HomeTagsCyprus

Tag: Cyprus

Latest News & Updates

Cyprus: A country in denial and a scandalous political leadership

Despite frequent warnings from the market, the ECB and the Cyprus Central Bank and repeated downgrades by the credit ratings agencies, Cyprus and its political leadership remain in denial.
Latest News & Updates

Governor warns Cyprus is at the edge of the precipice

The Governor of the Island's Central Bank has warned that Cyprus is at the edge of the precipice and has called on the government and parliament to work together to overcome opposition from the unions to proposed austerity measures.
Latest News & Updates

Commission refers Cyprus to EU Court of Justice

The European Commission has referred Cyprus to the European Court of Justice for non-compliance with European Union Treaty rules on the free movement of capital in respect of unrestricted access to buy a second home in Cyprus.
Latest News & Updates

Overseas investors taking more interest in Cyprus

After some months after being out of the top ten countries for overseas property investors, Cyprus is back in at the number seven spot in the October 'Top of the Props' chart published by TheMoveChannel.com.
Latest News & Updates

Cyprus’ top three banks downgraded by Moody’s

Moody's Investors Services has downgraded the long-term deposit and debt ratings of the three largest Cypriot banks because of what it believes is the reduced ability of the country to support its large banking system.
Latest News & Updates

Real estate prices & rents across Cyprus continue to fall

Property prices and rents across the major urban areas of Cyprus continued to fall during the second quarter of 2011, according to the seventh issue of the RICS (Cyprus) Property Price Index published earlier today.
Latest News & Updates

Cyprus property sales down 21 percent in October

The Cyprus property market shrank by 21% in October compared with October 2010 and the number of sales recorded so far this year are down by more that 11% on the number sold in 2009, the year the market collapsed.
Latest News & Updates

Moody’s downgrades Cyprus’ bond ratings

Moody’s Investors Service has downgraded Cyprus government bond ratings to Baa3 from Baa1 on the very high likelihood that the Cypriot government will need to contribute to the recapitalisation effort of the banking system.
Latest News & Updates

The Greek haircut and the Cyprus real estate market

With the share price of one of the banks in Cyprus having fallen to a 12 year low, the repercussions of the 50 percent haircut on Greek bonds and now the possibility of Greece defaulting are devastating - and the Cypriot real estate sector is part of the problem.
Latest News & Updates

Standard & Poor’s downgrades Cyprus’ credit rating

Yesterday Standard & Poor's downgraded Cyprus' long-term credit rating to BBB due to the banks exposure to the Greek debt, which it estimates to be 165 percent of the Island's Gross Domestic Product.
Latest News & Updates

Central Bank of Cyprus reports housing price falls

Residential housing prices in Cyprus have dropped for the sixth consecutive quarter according to the latest 'Residential Property Price Indices' report produced by the Real Estate Unit of the Island's Central Bank.
Latest News & Updates

Vanishing Cyprus: bank domination

In this article from his Vanishing Cyprus series, Andreas Chrysafis considers the developing banking situation and asks the question which government dares to do the right thing?
Latest News & Updates

Cyprus falls to twelfth spot in Top of the Props

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

Cyprus property buyers – now is the time to act!

The Sale of Immovable Property (Specific Performance) Law, N81(I)/2011 ensures that when a buyer's Contract of Sale is deposited at a Land Registry office in Cyprus they are provided with a degree of legal protection.
Latest News & Updates

Cyprus Town Planning Amnesty penalties announced

The Ministry of Interior has published the penalty charges to be levied under the temporary provisions of the Cyprus Town Planning Amnesty for planning irregularities resulting from overbuilding.
Latest News & Updates

Conveyancing property in Cyprus and due diligence

One of the issues that people face when buying real estate in Cyprus is that there appears to be no defined tasks that a lawyer is required to undertake when conveyancing property, which may lead to severe complications for the buyer at a later date.
Latest News & Updates

Cyprus property sales slump slows

Although figures from the Land Registries across Cyprus reveal that the number of properties sold fell for the fourteenth consecutive month during August, the rate of the fall appears to be slowing.
Latest News & Updates

Will Cyprus follow Spain’s example

Will Cyprus follow the example of Spain where the government plans to halve the VAT payable on the sale of newly built housing until the end of the year in an effort to boost its property market?
Latest News & Updates

Cyprus at number nine in Top of the Props

In the August survey published by the overseas search portal themovechannel.com, Cyprus is the ninth most popular destination for British overseas property investors.
Latest News & Updates

Fitch downgrades Cyprus two notches closer to junk

Fitch Ratings agency has cut Cyprus' long-term local and foreign currency ratings by two notches to within two steps of junk territory, referring to the Island's increasing budget and debt pressures.
Load more

Top Stories

Elsewhere in Cyprus Property News