2021 exceeding the number recorded before the..

House prices in Cyprus fell by 4.9% in the second quarter of 2021

07.10.2021 The Statistical Office of Cyprus has given a preliminary assessment of the housing price index (HPI). So, for the second quarter of 2021, this figure amounted to 104.07 units...

Property sales rising steadily

05.10.2021 The Department of Lands and Surveys today released data showing that the number of property sales in September 2021 continued to rise compared to the same month last year...

Injunction prohibiting the sale of a property

04.10.2021 Injunctive relief secures future enforcement of judgment. When filing a claim, the plaintiff may apply for an injunction against the defendant's expropriation or encumbrance of his real property in..

Limassol’s plan for affordable housing

27.09.2021 In a radio interview, the Mayor of Limassol announced the initiative of the municipality to take part in the construction of more than 600 housing units. This will help..

Title Deeds backlog reducing

23.09.2021 Interior Minister Nikos Nouris spoke at the 15th Land Development Conference in Nicosia on Tuesday. He stated that the title backlog had narrowed. This news delighted thousands of people...

All pending golden passports applications reviewed

22.09.2021 The Government of Cyprus has completed the consideration of applications under the citizenship by investment program. Interior Minister Nikos Nouris announced this on Tuesday. All pending applications have been..

Obligation of payment of communal charges

13.09.2021 The property owner is responsible for paying utility bills to the management committeeThe collection of utility bills from residents is usually the responsibility of the housing estate management committee...

Lack of overseas sales slowing market recovery

06.09.2021 Today, the Department of Lands and Surveys released data showing that the lack of sales of real estate to foreigners slows down the recovery of the real estate market...

As Cyprus changes so do properties

01.09.2021 In Cyprus, the idea of owning a house with a plot is still relevant for many. Despite this, we believe that the local market will gradually move in the..

Freedom to dispose of property by will in Cyprus

16.08.2021 Brothers and sisters are not considered heirs if the property is alienated by will. The freedom of a person to dispose of his property under a will is subject..

Further revelations of golden passports in Cyprus

11.08.2021 Reports from Al Jazeera and the Organized Crime and Corruption Reporting Project (OCCRP) have revealed further details regarding the island's disgraced citizenship-by-investment scheme (also known as the Golden Passports)...

The amount of new housing loans in Cyprus has reached a record level

03.08.2021 Net new home loans rose to 114 million euros in June. This is a new monthly record since December 2014, when the Central Bank of Cyprus (CBC) started recording..

SETUP OF CYPRUS REAL ESTATE AGENCIES

02.08.2021 Each country has its own rules regarding real estate agencies. Cyprus has a Law on Real Estate Agents. Foreigners coming from abroad rely on their own country's system, which..

WHY IS THE COST OF CONSTRUCTION IN CYPRUS SOARING TO THE HEAVEN AND WHAT’S NEXT?

02.08.2021 The cost of construction in Cyprus has risen abnormally. The recent increase in diesel prices has worsened the situation as the price has a domino effect on the prices..

CYPRUS STILL CONSIDERING GOLD PASSPORT APPLICATIONS

26.07.2021 Despite numerous warnings from the European Commission, Cyprus is still considering applications for a "golden passport". These are applications that were pending in November 2020. It was then that..

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