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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..
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..
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..
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..
26.07.2021 "This is the first step in verifying the correctness of the solution" If someone is not satisfied with the decision of the city planning authorities regarding the permission to..
24.07.2021LionGlobal reports that the pandemic and the cancellation of the Cypriot investment program may have caused a crack in the Cypriot real estate market and acute concern of the business..
18.07.2021As our experience suggests, the value of real estate and, accordingly, the return on investment directly depends on the work done on the site and the chosen management methods. In..
11.07.2021 Shortly after the citizenship-by-investment report, economist George Koumoullis argued that Cyprus had a kleptocracy, a system of government in which political leaders use their position to increase personal wealth...
2.07.2021 Cyprus has long been a popular holiday destination. Many of us have relied on this fact for financial stability, making money from tourism and foreign investment.Due to the central..
21.06.2021 Demand for housing turned towards older buildings. The reasons were the increase in construction costs, the limited supply of residential real estate in the central areas of the city,..
14.06.2021 "Fair rent does not mean reasonable rent, but is market rent less statutory exceptions"The court's determination of fair rent for homes and shops located in a rent control area..
07.06.2021 The construction industry is developing and becoming more and more important the possibility of a peaceful cohabitation. Especially in the field of residential real estate, both in private and..
31.05.2021 After a court decision, an encumbrance may be imposed on the debtor's property - a memorandum. This issue is dealt with by the creditor, who ensures the execution of..
17.05.2021A recent report by the international auditing company PWC on the state of the Cyprus property market aroused great interest. It refers to a decrease in demand for real estate,..
17.05.2021A new provision on rent control has been added to the law. It extends to cases where the landlord demands repossession of the property and the tenant fails to pay..
26.04.2021 "Purchasing property through an auction is considered fair and safe"The sale of property at auction, as well as its transfer, in accordance with the law, is recognized as valid...
10.04.2021Altamira Real Estate is launching a new campaign for a limited period of time. More than 180 selected residential properties and plots are offered in the mountainous areas and disadvantaged..
24.04.2021A new index created by Wire FS shows that property values in Cyprus fell in the first quarter of 2021 across most categories. Rental prices in most areas have also..
12.04.2021There is often confusion when it comes to the area of an apartment in Cyprus and how it is calculated. Different companies and developers have their own approaches to sizing...
12.04.2021 PwC Cyprus "Cyprus Property Market - 2020 Review" provides insight into the behavior of the Cypriot economy as a whole and reports on key developments in the property market...
08.04.2021 This article doesn’t concern itself with the etymology of the cost, price, value and worth of real estate; it focuses on the mess these terms are causing to the..
07.04.2021 January 2021 was marked by a decrease in the number of building permits issued. This was announced on Wednesday by the Statistical Service of Cyprus. So, in comparison with..
25.03.2021 After 2015, many real estate objects became the property of banks. Mostly through a debt-for-asset swap or buyout. Subsequently, some of them were acquired by credit acquiring companies, and..
29.03.2021 Karma Group, led by Nicolas Karullas, recently completed a major project in the Famagusta area: Mythical Sands Resort and Spa. The company's financial performance improved despite the financial crisis..
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