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Statistics |
| Unique Visitors: 0 |
| Total Unique Visitors: 17376 |
| Visitors Out: 346 |
| Total Visitors Out: 346 |
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| Cyprus house prices seem to defy global trends |
| 2008-05-06 03:21:00 |
Prices rose by 1% month on month in February and by 3.6% in January, more than covering for the December 1.9% fall.The BuySell Home Price Index closed at 143.64 units in March 2008, bringing the Average Home Price in Cyprus to EUR 191,216 (CYP 111,914).The BuySell Home Price Index is the only house price index in Cyprus. It was created and is updated monthly on behalf of BuySell Cyprus Real Estate by MAP S. Platis.The Index is announced quarterly and depicts the movement of prices at which residential properties are sold in Cyprus, based on the extensive BuySell Cyprus Real Estate database.
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| Best deals opening up in Cyprus |
| 2008-04-23 08:06:00 |
Cyprus has been having an eventful year so far, with New Year's Day bringing the adoption of the euro as its official currency, the election of a new president, Dimitris Christofias and with him the tantalising prospect of better relations with northern Cyprus, perhaps even leading to a permanent solution to the division of the island into Greek and Turkish segments that has remained intractably in place since 1974.
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| Cyprus recommended to property buyers |
| 2008-04-18 11:38:00 |
People who are considering purchasing a property overseas have been pointed towards Cyprus.The Independent advised people to look beyond the "party capital" image of places such Ayia Napa and Paphos and consider its other attractions.According to the newspaper, the Mediterranean island has lots of "quieter charms", including villages, beaches and lush rural areas.In addition, prospective expatriates were advised that these areas have lots of attractive and affordable homes.
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| Cyprus property market booming with the Euro |
| 2008-04-12 02:42:00 |
Many factors are helping to fuel the popularity of the Cyprus property market, notwithstanding the adoption of the Euro at the beginning of the year, cheap flights and a booming tourist industry make this an ideal investment location, says Gary Clayton of Principal International, one of the UK’s leading overseas property investment companies.Since joining the European Union, property prices have steadily risen but a government official for the country believes that with its stable socio economic environment, the adoption of the Euro will see prices rocket. Now is a good time to buy for investors, says Principal International, before prices become too unc
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| Sylikiotis wants to halt Cyprus house price increases |
| 2008-04-01 15:42:00 |
The election campaign slogan of newly elected President Demitris Christofias for a “just society” passes mainly through his Ministry, given the fact that the majority of the laws which regulate internal administration has to do with issues the Minister of Interior deals with.Neoklis Sylikiotis returns to the “Ministry of the Citizen”, as he calls the Interior Ministry, under the Presidency of Demetris Christofias, something that gives him the opportunity and the time to finish the work he started some years ago, as he says, in combination with a new government programme, aiming to put a human face to politics.In an interview with CNA, he declares his dedication to put a halt to rising house prices, places at the top of his priority list activities w
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| A need for real estate authors from North Cyprus |
| 2008-03-24 03:16:00 |
Hi. This is Tam Tree ,I hope you like the Cyprus Estate">real estate news blog.I need real estate authors from Cyprus to help me coverage the north cyprus area.Please send email if you like to participated in this effort. Thanks !tamtree@gmail.com
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| Turkey has been using every platform for the international recognition of northern Cyprus |
| 2008-03-22 11:25:00 |
The trade office, registered as a private company, will most probably open in April in Tel Aviv immediately after the Turkish Cypriot Foreign Ministry appoints a diplomat, according to the Turkish official. He underlined that Israeli investors were already doing business in northern Cyprus especially in the real estate sector and the trade office would further contribute to tourism and trade ties between Israel and northern Cyprus. Israel is not banning the possibility of having a business relationship with northern Cyprus, said the Israeli diplomat. But he emphasized that there was no official Israeli involvement in the establishment of the trade office and that it would be like those opened in other countries.
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| Cypros A strong economy |
| 2008-03-16 06:10:00 |
“I think the impact in Cyprus will be less dramatic. The same will be true in Europe, because Europe is a well run economy with modest budget and trade deficits and good rules that have been able to insulate the economy from these abrupt changes that have happened in the US, where adjustment has been postponed for too long,” he said. “Americans have been living beyond their means. They have a huge budget deficit because of the [Iraq] war, a huge trade deficit and they have only been rescued by the willingness of people like the Chinese and the oil rich countries to hold on to their dollars.”
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| Russian investors favour Cyprus |
| 2008-03-11 11:04:00 |
A growing number of property investors from Russia are choosing to buy homes in Cyprus, experts have revealed.The Royal Institute of Chartered Surveyors (Rics) stated that interest among second home buyers from abroad was encouraging growth in the country's housing market.According to the organisation, much of this interest has come from Russian property investors.Rics said that consumers in the Eurasian country had not been as badly affected by the global credit crunch as people in the west of Europe.
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| Top 10 Cyprus property investment tips |
| 2008-03-04 17:35:00 |
There is a very well known property marketing company that publishes a number of glossy overseas property magazines and has its own television company. As you may appreciate, the costs of running a TV company, making TV programmes and producing glossy magazines are huge - all paid for by their customers who swallow the marketing hype hook, line and sinker.Remember that overseas property magazines rely on advertisers to pay their running costs and salaries. They will therefore paint very rosy pictures of owning investment properties in Cyprus to keep their advertisers happy and the money rolling in.
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| Hospitality listed as greatest Cyprus asset |
| 2008-03-01 03:08:00 |
he hospitality of Cypriots is the greatest attribute which attracts international property investors, an expert on overseas real estate has said. ...
