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More junk piled on Cyprus by Standard & Poor’s

Standard & Poor's Ratings Services pushed Cyprus further into junk territory by lowering its long and short-term sovereign credit ratings by two notches to CCC+. The outlook is negative.

Cyprus property price slump continues

The RICS Cyprus Property Price Index for the third quarter of 2012 reveals that property prices continued to fall with house prices falling by an average of 1.1 per cent and house prices falling by 0.4 per cent.

Cyprus bailout terms call for title deed delay reduction

Will a reduction in the backlog of Title Deeds to less than 2,000 of cases pending for more than one year, as required by Cyprus' bailout terms, resolve the Title Deed problem once and for all?

Cyprus draft bailout conditions leaked

The draft MoU between the government and the Troika is in the public domain. We summarise the specific points in the Memorandum of Understanding relating to the housing market and immovable property regulation & taxation.

Moody’s places Cyprus on review for downgrade

Ratings agency Moody's has placed Cyprus on review for a possible downgrade citing the slow pace of negotiations with the Troika and evidence that the Cyprus budget deficit will be significantly larger than expected.

More considering Cyprus as investment destination

Cyprus is back on the radar of those planning to buy overseas property according to the most recent Top of the Props chart and a survey of visitors to A Place in the Sun Live exhibition at Birmingham's NEC.

Cyprus construction activity may be improving

Although the number of building permits issued in Cyprus fell slightly compared to August last year, both their value and the number of residential properties for which permits were issued increased.

Cyprus property sales continue downward spiral

Property sales in Cyprus continued to decline in October with overall sales falling more than 20 per cent compared with October 2011, but there are some signs that the downward trend may be starting to slow.

Vanishing Cyprus: banks bailout – the big lie!

One day, it may be necessary for Cyprus to pull out of the euro to regain its social and economic independence as the "one-size-fits-all" policy has not worked for most EU member states.

Moody’s slashes Cyprus government bond ratings

Yesterday Moody's Investors Service downgraded Cyprus' bond ratings three notches further into junk territory and it's ratings on three Cypriot banks citing "profound difficulties" in the island's banking sector.

Cyprus real estate: Is PAMELA coming for a visit?

If the Troika's bailout conditions for Cyprus are implemented, what will be the impact on the island's real estate market? Will we achieve PAMELA, the Proper Asset Management of Estates, Loans and other Assets?

Cyprus property agents talk up Chinese interest

Although Chinese interest in the Cyprus property market is undoubtedly increasing, mainland investment in the island is still a trickle, according to the South China Morning Post.

Cyprus ranked in top 10 countries

Cyprus has moved up into the top ten countries for those seeking out investments in overseas property according to the latest ‘Top of the Props’ chart published by the TheMoveChannel.com.

HMRC removes all Cyprus QROPS

Questions are being asked as to why Her Majesty's Revenue and Customs has removed all the Cyprus-based Qualifying Recognised Overseas Pension Schemes from its list of registered schemes.

Cyprus Popular Bank chairman ordered to quit

Michalis Sarris, the chairman of the Cyprus Popular Bank has been asked to step down after accusing the island's government of making serious mistakes in a recent television interview for the BBC.

Cyprus may need more than €10 billion for bailout

The island's' public finances are in a worse state than we expected said troika official Maarten Verwey according to the minutes of the meeting obtained by Bloomberg News; more bailout cash may be needed.

Cyprus ratings lowered as bailout talks continue

Ratings agency Standard & Poor's has cut Cyprus’ long-term sovereign credit rating a notch pushing it deeper into junk territory and placed it in on CreditWatch with negative implications.

The ballooning Cyprus fiasco

Troika inspectors are swarming over Cyprus to find out how much money the banks would need to deal with their putrefying balance sheets, and how much the government would need to stay afloat.

Cyprus has a growing housing stock overhang

If you are wondering why the Island's real estate market has been doing so badly lately, the recently released data on dwellings from the October 2011 census provide a good clue.

Cyprus Bar Association fails to deliver justice

Although the Bar Association's Disciplinary Board ordered a Paphos-based lawyer to repay her client €7,500, it appears that the Board is either unable or unwilling to enforce the order.

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