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Cyprus home construction up again

Strong growth in the Cyprus construction sector was recorded for the second consecutive month in March with the number building permits authorised for new homes increasing compared to last year.
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Decline in Cyprus property prices continues

Although property prices in Cyprus continued to decline in all districts during the first quarter of 2015, there are indications that residential property prices in Paphos, Larnaca and Famagusta may be stabilising.
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US firm wants Cyprus casino licence

Beverly Hills-based company Realty Group International (RGI) is seeking casino operators and investors to purchase land to build a 'super casino' in the Mediterranean island of Cyprus.
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House prices fall in Cyprus

House prices fell by 3.0 per cent in Cyprus, over the fourth quarter of 2014 and by 3.3 per cent compared to the fourth quarter of 2013 according to today's report published by Eurostat.
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S&P revises Cyprus outlook to positive

Standard and Poor's (S&P's) has revised the Cyprus economy's outlook to positive from stable, citing better than anticipated reduction in the country's public debt and the less adverse economic growth.
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Cyprus Bar Association in the dock

The Cyprus Bar Association's minimum fees for out-of-court work violate the Treaty on the Functioning of the European Union; a formal legal complaint against the Association at the European Commission is planned.
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Cyprus real estate insight (apartments)

During the first three quarters of 2014 more than 3,200 residential property transactions took place across Cyprus according to figures released by Cyprus Economic Intelligence (CEI).
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US group plans expansion to Cyprus

Realty Group International, Inc. (RGI), headquartered in Beverly Hills, with offices in London, Paris, Rome, Barcelona and Rio de Janeiro has announced plans to expand into Cyprus.
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Has Spain caught the Cyprus tax disease?

People who bought property in Spain are now facing the same problem as those who bought property in Cyprus as the Spanish tax department reassesses the duty payable o their purchase.
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Our top 10 stories from Cyprus in 2014

Since the start of 2014 Cyprus Property News has attracted more than a million visitors and here is our list of the Top 10 stories that have attracted the most interest from our readers.
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Increasing transparency in the Cyprus property market

The Cyprus Economic Intelligence (CEI), which provides a centralised databank that collects, analyses and displays information on the island's property market, has been launched.
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Cyprus property sales continue to rise

Property sales in Cyprus continued to increase during October in both the domestic and overseas markets, according to the latest statistics from the Department of Lands and Surveys.
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Lessons from Cyprus economic crash

Researchers from Imperial College Business School and the University of Cyprus carried out an in-depth analysis of why Cyprus needed to be bailed out to explore what lessons could be learnt from the crisis.
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Cyprus mortgage scam

A question on the Cyprus mortgage scam has been raised in the European Parliament by Jonathan Arnott MEP, for the North East England region for the United Kingdom Independence Party.
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Standard & Poor’s raises Cyprus credit rating

Ratings agency Standard & Poor's has raised Cyprus long-term ratings to 'B+' and affirmed the short-term foreign and local currency ratings at 'B' on strong budgetary performance; the outlook is stable.
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Cyprus building permits down 14 per cent

The number of building permits issued in Cyprus during July fell 14 per cent compared with the corresponding month of last year, while the number of new homes being built fell 39 per cent.
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Next bailout tranche withheld

Cyprus will not receive the next tranche the €10 billion bailout from the troika of international lenders until it complies with the MoU regarding foreclosures and insolvency legislation.
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Bank of Cyprus deposit ratings for upgrade

Moody's Investor Service has announced that it has placed the long-term deposit ratings of the Bank of Cyprus on review for upgrade following the bank's successful completion of its €1 billion capital increase.
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Moody’s: Cyprus banking sector risk ‘very high’

Moody's Investor Services has warned about the dangers lurking in the Cyprus Banking system due to the high percentage of non-performing loans and considers the banking sector risk to be "Very High".
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Cyprus property sales faltering?

Although property sales in Cyprus increased for the fifth consecutive month in July, the rate of growth seem to be faltering with sales to the overseas market declining compared with the same period last year.
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