Property - Page 6

Q3 property sales documents hit €1 bln

The value of property sales agreements submitted in the third quarter reached €1 billion, with the real estate market maintaining its strength despite challenges. According to property sales data from the Department

1st November 2023

Cyprus/Property

Don’t underestimate building supervision

To correct the wrongs in our own “house”, that of the construction industry and the various consultants involved, some of us are not happy, based on our experiences, regarding the quality of

28th October 2023

Comment/Property

Property sale contracts hit 15-year high

The number of sales contracts submitted to the Land and Surveys Department reached a 15-year high in the second quarter of 2023, according to Central Bank of Cyprus data. In addition, residential

26th October 2023

Cyprus/Property

Property market losses from Middle East crisis

The recent events in the Middle East and the war between Israel and Hamas caught Cyprus by surprise (as in most countries). It is a terrible, primarily humanitarian situation, the effects of

22nd October 2023

Comment/Property

Too early to say if Middle East crisis impacts property market

Cyprus’ real estate sector is unsure how recent developments in the wider Middle East will affect the immediate future of the property market. While immediate attention is naturally fixed on the ongoing

17th October 2023

Cyprus/Property

Beware of Cyprus property swindles

To obtain a permanent residence visa, one must purchase a housing unit with a minimum value of €300,000. For a passport (when it was operational), the minimum house value was set at

14th October 2023

Comment/Property

Real estate boom in Greece, Cyprus creates risk

The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations displaying promising growth and recovery. However, beneath the surface of these top-line numbers, underlying challenges and disparities

12th October 2023

Comment/Property

Property market improvements neglected

I observe a strong indifference both from the individual authorities of the state and the professional associations in the real estate sector. It is rare for the latter to submit a proposal

8th October 2023

Comment/Property

Real estate sector still driven by foreign buyers

Foreign buyers still power Cyprus’ real estate sector, as coastal cities see an influx of demand generated from the growing trend of high-profile companies relocating to the island, reveals an EY survey.

7th October 2023

Cyprus/Property

Cyprus quarterly house prices drop

In the second quarter of 2023, house prices in the EU increased by 0.3% compared with the first quarter, while rents increased by 0.7%, but Cyprus house prices decreased by 0.4%, according

4th October 2023

Europe/Property