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Cyprus advised to do more

The European Commission has issued Cyprus with a number of recommendations to speed the issuance of Title Deeds, reduce NPLs, eliminate impediments in the insolvency and foreclosure frameworks, etc.
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Fitch affirms Cyprus at B+

Fitch Ratings has affirmed the long-term credit rating of Cyprus B+, with a positive outlook, but warned that "banks remain fundamentally weak and pose an ongoing risk to the economy and public finances."
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Cyprus house prices fall

House prices in Cyprus fell marginally in the fourth quarter of 2015 compared with the fourth quarter of 2014, but by more than 4 per cent compared with the previous quarter according to a Eurostat news release.
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50,000 housing units in Cyprus unsold

Up to 50,000 housing units in Cyprus have remained unsold for a considerable time based on the difference between the number of building permits authorised and contracts of sale deposited at Land Registry offices.
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Crocodile park permit allegation

Political pressure was brought to bear on the Cyprus Environment Department to allow the operation of a crocodile theme park in the area of Psematismenos, Larnaca according to Green Party chairman Giorgos Perdikis.
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Cyprus real estate market 2016

In isolated cases, where the demand for residential real estate in Cyprus is low and distressed assets result in excess supply, further discounts of up to 40% of market value are possible.
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Cyprus bailout success likely

Cyprus is likely to successfully complete its bailout programme and receive the last tranche of international aid by the end of March, a senior euro zone official said on Wednesday.
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Cyprus plummets 18 places in property chart

Cyprus dropped eighteen places in the December Top of the Props chart published by TheMoveChannel.com, which records the most searched for overseas destinations to buy property.
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Middle Eastern investors eyeing Cyprus

Chestertons reports that Cyprus has carved a niche for itself over the years and is receiving considerable interest from Middle Eastern investors who are looking to establish their second home overseas.
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Bank of Cyprus NPLs at tipping point

Nick Smith, who succeeded Euan Hamilton as the head of the Bank of Cyprus' restructurings and debt recovery department, sees non-performing loans (NPLs) at tipping point as the bank mulls big loans syndication.
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Cyprus back at number 10

Cyprus jumped twelve places to number 10 in November's Top of the Props chart published by TheMoveChannel.com, which records the most searched for overseas destinations to buy property.
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More new homes in Cyprus

The number of new homes in Cyprus for which building permits have been issued increased by 1.9 per cent in September compared with the same period last year according to the Cyprus Statistical Service.
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Cyprus property sales recovering

Both Cyprus domestic and overseas property markets are recovering with sales to the domestic market up 11 per cent and the overseas market up 48 per cent during November compared to the same period last year.
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Cyprus property sales up 23 per cent

Property sales in Cyprus to the domestic market rose in October compared to the number sold in October 2014, while sales to the overseas market fell according statistics published by the Department of Lands and Surveys.
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Cyprus property prices stabilising

Although Cyprus property prices continued to fall during the third quarter of 2015, there are signs that they may be stabilising in some areas according to the RICS (Royal Institution of Chartered Surveyors) Cyprus Property Price Index.
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Cyprus tops bad property loans chart

KPMG's Property Lending Barometer 2015 reports that Cyprus has the highest proportion of impaired real estate loans with 70% of impaired loans (59% serious and 11% minor impairment).
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Cyprus property prices rising

House prices in Cyprus rose during the second quarter of 2015 according to figures published earlier today by Eurostat, the statistical office of the European Union, contradicting both recent reports by the Cyprus Central Bank and RICS (Cyprus).
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Cyprus property prices continue downward

Cyprus property prices continued to fall during the second quarter of 2015 according to the 23rd edition of the RICS (Royal Institution of Chartered Surveyors) Cyprus Property Price Index.
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Cyprus home construction weakens

The previous strong growth in new home construction in Cyprus was reversed in April with the number building permits authorised by the authorities for new homes falling compared to last year.
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Cyprus property sales falter in May

The number of properties sold in Cyprus during May fell compared with the numbers sold in May 2014 with sales falling in all districts; the first monthly drop in sales since November last year.
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