HomeTagsCyprus

Tag: Cyprus

Latest News & Updates

Bank of Cyprus reports €2.2 billion net loss in 2012

Bank of Cyprus has announced that it made a net loss of €2.2 billion in 2012, in addition to the €1.4 billion loss in the previous year, reflecting deterioration in its loan portfolio and declining collateral values.
Latest News & Updates

Capital controls to end in January 2014

Cyprus plans to lift all restrictions on the movement of money in January 2014 after becoming the first euro member to seize bank deposits and impose capital controls to avert a financial collapse.
Latest News & Updates

Cyprus at number twelve in Top of the Props

The interest being shown in Cyprus as a destination for overseas property investors improved last month according to the 'Top of the Props' chart published by the TheMoveChannel.com.
Latest News & Updates

On-going collapse in Cyprus property sales

The number of properties sold in Cyprus continued to fall in August dropping 16 per cent compared with August 2012 according to figures published by the Department of Lands and Surveys.
Latest News & Updates

Housing market in Cyprus

An insight into the island's property sector and housing market are contained in 'The Economic Adjustment Programme for Cyprus', recently published by the European Commission.
Latest News & Updates

Chinese investors aim to pour 1.5 billion into Cyprus

A delegation from the Hong Kong-based conglomerate 'China Glory National Investment' was received by Cyprus President Nicos Anastasiades at the Presidential Palace on Monday.
Latest News & Updates

Revised property tax bill announced

Details of the proposed property tax bill have been announced, but houses valued at many millions of Euros in a number of districts have not been included in the calculations as they have not been properly registered.
Latest News & Updates

Criminal investigation into land registry officials

Disciplinary and criminal investigations are underway into a number of land registry officials relating to allegations of corruption, bribery, embroilment, violation of personal data laws and depriving the state of revenue.
Latest News & Updates

Construction in Cyprus continues decline

Figures released by the Cyprus Statistical Service (CySTAT) earlier today show that investments in the island's construction sector are continuing to decline as the economic downturn continues
Latest News & Updates

Revised Cyprus EU bailout terms leaked

Update 4th April 2013 - The revised Memorandum of Understanding between Cyprus and the EU has been leaked to the press and appeared exclusively in today's edition of the Greek language newspaper Phileleftheros.
Latest News & Updates

Big depositors in Cyprus to lose far more than feared

Big depositors in Cyprus's largest bank stand to lose far more than initially feared under a European Union rescue package to save the island from bankruptcy, a source with direct knowledge of the terms said on Friday.
Latest News & Updates

Bailout deal for Cyprus agreed in Brussels

Cyprus has avoided bankruptcy by securing a last-minute €10 billion EU bailout deal in Brussels following hours of tense negotiations; but the island will have its second largest bank closed with losses expected for big depositors.
Latest News & Updates

Robbed by property fraud

Liberal Democrat MP Andrew Stunell raised the case of a constituent who had been subject to property fraud in Cyprus following the default of Alpha Bank and has asked for a meeting about the issue.
Latest News & Updates

Hope for property sales in Cyprus

Although Cyprus continues to negotiate a bailout deal with the Troika, there are some early signs that domestic and overseas buyers are returning to Paphos despite the economic uncertainties.
Latest News & Updates

Risk of Cyprus default “material and rising”

Cyprus faces a "material and rising risk" of defaulting on its sovereign debt, especially if the euro zone and International Monetary Fund do not come up with aid, rating agency Standard & Poor's said on Wednesday.
Latest News & Updates

The declining Cyprus property market

Further details on the declining Cyprus property market were revealed today in new statistics published by the Department of Lands and Surveys showing that the number of overseas buyers continues to fall.
Latest News & Updates

Great Cyprus property crash continues in 2013

Property sales in Cyprus are on course to set an all-time record low in 2013 with sales in January down by more than 50 per cent on the corresponding month last year, posting the lowest monthly figure on record.
Latest News & Updates

Fitch cuts Cyprus sovereign credit rating to ‘B’

Ratings agency Fitch has downgraded the Republic of Cyprus' sovereign credit rating two notches on its belief that it may cost the government more to bailout the island's banking sector than previously anticipated.
Latest News & Updates

Moody’s cuts Cyprus rating on default risk

Moody's cut Cyprus government bond credit rating by three notches to Caa3 from B3 due to an increase in government debt and issued a warning that the country had a 50 per cent chance of default.
Latest News & Updates

Our top 10 stories from Cyprus in 2012

The most read article published in Cyprus Property News over the past twelve months was that a group of British buyers had won the right to have their cases against their Paphos-based developer heard in the UK.
Load more

Top Stories

Elsewhere in Cyprus Property News