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| There's trouble in paradise |
| 2008-02-26 05:25:00 |
Step forward Cyprus, Aphrodite's island, a rich landscape of beaches, mountains, some of the most hospitable locals on earth - and a lingering human tragedy.In 1974 Turkey invaded the island and annexed the north. There are still thousands of Turkish troops in the so-called Turkish Republic of North Cyprus.Worse still, there remain thousands of displaced Greek Cypriots deprived of their homes who have had to look on helplessly and watch them inhabited by squatters for more than 30 years.
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| Cyprop Introduce Easy Payment Plans For North Cyprus Properties |
| 2008-02-17 17:33:00 |
Cyprop, the North Cyprus property specialists, announced today that they will soon be in a position to offer finance options on some of their property developments in North Cyprus. They are expecting to be able to offer 50% of the purchase price of a new property spread over the build term and the other 50% financed over 5 or 10 years. The loan will be secured on the property in North Cyprus.Cyprop Director Matthew Thole commented “We are all very excited about being able to offer our clients finance to help them buy their dream holiday home in Cyprus. This new facility puts the luxury of an overseas property, whether it’s for an investment or second home, within the reach of everybody.â€
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| Developers in north praying for a Tassos win |
| 2008-02-14 01:24:00 |
Estate agents in Karpasia agree that a re-election of President Tassos Papadopoulos will revitalise the lagging economy of the property market.Estate agent Guray Haksever explained that “after the Annan Plan fell through, foreigners, especially Europeans, bought land irrespectively of whether it was owned by a Turkish Cypriot or a Greek Cypriot.
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| Cyprus 'a popular location for retirees' |
| 2008-02-08 10:46:00 |
On January 1st this year, Cyprus, along with Malta, became the newest member of the eurozone, meaning that foreign visitors will now change their currency to the euro rather than the Cypriot pound.This development is expected to deliver a boost to the Cyprus economy owing to the low interest rates, low inflation and large market access available in the eurozone.
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| Selling your home or thinking of buying in Cyprus? |
| 2008-02-03 17:22:00 |
Using Agents to sell your property can be a very costly exercise. Most agents, licensed or not, will charge you between 5 and 10% plus VAT and tie you into lengthy contracts which can be expensive to get out of. In many instances resale property prices are hiked to include the commission, making resale property uncompetitive with new and off-plan property.
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| Cyprus house prices rise 19.2% in 2007 |
| 2008-01-31 05:21:00 |
Residential house prices in Cyprus accelerated during 2007 according to the latest results from the BuySell Home Price Index, rising by 19.2% for the whole year compared with 6.6% in 2006.The BuySell Home Price Index closed at 139.06 units for the year, bringing the Average Home Price in Cyprus to CYP 108,344 (EUR 185,117).However, they ended the year on a negative note, slipping by 1.9% in December over the previous month.
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| Association suggests ways to improve property market |
| 2008-01-28 01:15:00 |
At a press conference held yesterday, the Association analysed the existing situation of the real estate market, pointed out its main problems and weaknesses, suggested proposals for overcoming these, and made forecasts on the market’s prospects.Nicolas Kyriakou, a member of the Association’s board, spoke first on the state of the market.He said that the “loosening of family bonds has been to the benefit of land investors, since young people are now seeking their own households.”
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| The fight to resolve foreign property woes in northern Cyprus |
| 2008-01-19 04:18:00 |
What appeared to be a “real estate boom” in both the run up to the 2004 twin referenda on the island turned into a nightmare for many foreigners with the sector plunging into a serious financial crisis and many land developers and real estate agents beginning to fail to meet obligations that were paid for in advance.
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| North cyprus economy faces dark year ahead |
| 2008-01-14 18:15:00 |
A third sector of the economy, which many hoped would provide stability in the north, is higher education. But with that also in the relative doldrums, it seems there is nothing left to lift the Turkish Cypriot off the floor at present. With around 25,000 foreign students studying at the six universities, it is not hard to appreciate the importance of the sector.As Chamber of Commerce head Hasan Ince says, with student intake down by 50 per cent, a decline means a knock-on effect though other economic sectors.
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| Malta and Cyprus Adopt Euro |
| 2008-01-11 14:35:00 |
On January 1, Malta and Cyprus officially adopted the euro. Both nations occupy key locations for controlling the Mediterranean, Northern Africa and Southern Europe. With these two island states joining the eurozone, the European Union’s influence in these important areas will become more deeply entrenched.At the beginning of the new year, just after midnight, the countries’ leaders withdrew their first euros from cash machines amid fireworks and celebration. Both countries hope for great economic gains from increased investment and tourism thanks to the currency.
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| Cyprus Cement and CCCT revalue land holdings |
| 2008-01-09 18:32:00 |
The Board of Directors of The Cyprus Cement Public Company Ltd has decided to revalue the company's land at EUR171 mln in accordance with the Company's policy to carry out revaluation of its property at regular intervals. The land was last revalued at EUR42,8 mln (CYP25 million). The revaluation was based on two separate valuations performed by independent chartered land surveyors. The basis of the valuation was the present condition (current use of land). The resulting deferred taxation is EUR25,6 mln. As a result of the revaluation the net assets will increase by EUR102,6 mln. The revaluation will be incorporated in the financial statements for the year ended 31 December 2007.
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| Cyprus house prices hit another record |
| 2008-01-09 14:13:00 |
Residential property prices in Cyprus hit another record in November as prices rose by 21% year on year, according to the BuySell Home Price Index. This is the highest year-on-year increase recorded by the index, which began in 2004.The BuySell Home Price Index rose for an eleventh consecutive month to 141.69, recording a significant monthly increase of 2.5%, compared with a month-on-month increase of 3.7% in October.In the year to date, prices were up by 21.5%, compared with a more modest increase of 5.9% in 2006.
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