Building plots have regained their investment status

Building plots have regained their investment status

Acquisition of land/building plots as an investment, either for future capital appreciation/development was up until recent years more of a national sport. Due to the boom years up to 2008 for the real estate market when prices increased at a very fast rate and with positive sales prospects, investing in land made a lot of sense. Since the commencement of the recession, howev...
Real Estate Tuesday, 10 December, 2019
What’s next for the Cyprus real estate market

What’s next for the Cyprus real estate market

The conclusion of 2019 is that the real estate market is changing faster than ever and requires constant innovation, updating and transformation. The positive trend will continue in the coming period, as the Cypriot real estate market is constantly developing and becoming more and more attractive for global investors, as well as the banks that follow their projects with v...
Real Estate Friday, 06 December, 2019
Paphos Remains the Most Popular Spot for Overseas Buyers and Celebrities

Paphos Remains the Most Popular Spot for Overseas Buyers and Celebrities

Beautiful and picturesque Paphos as the new cosmopolitan region in Cyprus is once again becoming the attraction for the majority of the European and Non-European buyers and especially for celebrities and Royals. The historic town of Paphos and the entire natural province is the safest and most secure area on the Island, for the whole family. Paphos is in the lead for the perio...
Real Estate Monday, 02 December, 2019
UK Foreign & Commonwealth Office about buying in Cyprus

UK Foreign & Commonwealth Office about buying in Cyprus

The UK Foreign & Commonwealth Office has recently updated information for British nationals wanting to buy property in Cyprus; further information be found on the UK.GOV website. Mortgage liability It is common practice for developers to take out mortgages on land or property. If you sign a contract with a developer and there is already a mortgage, loan or claim on the pr...
Real Estate Friday, 29 November, 2019
The Perks of Buy-To-Let Investments

The Perks of Buy-To-Let Investments

Buy-to-let investing has been a popular means for many people to generate a mix of income and capital growth from their hard-earned cash. Property prices in Greece are now really low. Combined with changing tax rules, this could mean the net returns available to landlords are higher than they have been in the past. Therefore, real estate could improve your financial prospects ...
Real Estate Tuesday, 26 November, 2019
Paphos marina may have cruise ship facilities

Paphos marina may have cruise ship facilities

The cabinet has given the green light for a study that will look into the possibility of building facilities for cruise ships as part of a proposed Paphos marina at Kissonerga Potima Bay to the north of the town. THE CABINET has given the go ahead for a new study that will look into building cruise ship facilities as part of the proposed Paphos marina at Kissonerga Potima Bay....
Real Estate Tuesday, 19 November, 2019
Small rise in property sales

Small rise in property sales

October saw a marginal rise in Cyprus property sales compared to the corresponding month last year according to the latest official figures released by the Department of Lands and Surveys. October saw a small rise of less than 1% in property sales with the total number of contracts deposited reaching 813 compared with the 811 contracts deposited in October 2018 according ...
Real Estate Wednesday, 13 November, 2019
MP's grappling to end chaos in management of apartment blocks

MP's grappling to end chaos in management of apartment blocks

MPs are trying to bring some order to apartment block management committees to ensure that residents who do not cooperate fall into line. House Interior Committee chairman Eleni Mavrou told CyBC on Tuesday morning that the committee recognized the huge challenge ahead but added that given that nearly half the population lives in apartment blocks and problems with non-cooperati...
Real Estate Wednesday, 23 October, 2019
Developers seek to self-finance projects

Developers seek to self-finance projects

Property developers are looking to self-finance construction projects due foreign investors fearing possible difficulties obtaining Title Deeds if developments are mortgaged and banks imposing stricter criteria for granting loans.  PROPERTY Developers of big projects try to avoid financing from Cyprus banks which have tightened their purse strings, preferring to back sche...
Real Estate Saturday, 05 October, 2019
Price Index of Construction Materials Decreases

Price Index of Construction Materials Decreases

The Price Index of Construction Materials for July 2019 reached 101,35 units (base year 2015=100,00), recording a decrease of 0.13% compared to June 2019, according to data released by the Statistical Service of Cyprus. For the period January - July 2019, the index recorded an increase of 1.32% compared to the same period of 2018.  Source: www.goldnews.com.cy ...
Real Estate Friday, 27 September, 2019
Pound surges to 2-month high; reading too much into Juncker's words

Pound surges to 2-month high; reading too much into Juncker's words

The Pound has surged past the psychologically-important 1.25 level, reaching its highest in two months versus the Dollar, on hopes that a Brexit deal can be reached before the October 31 deadline. With the European Commission President Jean-Claude Juncker reportedly saying that he’s doing “everything” to deter a no-deal Brexit, the statement is lending hope t...
Real Estate Monday, 23 September, 2019
Land Registry can't explain why a plot worth EUR 70 mln is now EUR 5 mln

Land Registry can't explain why a plot worth EUR 70 mln is now EUR 5 mln

The Land Registry admitted it may have been mistaken in their appraisal of a state plot opposite the former Nicosia Hilton Hotel in the heart of the capital, estimating the property at just €5 mln down from €70 mln. The House Watchdog Committee heard Andreas Socratous, the director of the land registry department, acknowledge that there may h...
Real Estate Friday, 13 September, 2019
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