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Cyprus construction sector shows signs of recovery

According to the latest figures from the Cyprus Statistical Service (CYSTAT) building permits for the construction of 2,125 residential properties were authorised in June 2009; up 28% on the 1,659 authorised in June last year.
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Residential property construction slows

According to the latest figures from the Cyprus Statistical Service (CYSTAT) building permits for the construction of 1,191 residential properties were authorised in May 2009; down by more than 30% on the 1,715 authorised in May last year.
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Sea caves destroyed by developer

Developers in Cyprus are causing irreparable damage to the natural environment and seem intent on destroying the very reasons people come to live on the island in their endless quest for money.
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Cyprus property and construction statistics for 2007

THE CYPRUS Statistical Service (CYSTAT) has published the annual report "Construction and Housing Statistics, 2007" containing detailed information relating...
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Property secrets

Municipalities refusing to disclose information about planned development projects to interested citizens are breaking the law, according to the ombudswoman Iliana Nicolaou. The right of access to public records is enshrined in the Constitution.
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20,000 Cyprus property industry workers face job losses

THE president of the Cyprus Construction Association, Sotos Lois, has said that 20,000 workers in the property industry may...
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Planning: amnesty & development proposals

WE understand that a bill concerning an amnesty for property owners who have committed urban planning violations will be...
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EU calls for halt to sales of Greek Cypriot property in the north

In Resolution 1628, the Parliamentary Assembly Council of Europe (PACE) has called on the authorities of the Turkish Cypriot...
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Construction continues to weaken

ACCORDING to figures just released by the Cyprus Statistical Service, CYSTAT, output in the property construction sector continues to...
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Property construction continues slowdown

ACCORDING to figures just released by the Cyprus Statistical Service, CYSTAT, output in the property construction sector continues to...
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Construction material prices up

ACCORDING to figures released by the Cyprus Statistical Service, CYSTAT, the price of construction materials during the 12 months...
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Construction activity in recession

ACCORDING to the latest figures provided by Cyprus Statistical Service, CYSTAT, construction activity is going through a recession. The number...
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Cyprus bank eases loan restrictions

THE Central Bank of Cyprus has eased the loan restrictions for the purchase or construction of second properties from...
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Backlash from Cyprus property developers

THE GOVERNMENT is facing a backlash from Cyprus property developers and estate agents over plans to introduce a 15%...
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Paphos property sold for 66 million

According to Stockwatch Ltd, KEO has sold its property at the Tombs of the Kings in Paphos to a...
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Cyprus rejects coastal building ban

SIGNATORIES to the Barcelona Convention, an international agreement to protect the sea, have agreed to ban development within 100...
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Construction loans boom despite Banks’ measures

Despite measures taken by the Central Bank of Cyprus earlier in the year, loan growth hit a 10-year high...
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Cyprus construction sector slow down

THE RAPID GROWTH of the construction sector has reached the utmost limit and is expected to slow down. According...
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Price war on Cyprus bank deposits to hurt real estate

An intense price war waged by Cyprus' commercial banks in their bid to attract deposits is likely to hurt...
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Authorities failed to protect buyers and Cyprus’ reputation

LITTLE appears to have been achieved at yesterday's meeting between finance minister Michalis Sarris and a delegation from the...
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