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Growing interest in Cyprus property

Cyprus is back in the top 10 of the November edition of the property portal TheMoveChannel.com's Top of the Props chart, which records the most searched for overseas destinations to buy property.
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Cyprus justice subverted by corruption

Former ECHR judge has charged that corruption has crept into the Cyprus justice system casting doubt over certain decisions; the judiciary is lacking knowledge, impartiality, and self-awareness.
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How far have Cyprus property prices fallen?

In light of the various Cyprus property price indexes that abound at the moment, the director of Sapienta Economics Ltd Fiona Mullen asks the question how far have Cyprus property prices fallen?
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Cyprus urged to implement mortgage directive

The European Commission (EC) has given Cyprus and eight other EU member states two months to implement the regulations of the European Union on mortgages if they want to avoid going to the European Court of Justice.
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Fitch upgrades Cyprus to ‘BB-‘

Fitch Ratings has upgraded Cyprus by one notch from ‘B+’ to ‘BB-’ with a positive outlook on continuing strong progress in its adjustment following the 2013 banking crisis but warns that banks remain weak due to the high level of NPLs.
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Cyprus property prices rise

The RICS Cyprus Property Prices Index for the second quarter of 2016 includes price changes in holiday homes for the first time with prices in both residential properties and holiday homes rising.
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First casino resort for Cyprus

The race to build and operate the first casino resort in Cyprus is now down to one candidate in a group led by Melco International Development Ltd following the decision of NagaCorp Ltd to pull out of the bidding process.
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Cyprus economy recovery fragile

Although the Cyprus economy is recovering it is still fragile and it needs to implement key reforms in order to unlock its potential, including the enforcement of property rights, European Commissioner Pierre Moscovici has said..
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Strong growth in Cyprus property sales

The number of properties sold in Cyprus during August rose significantly compared to August 2015 according to the latest official figures published by the Department of Lands and Surveys.
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Recidivism: the curse on Cyprus

Unless the Cyprus government cracks down hard on recidivism in all its forms, an international risk management consultant predicts that Cyprus is likely to hit another 2013 scale financial crisis within five years.
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Cyprus interest rates fall

Interest rates in Cyprus for consumer credit fell to 4.01 per cent and loans for house purchases fell to 2.94 per cent in July according to official figures from the Statistical Service of Cyprus.
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Immovable Property Tax discounts

The Tax Department will start sending Immovable Property Tax demands today that will include significant discounts agreed by parliament earlier this year of 75 per cent if they settle their account by 31 October.
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Cyprus wooing Thai investors

Cyprus is offering investors from Thailand European Union citizenship for BHT 100 million (approx. €2.5 million) as it expects to raise capital from Thai investors in a number of sectors.
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Steps to prevent Cyprus property price falls

Solutions are being sought from the Finance Ministry that will prevent property prices in Cyprus falling when the banks sell off the properties that have accumulated on their balance sheets as a result of repossessions and debt-to-asset swaps.
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Cyprus Central Bank home prices Q1 2016

The Cyprus Central Bank has published its residential home price indexes for the first quarter of 2016 recording a fall in house prices over the quarter of 1.3 per cent and a rise in apartment prices of 0.6 per cent.
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Cyprus home prices fall 3.4 per cent

The Cyprus Statistical Service (CYSTAT) reported that the price of houses in Cyprus fell 3.4 per cent in the first quarter of 2016 in the first issue of its House Price Index issued earlier today.
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Cyprus property prices recovering

The RICS Cyprus Property Price Index for Q1 2016 reports increases in almost all districts and property types, with significant increases recorded in Paphos and Famagusta, while prices other urban areas are gradually bottoming out.
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Over 306,000 to pay Immovable Property Tax

If the Cyprus parliament passes the proposed changes to Immovable Property Tax the government expects to collect €44.4 million from more than 306,000 taxpayers, while some 65,000 taxpayers will be exempt.
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Confusion over Cyprus property values

While the European Commission contends that Cyprus properties are overvalued by 5 per cent, the European Central Bank considers they are undervalued by between 4 per cent and 16 per cent.
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Cyprus property sales continue to rise

Property sales in Cyprus continued their upward trend in May 2016 compared to the same period last year, according to official statistics published by the Department of Lands and Surveys.
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