Property News
Agreement close on Airbnb type rentals
After several weeks of discussion, lawmakers are close to agreeing a bill regulating the operation of short-term Airbnb-style property rentals.
Construction of low-cost housing units in Limassol
The Ministry of the Interior supported the plans of the municipality of Limassol to build 500 units of low-cost housing units in the areas of Agios Nikolaos and Agios Ioannis to solve the problem of high rent in the city.
Further development in limassol
On the seafront of Limassol, dotted with luxurious towers and new developments, there is almost no space for new projects, so investors are switching attention to the area between the new marina and the old port.
December property sales decrease
According to the Land Department, the number of sale contracts in December 2018 decreased by 48% compared with December 2017.
Property prices in Cyprus increased by 0.2%
The Cypriot Statistics Service (CYSTAT) announced that prices for houses and apartments in Cyprus increased by an average of 0.2% in the third quarter of 2018 compared to the second quarter in the latest housing price index (HPI).
The construction of the Larnaca municipal market will start in September
Larnaca mayor Andreas Vyras announced that the construction of the Larnaca municipal market will start in September.
Property sales up 14% in August
The number of property sales in Cyprus continued to rise in August with the number of sales contracts deposited at Land Registry Offices across the Republic up 14 per cent compared with August 2017.
Bill to tax short-term rents
According to the CTO, 80% of tourists, visiting Cyprus, stay in hotels, 20% (about 600 thousand people) - live with relatives, friends or in rented apartments, villas, etc.
New home permits up 32.8 per cent
The number of building permits for the construction of new homes in Cyprus rose 32.8 per cent in June 2018 compared to the corresponding month last year providing for the construction of 506 new residential homes
Changes in rent laws
The House legal committee on Wednesday discussed proposals to strengthen property owners’ rights to evict tenants who refuse to pay their rent.
Continuing rise in property sales
The number of property sales in Cyprus continued to rise in September with the number of sales contracts deposited at Land Registry Offices across the Republic up 14 per cent compared with September 2017.
Cyprus house prices rise 0.6 per cent
The Cyprus house price index (HPI) rose by 0.6 per cent in the second quarter of 2018 and by 1.2 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).