Cyprus is being bought, piece by piece
Yesterday, I went to view a property for sale. There was also an Israeli lawyer at the viewing, apparently a resident of Limassol for the past eight years. This morning (18 ...
MPs move to tighten rules on property sales to foreigners
Parliament on Thursday began discussing proposed legislation to curb the sale of real estate to non-Cypriot nationals, with some MPs even calling the matter one of national security.
Aristos Damianou, ...
Akel submits bills to restrict property purchases by non-EU nationals
Two bills restricting and monitoring property purchases by third country nationals have been submitted to the House of Representatives, Akel leader Stefanos Stefanou said on Tuesday.
He told a press ...
Lawmakers sound alarm over foreign property buying spree
Cyprus has become a ‘free-for-all’ as non-EU foreign nationals are snapping up real estate in quantities vastly disproportionate to their numbers, some MPs warned on Thursday.
Parliamentarians were discussing a ...
Government to replace loophole-ridden property law
The government on Thursday conceded that the legislation granting non-EU foreign nationals the right to purchase immovable property is riddled with loopholes, promising to repeal the current law and replace ...
North clamps down on foreigners buying property
The north’s ‘parliament’ on Thursday passed a law clamping down on foreigners buying property.
Foreigners are now only allowed to buy one house or apartment each, provided that it ...
Real estate predictions for 2023
What is in store for us regarding real estate in Cyprus?
In 2022 we saw a positive trend with new sales rising by 35 per cent in deposited real estate sales contracts. ...
Sales in north to foreign property buyers spiral
Relaxations on the issuance of building permits to foreign nationals living in the north have resulted in a spike in such properties, Turkish Cypriot media are reporting.
According to the ...