The Cyprus House finance committee discussed a bill submitted by the government designed to attract foreign investment into the housing market on the island. There have been recent plans to clarify and streamline regulations regarding AIFs (Alternative Investment Funds) which in turn harbour a more competitive environment. The bill...
Cyprus MPs have released plans to draft a bill aiming to remove bias within the Cyprus courts whereby some purchasers of real estate within the Republic are subject to property transfer fees while others seem to be exempt. The reasoning for the convoluted laws is due to VAT payment,...
There has been a recent change in Cyprus courts whereby more title deeds are being issued at an increasing rate; although with some delay (at the moment roughly 4 or more years after completion), this encouraging progress has underlined some new issues relating to property transferals in Cyprus. Transfer...
Asked recently about the rapid growth of high-rise apartments and building ventures in Limassol, the Chief of the Department of Lands & Surveys in Cyprus stressed that the only concern is whether the high demand will create another property bubble as history repeats itself. The Chief also stipulated that...
Limassol City Council has announced the planning and development of two further residential housing ventures: The Icon, is a 22 story development in the tourist area of Germasogeia and the Symbol, a 13 story development next to the beach and close to the city centre. The Icon Construction work...
Cyprus Immigration Attourney Dimitri Dimitriades, working in the field of the Cyprus citizenship by Investment Scheme has spoken out defending the controversial programme which has raised an approximate €5 billion euros in investment into the Cyprus property market and economy. While political rapport has been strained with Russia and...
The Cyprus government is trying to accelerate a resolution to the trapped buyers still without valid title deeds in their name whereby people were duped into buying property built on land in Cyprus that the developer had earlier given to the bank after their mortgages had fallen through. The...
According to the 31st publication of the RICS Cyprus Property Price Index, Cyprus property prices are continuing to rise, with apartment and house prices maintaining steady growth. The report also looked into more figures, mainly the average price of residential apartments and houses across the island rose by 1.6%...
After legislation was passed by the Cyprus government in 2015 attempting to fix the infamous problem of missing Title Deeds and so-called trapped property buyers on the island; unfortunately failed to bring any relief to the many people looking for resolution. Last week in parliament, the Director of the...
There are a number of demand patterns when looking at the nationalities of those who have bought property in Cyprus for secondary or holiday homes. The Cyprus real estate market has been a largely UK foreign market since the 60’s, interestingly then the main area of popularity was Kyrenia...