Coronavirus: house prices set to fall, rents to rise
By Antonis Loizou FRICS The coronavirus has produced many negative effects on the Cyprus economy and by projection to the real estate market. The precautionary...
Property
Law regulating self-catering accommodation rentals in Cyprus finally enacted
On Friday January 17, the House of Representatives passed a new law, N. 9(I)/2020 (also “the Law”), regulating the registration and operation of self-catering accommodation,...
Interview with Kritonas Onisiforou, Head of Property at BidX1 Cyprus
What is BidX1 and how can it offer a better service to the consumer? BidX1 is an award-winning digital marketplace for real estate, allowing buyers...
Failure of mortgage relief scheme a ‘negative development’
The lack of interest by stricken borrowers in the Estia mortgage-relief scheme is a negative development for the state-owned Cyprus Asset Management Company (Kedipes), officials...
RICS investigates after member said to sell Greek Cypriot property in north
The Royal Institution of Chartered Surveyors (RICS) has set internal procedures in motion after it emerged that one of the candidates for its advisory board,...
Peyia challenges Coral Bay development
A planning decision in Peyia which has been effectively overturned by the government has been questioned by the local mayor and other authorities. The move...
Cabinet extends deadline for mortgage relief scheme
The cabinet on Wednesday extended the deadline for applications for the ‘Estia’ mortgage relief scheme as submissions have so far failed to meet the expectations....
Housing Financing Corporation urges customers to apply for Estia
The Housing Finance Corporation (HFC) is advising people who have taken out loans with it to apply for the ‘Estia’ mortgage-relief scheme as soon as...
Trickle of applicants for mortgage relief scheme but thousands were expected
Only about 100 fully completed applications have been submitted so far by individuals for the ‘Estia’ mortgage relief scheme, a far cry from the theoretically...
Complex application process stymying mortgage relief scheme
The Estia mortgage-relief scheme appears to be moving at a snail’s pace as most applications filed are incomplete while not a single application has yet...
Protests against plan for 10-storey building in Nicosia
The Cyprus branch of the international council on monuments and sites (Icomos) has called on the Nicosia municipality to refrain from permitting the construction of...
BidX1 – Say hello to your digital property marketplace
What is BidX1? BidX1 is a global digital marketplace for real estate, across all asset classes focusing on using technology to enhance the experience of...
Ideal property investment opportunities in Limassol with Citrine Estates
The real-estate sector in Cyprus has recovered after a prolonged period of economic crisis and is now established as one of the drivers of the...
Official launch of Estia scheme to help home owners in arrears
The mortgage-relief scheme Estia for struggling home owners was officially launched on Monday with the opening of applications for the scheme which will be accepted...
How to build a house illegally, just say it’s a barn
HOW do you build a house on agricultural land where residential construction is not permitted? Easy, you apply for a permit for a farm warehouse...
Nice One & Strovolos Houses: Nice Day’s new projects that shape the contemporary urban landscape
With two brand new projects, Nice Day continues to shape the capital’s modern urban landscape, combining high aesthetics with functionality. The new “Nice One” and...
Cabinet agrees to help owners of collapsed Pissouri homes, but no compensation
The cabinet on Wednesday decided to afford humanitarian assistance to residents of an area of Pissouri whose homes have become uninhabitable due to landslides. The...
