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Why banning short-term rentals will hurt the Cyprus economy

The need for a rational and modern framework to regulate short-term rentals was at the heart of a recent...

Troika highlights concerns over Cyprus economic growth

Although Cyprus' economy is experiencing strong growth, the Troika of international lenders have identified key concerns during their 18th...

Real estate sector depends on external factors

The Cyprus economy has showcased its strong resilience, in a particularly difficult period recording, "comparatively one of the highest...

EC Report for Cyprus analyses the economic situation

The Cyprus Post-Programme Surveillance Report for Autumn 2023, which has been prepared by the European Commission's Directorate-General for Economic...

Alarm bells as property construction stretched

Market insiders warn the economy could be overheating, as the island looks like an extensive construction site, driven by...

Construction sector key to Cyprus’ economic growth

Cyprus Land and Building Developers Association (LBDA) president Michalis Hadjipanayiotou on Thursday lauded the local property sector's robustness, reflected...

Cyprus real estate market not cooling down

Cyprus' real estate market is not showing any signs of slowing down, fuelled by foreign buyers, as 2023 is...

Highly paid Ukrainians upset property market

Almost 10,000 highly skilled and highly paid Ukrainian refugees have joined the island's work force, paving the way for...

Why prices are not coming down anytime soon

Cyprus has been attracting foreigners for tourism, real estate, and business purposes for the past 30 years. This has...

Cyprus real estate market should look to the West

With the war in Ukraine causing a range of short and long term issues, with the global economy likely...

Soaring rents harm job market

There is a Catch-22 when seeking a high-paid job, especially in Limassol, where exorbitant rents are a turn-off. This results...

The rise and rule of zombie banking in Cyprus

In a country like in Cyprus where the actual private debt is over three times the country’s GDP, it...

Banking sector challenges lie ahead

The banking sector faces multiple challenges ranging from the large percentage of non-performing loans (NPLs) to climate change; despite...

Managing toxic loans outside the banking system

Terms like "non-performing loans", "foreclosures", "loan sales" entered our lives in the last decade as a result of the...

Loan repayment holiday until June 2021

The Central Bank of Cyprus (CBC) has approved a new loan repayment moratorium until the end of June because...

Commission approves Cyprus’ airlines incentive scheme

The European Commission has approved a €6.3 million Cypriot incentive scheme towards airlines affected by the coronavirus outbreak, supporting tourism and possibly the overseas property market.

Clouds gathering over the Cyprus economy

Risks, driven by world economy deceleration, Brexit as well as Cyprus' domestic challenges are clouding the medium-term outlook of the Cypriot economy, an economic conference has heard.

Limassol upcoming skyline fears

Limassol's construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape, but it seems that the problems are far more serious.

IMF to visit Cyprus

A delegation from the International Monetary Fund (IMF) will visit Cyprus next week for talks to evaluate the economy of the country following the island's successful conclusion of its economic adjustment programme.

Cyprus economy recovery fragile

Although the Cyprus economy is recovering it is still fragile and it needs to implement key reforms in order to unlock its potential, including the enforcement of property rights, European Commissioner Pierre Moscovici has said..

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