Property News
New home construction rise
The number of permits for the construction of new homes in Cyprus in May 2019 was only 41 less than the total number issued in the first quarter of the year.
Residence permits for non-EU citizens
In 2017, Cyprus granted a residence permit to 18,971 non-EU citizens, according to data published by Eurostat, the majority to citizens of India and Russia.
Chinese investors are still interested in Cyprus passports
The South China Morning Post newspaper reports that Chinese investors are interested in Cyprus passports, despite the more stringent criteria introduced last month.
More time needed on Ayia Napa marina
Despite significant progress in building the marina in Ayia Napa, the delivery is delayed in July, as more time is needed to complete the infrastructure, due to the heavy workload in the area, including the design of electro-mechanical and plumbing aspects of the project, transportation, including the road network and...
July Property Sales
The number of real estate sales in Cyprus in July was the same as in July 2018, with sales declining in all areas except Larnaca.
House prices rise 0.8%
The Cyprus house price index (HPI) increased by 0.8 percent in the first quarter of 2019 and by 4.3 percent year on year according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
Demand for Cyprus property from foreign buyers slumps
Demand for property in Cyprus from non-EU citizens has fallen, but it is unclear whether this is due to stricter government control after criticism from the European Union regarding investment in exchange for passports.
Calls to stop the scheme of "golden visas"
European lawmakers have called on member states to end their Golden Visa schemes, since their advantages do not compensate for the serious threat to security, money laundering and tax evasion that they represent.
The number of houses in Cyprus increased by 15%
The number of new houses in Cyprus for which building permits were issued increased by 15.1% in January 2019 compared with January 2018, according to the statistical service of Cyprus.
Cyprus property prices rose by 3.5%
Housing prices in Cyprus rose by 3.5% in the fourth quarter of 2018 and by 1.6% year-on-year, according to Eurostat's statistical office, in its latest news release.
Building permits for 576 new homes
The number of new houses in Cyprus for which building permits were issued grew by 13.2% in February 2019 compared with February 2018, according to the statistical service of Cyprus.
Moscow‘s and St. Petersburg’s citizens will be able to exchange their apartments for a villa in Cyprus
Business class property owners in one of two capitals will be able to exchange their objects for apartments or a villa in Cyprus, as reported by Kalinka Group, which launched a special trade-in real estate program.