Tag: housing

Based on the preliminary results from the Bank of Cyprus, problematic housing loans account for just 9.4% of its non-performing loans of €12.7 billion and only 10.2% of its NPLs in Cyprus.

Cyprus was the world's weakest housing market during the year to the second quarter of 2013, based on the latest survey of house price statistics conducted by the Global Property Guide.

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.

Using publically available data from the Central Bank of Cyprus, Pavlos Loizou MRICS considers the size of the shortfall between the value of housing loans granted by the banks and the market value of their underlying collateral.

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.

Banks are considering increasing housing loan interest rates of in light of the tough conditions in the sector and the increased risk in the Island's property market, according to StockWatch.

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.

Compared to other European member states, the housing market in Cyprus performed poorly in 2010, with price falls over the year averaging more than nine percent.

In a press release issued this morning, the Cyprus Statistical Service announced that it has published its annual Construction and Housing Statistics report for the year 2008.

According to the European Central Bank, Cypriot banks charge the highest interest rates for housing loans in the euro area. The gap between the average housing loan in Cyprus and that of other countries in the euro area is 239 base points.

According to the Central Bank Monetary Review, credit growth in January 2008 stood at 33.48%, higher than February 2007. The...

The Cyprus Government has published its 2007 housing grants plan which covers locals, as well as all E.U. members....