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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.
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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.
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Many properties will remain unsold

It is unlikely that the existing stock of new properties in the oversupplied markets of Paphos, Larnaca and the Famagusta/Paralimni area will be sold in the near future as they were built for "buy-to-flip" investors and are unsuitable for permanent living.
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Cypriot economy faces substantial risks

The International Monetary Fund has warned Cyprus that it must take swift action to shore up its economy, saying it faces strong head winds and substantial downside risks that are likely to persist.
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Resale villas and apartments offer safer investments

Given all the uncertainties and doubts about buying off-plan property in Cyprus, why not consider a resale villa or apartment as these offer safer investments and often, better value for money.
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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
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Russians interested in Paphos tourist investment

Almost a month ago a Russian investment group approached the Mayor of Paphos, Savvas Vergas, to present a plan for a number of tourist developments of the town.
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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.
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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.
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Complimentary tickets to A Place in the Sun exhibition

Complimentary tickets are available to the overseas property exhibition 'A Place in the Sun Live' being held at the NEC in Birmingham between 30th September and 2nd October 2011.
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Banks could face 1 billion Euro hit

Cypriot banks could take a hit of more than 1 billion Euros to shoulder their Greek bailout obligations, forcing them to raise capital and potentially deepening concerns over the Island's own sovereign debt.
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Second agency cuts Cyprus credit rating

Following the announcement by Moody's on Wednesday, Standard & Poor's became the second agency to cut Cyprus' rating this week citing the government's indecision in introducing substantial consolidation measures.
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Moody’s downgrades Marfin and Bank of Cyprus

In the wake of yesterday's announcement that Moody's had downgraded Government bond ratings, the ratings agency has downgraded the deposit and debt ratings of the Marfin Popular Bank and the Bank of Cyprus.
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Fitch cuts Cyprus rating on exposure to Greek debt

Fitch ratings agency has cut Cyprus' sovereign credit rating from AA- to A- and is warning of another possible downgrade because of its banking sector’s large exposure to debt-laden Greece.
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Moody’s reviews Cyprus banks for possible downgrade

Moody's Investors Service placed three Cypriot banks on review for a possible downgrade on Friday, citing heightened risks to the banks from their exposure to Greek debt.
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Interest in Mediterranean property picks up

Potential overseas property buyers in the UK are showing more interest in southern Mediterranean countries with a rise in Internet searches for Ibiza, Sardinia, Portugal, Cyprus and Greece.
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Is this the worst overseas property market in Europe?

If there was a prize for the worst overseas property market in Europe, Cyprus would be the hands down winner according to Global Edge.
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Cyprus economy downgraded again

Standard and Poor's has downgraded Cyprus' sovereign credit rating by one notch and set the outlook as ‘negative’ as a result of the Island’s significant exposure to Greece.
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Buying property in Cyprus – book review

For anyone wishing to avoid unnecessary heartache and financial loss when buying property in Cyprus, this book is an essential reference - Dr Alan Waring.
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Moody’s downgrades three Cyprus banks

Following in the wake of its decision last week to downgrade Cyprus government bond ratings, yesterday Moody's Investor Services announced that it had downgraded three Cyprus banks.
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