Property - Page 38

COVID19: Cyprus property market will rebound in 2021

By Panos Danos Supply-side in recent years saw an increasing pipeline of high-priced residences come to the market with values derived primarily from the Cyprus Passport Scheme benefits rather than any Real

11th April 2020

Comment/Property

COVID19: Cyprus real estate not spared from the crisis

Real estate sales recorded a sharp 33% drop in March, as the coronavirus pandemic takes its toll on the Cyprus property market. Data released by the land registry, shows Limassol and Paphos,

9th April 2020

Life & Society/Property

Cyprus real estate stricken by pandemic

Cyprus real estate sector will take a significant hit from the COVID-19 pandemic, as in times of uncertainty investors tend to minimise property transactions, experts argue. With the novel coronavirus threatening to

15th March 2020

Cyprus/Property

Planting trees add value to real estate

Notwithstanding that 40% of Cyprus is covered with trees and bushes it has a long way to go in upgrading the environmental requirements. To this end, the recent announcement by the Minister

23rd February 2020

Comment/Property

Online auctions helping banks offload properties

Online auction of properties acquired by banks, mainly through debt-to-asset swaps to reduce their toxic loans, have started to take-off as many more are being sold off. A private online platform, BidX1

21st February 2020

Cyprus/Property

New rent law provides grey areas

It was pleasing to hear that, after three postponements, Cyprus MPs have finally voted in the much-awaited amendment to the rent law. The pros of the amendment are the following: First, the

19th February 2020

Comment/Cyprus/Property

Incentives for affordable housing need a re-think

It is a fact that there is a shortage of suitable housing units to let as a result of which rental levels have increased over the last couple of years by 20%-30%

16th February 2020

Comment/Property

Limassol building permits reached €1.8 bln in November

Cyprus building permits issued by local authorities during January-November 2019 increased by nearly 11% with their total value spiking 74% compared to the same 11-month period of 2018. According to official data,

13th February 2020

Cyprus/Property

Paralimni Marina gets eco ‘green light’

Paralimni will have its very own €100 mln marina within the next 4 years after the Environment Department has given the green light to the leisure project. Paralimni marina will the second

10th February 2020

Business/Cyprus/Life & Society/Property

Cash-rich banks stockpiling real estate

Cash-rich banks are stockpiling properties as they turn to buy real estate linked to mortgages of defaulted borrowers as banking institutions dominate the property market. After acquiring properties through debt to asset

9th February 2020

Cyprus/Property