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Top Cyprus-Property-buyers.com News
Cyprus · CyprusThe Troika of international lenders expressed concern over Cyprus’ slow progress in reducing legacy Non-Performing Loans (NPLs) and persistent high debt levels. The recent visit of the Troika’s technical delegation to Cyprus once again highlighted the country’s ongoing economic challenges, primarily stemming from a significant stock of legacy Non-Performing Loans (NPLs) and elevated public debt […] The post Troika still sees spectres of the 2013…See the Story
Troika still sees spectres of the 2013 financial crisis - Cyprus Property News
Drought · LimassolCyprus is preparing for water supply cuts in 2026, as a prolonged drought strains the island’s resources, according to plans revealed by the Water Development Department (WDD). Limassol and Famagusta will be the first districts affected, with water restrictions beginning in February 2026, followed by Paphos in April and Nicosia and Larnaca in May. The […] The post Water cuts expected in 2026 as Cyprus dries up appeared first on Cyprus Property N…See the Story
Water cuts expected in 2026 as Cyprus dries up - Cyprus Property News
Cyprus · CyprusThe Cyprus property market recorded a strong growth in 2024, with the sales of new homes exceeding €2 billion, according to an analysis by Landbank Analytics. The study, based on contracts of sale submitted to the Department of Lands and Surveys, reveals a strong growth in apartment sales, with a downturn in sales of new […] The post New home sales exceeded €2 billion in 2024 appeared first on Cyprus Property News.See the Story
New home sales exceeded €2 billion in 2024 - Cyprus Property News
Cyprus · CyprusProperty prices in Cyprus have risen to levels last seen in 2012, just before the banking crisis. The apartment price index has reached a historic high, according to data from the Central Bank of Cyprus. The apartment price index, based on a reference value of 100 in the third quarter of 2024, increased to 113 […] The post Cyprus property prices return to pre-crisis levels appeared first on Cyprus Property News.See the Story
Cyprus property prices return to pre-crisis levels - Cyprus Property News
Cyprus · CyprusLocal councils and district authorities are hesitant to take responsibility for dangerous buildings as lawmakers prepare new rules giving them greater power to act. A bill proposed by MP Marinos Mousiouttas suggests cutting off water and electricity to dangerous buildings and stopping owners from renting them out. If owners ignore safety warnings, authorities would be […] The post Strict measures against dangerous buildings owners appeared first…See the Story
Strict measures against dangerous buildings owners - Cyprus Property News
Limassol, Cyprus · LimassolA new high-rise project along the Limassol coastline valued at €22 million has been given the green light by the Environment Department. The proposed building, developed by P.G. Economides Properties Ltd, will reach a height of 87 metres and will serve as a mixed-use office and commercial space. According to the architectural plans, the development […] The post New high-rise project in Limassol gets green light appeared first on Cyprus Property …See the Story
New high-rise project in Limassol gets green light - Cyprus Property News
Cyprus · CyprusThe Cyprus government is taking action to ease the housing crisis, according to Interior Minister Konstantinos Ioannou. He highlighted a 44.4% rise in building permits for residential units in the first half of 2024. This, along with a small drop in construction material costs, is helping to improve the housing market, which had struggled in […] The post Cyprus dealing with the housing crisis and affordability appeared first on Cyprus Property N…See the Story
Cyprus dealing with the housing crisis and affordability - Cyprus Property News
Cyprus · CyprusThe management of jointly-owned buildings in Cyprus is chaotic, which has resulted in disputes among property owners and the lack of maintenance of thousands of buildings. To address this issue, the Land Registry referred the matter to the Commissioner of Legislation, who then passed it to the Ministry of Interior. A new law is being […] The post Cyprus’ jointly-owned buildings: law delays and safety concerns appeared first on Cyprus Property Ne…See the Story
