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Cyprus needs to earn trust of Chinese investors

A conference in Nicosia has heard that Chinese property buyers are slowly returning to Cyprus, but that the country needs to earn their trust if it wants them to make further investments.
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Cyprus fifteenth in Top of the Props

Cyprus slipped four places in last month's Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.
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Cyprus slips out of the top 10

Cyprus has slipped out of the top 10 in the Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.
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Cyprus Title Deeds bank extortion (updated)

Update - 13 February. Receivers acting for the Alpha Bank are threatening to sell the homes of people who purchased property from defunct developer unless those people pay off the developer's defaulted mortgages, their taxes and other creditors.
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Cyprus program remains on track says Troika

On its completion of its third assessment of the Cyprus Economic Adjustment Program, the Troika has issued the following statement noting that although the program remains on-track, Cyprus still faces significant risks.
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Cyprus back in the top 10

Cyprus moved up to take 10th spot in the Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.
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Cyprus property sales hit new record low in 2013

Property sales in Cyprus fell for the sixth consecutive year in 2013 with sales down more than 80 percent compared with the peak year of 2007 and the lowest number since records began in 2000.
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yoo to launch first project in Cyprus

yoo, the global design, development and branding firm is to launch a luxury coastline project in Cyprus under the 'yoo inspired by Starck' brand, headed by the one of the world's most revered designers Philippe Starck.
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Bank of Cyprus reports €1.94 billion 9 month net loss

The Bank of Cyprus Group Financial Results for the nine months ended 30 September 2013 published earlier today show a net loss of €1.947 billion net loss over the reporting period.
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Cyprus to remain in recession until 2017

Against a backdrop of shattered consumer and investor confidence, soaring unemployment, and a credit crunch, the Cypriot economy will remain in recession until 2017.
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Cyprus Property News review of 2013

With the year coming to an end, we look back at the most significant events that have taken place over the past twelve months that have helped shape the Cyprus property market.
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Bank of Cyprus loan restructuring appeals

Borrowers wishing to restructure their credit facilities with the Bank of Cyprus may complete a Submission of Appeal on Restructuring Form and return it to the bank by post or email.
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Will Cyprus adopt a debt relief package like Iceland?

Will Cyprus follow the example of Iceland and launch a mortgage debt relief programme to assist households who can no longer able to afford to maintain their mortgage repayments?
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Bank of Cyprus ashamed over past practices

The new Bank of Cyprus President, Christis Hassapis, has apologised to the country, shareholders and depositors over the previous lending practices of the bank and has vowed not to repeat past mistakes.
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Standard & Poor’s raises Cyprus rating as risks recede

Ratings agency Standard & Poor's has provided a welcome boost to the island's economy by raising its credit rating for Cyprus to B-/B from CCC plus/C arguing that the immediate risks to Cyprus' austerity program had receded.
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IMF specialists to scrutinize Cyprus solvency laws

A reliable source has told CNA that a team from the IMF arrived in Cyprus yesterday and will meet all stakeholders in a bid to scrutinize the Cypriot solvency laws and provide recommendations for amendments.
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Revised Memorandum of Understanding (Updated)

Update 11 November. Updated MoU available. Earlier today the Finance Minister and the Troika agreed an updated MoU; discussions included the avoidance of mass and uncontrollable liquidations resulting from non-performing loans.
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Why Bank of Cyprus should not be separated

Rather than establishing a separate Asset Management Company, it's likely that the Bank of Cyprus will set up a separate internal non-performing loan unit to pro-actively manage problematic loans.
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Multiple creditors & foreclosures in Cyprus

A new directive for handling customers' debts has been issued by the Central Bank; however foreclosing on non-performing real estate loans and evictions is not in anyone's interests.
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Cyprus slips in Top of the Props chart

Cyprus slipped two places last month in the Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.
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