Real Estate News

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...

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.

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 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.

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 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.

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.

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.

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.

In its annual review of the Cyprus property market, PwC reports that the value of transactions in the residential real estate sector reached 3.1 billion Euros, which accounted for 73% of the total market volume.

We are pleased and proud to announce the completion of the construction of our luxury residential complex in Limassol - Olive Garden Residence!

There is no doubt that the housing market in Cyprus is seriously affected by the global financial crisis and its own banking debt crisis.