Propertyshowrooms.com News - Cyprus

Cyprus House Prices fell 1.8% in Q1 2018

2018-08-29T09:00:00

According to the Cyprus Statistical Service (CYSTAT), which publishes a house prie index (HPI) for Cyprus, house prices fell on average by 1.8% in the first quarter of 2018, but increased by 3.7% year-on-year.

Cyprus Property Market is booming

2018-08-24T09:00:00

At a length and width of just 240 by 100 km, Cyprus is just a fraction smaller than Devon and Cornwall combined, but this comparatively small island contuines to attract international buyers in ever increasing numbers. This is not just due to sunshine, great cuisine and fabulous beaches, but due to the fact that property is still affordable in many places and citizenship in an EU country can be achieved with relative ease.

Running a Business in Cyprus

2018-06-26T09:00:00

Many people dream of running their own business, when they retire from their day-to-day jobs, especially so, when that dream incorporates moving to warmer climes. However, if they chose a business in a sector they have not previously experienced, such as running a B&B for example, there can be a "rude awakening" to the facts of business life in a foreign country. If you are thinking of buying an existing business or starting one from scratch such as a restaurant, health spa, B&B, guest-house or shop in Cyprus, there are a few important things to consider:

Guide to retiring to Cyprus

2018-03-02T09:00:00

The island of Cyprus has long been a popular holiday and retirement destination for Britons in search of sun, beach and a Mediterranean lifestyle - not to mention potential tax advantages and cheaper cost of living! Although Cyprus residential real estate is not as cheap as Spain or Portugal are at present, buying an apartment or Cyprus villa is still cheaper than it is in the UK.

Cyprus increasingly Popular with foreign Buyers

2017-07-20T16:30:00

Spain may still be the preferred location for Brits to look for a holiday home, but Cyprus is catching up nicely in the affection of foreign buyers, and not just for holiday properties either. Increasingly, places like Cyprus and Malta are seeing foreign investment and new business arrive at their shores.

Cypriot Property Prices on the Rebound

2016-03-11T09:30:00

As Cyprus heads out of its bailout programme the fall in property prices is bottoming out according to data from the Central Bank of Cyprus residential property prices index (RPPI).

Cyprus Remains Destination of Choice for Chinese Investors

2016-01-18T09:05:00

According to the Chinese property portal Juwai.com, the most property searches among Chinese buyers overseas were focused on the island of Cyprus during the second half of 2015.

Cypriot Property Tops Popularity Charts for Chinese Investors

2015-10-20T09:10:00

According to the Chinese property portal Juwai.com, the most property searches among Chinese buyers overseas were focused on the island of Cyprus during the second quarter of 2015.

Cyprus to Resolve Title Deed Fiasco or No Further Bailout

2015-09-08T09:20:00

The European Union, European Central Bank and International Monetary Fund have combined forces to place pressure on Cyprus to immediately implement laws ensuring title deeds are passed directly to property buyers after purchase.

Cyprus' Investment for Citizenship Programme Attracts €2bn

2015-06-18T09:15:00

Cyprus received more than €2bn over the past two years from the property-for-residency scheme according to Interior Minister Socrates Hasikos. The scheme allows third country nations to obtain permanent resident in Cyprus if they buy property costing at least €300,000.

Cyprus Property to Boom in 2015

2015-01-16T09:05:00

Property sales in Cyprus exceeded all estimates in 2014, recording the first year-on-year increase in transactions since 2010.

Chinese developers set sights on Cyprus

2013-01-28T00:00:00

The Cypriot property market could be about to receive a boost from China, with developers from the country looking to Europe for investment. Christos Mavrellis, managing partner with Chrysses Demetriades & Co LLC, told the China Daily that Asian developers are planning to...

Will multiple dwelling law reinvigorate Cypriot property?

2013-01-08T00:00:00

Amendments to the law governing the number of dwellings a non-European Union (EU) resident can own is hoped to give a much needed boost to Cypriot property. With real estate prices in the country continuing to fall, the government is hoping...

Northern Cyprus travel ban challenged

2009-05-21T00:00:00

Direct air access from the UK to northern Cyprus could be resumed if a court challenge to the current ban on such travel is upheld.

The ban, which has lasted since Turkey's invasion of the island in 1974, is being challenged by Cyprus Turkish Airlines, which flies 100,000 Britons to the unofficial republic each year but cannot do so directly from Britain....