Real Estate News
Annual real estate sales hit eleven-year highs
Real estate sales in Cyprus in 2019 exceeded 10,000, reaching the highest rate recorded since 2008, according to official statistics published by the Land Department.
Airbnb Rental Law Enacted
MPs have passed a bill to regulate rental housing by owners through online platforms such as Airbnb and booking .com, which deal with both new and existing housing.
Building Permits for new homes
According to the Cyprus Statistical Service, building permits are a key indicator of future activities in the construction sector.
Changes in prices for Cyprus property for the second quarter of 2019
RICS in Cyprus reports that house and apartment prices across the island rose 1.2% and 1.4%, respectively, for the first quarter of 2019.
Real estate sales in August fell 10%.
In August, real estate sales decreased by 10% compared to August 2018, when sales fell in all market segments, with the exception of sales to EU citizens, which grew by 3% according to official data published by the Department of Land Resources and Research.
Property sales to local and European buyers
Real estate sales in September increased slightly by 1% compared to September 2018.
Chinese investors make a deal for 30 million euros
Chinese investors acquired a plot of land of 32,271 square meters. in the Tsiflikudiya area in Limassol north of Limassol Marina worth € 30 million with the Bank of Cyprus.
New building permits in Cyprus on the rise
The total number of building permits approved in Cyprus in July 2019 was 743, compared to 589 approved in July 2018; an increase of 26.1% according to official figures published by the Statistical Service of Cyprus.
Cypriot passports investments applications falling
New investments in exchange for Cyprus passports tend to decline, possibly as a result of the introduction of new strict rules applied under pressure from the European Union (EU), a program spokesman said Friday.
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.