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Larnaca marina and port proposals received

Five proposals from various consortia have been received for the development of Larnaca marina and port following many years of delay and after the previous bidder Zenon Consortium failed to find the necessary funds.
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Standard & Poor’s raises Cyprus rating

Ratings agency Standard & Poor's has raised its foreign and local currency long-term sovereign credit ratings on the Republic of Cyprus to 'BB+' from 'BB' and has affirmed its 'B' foreign and local currency short-term sovereign credit ratings.
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Key findings of Cyprus real estate conference

Key findings form a real estate conference to discuss the state of the Cyprus property market recently hosted by RICS (Cyprus) at which the management of REOs and NPLs were also discussed.
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Paphos marina faces further delays

The Paphos Grand Marina project, which has already been delayed by more than a decade, may face yet another delay following a decision by the authorities to refer the matter to the attorney-general.
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Cyprus property sales falter in February

Having got off to a promising start to the New Year in January, property sales in Cyprus faltered in February with numbers falling in all five districts compared to the numbers sold in February 2016.
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Cyprus real estate market report 2016

In its 2016 annual review Resolute Asset Management reports that the Cyprus real estate market is gradually becoming more active partly due to improving local and international economic conditions.
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Larnaca marina edging forward

Ambitious plans for the Larnaca marina and port project are edging forward with Transport Minister Marios Demetriades announcing that the target to sign contracts is the end of 2017, depending on progress.
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Chinese property buyers targeted

It appears that Chinese property buyers are now being targeted by nefarious elements involved in the Cyprus property industry now that British buyers have finally wised-up to the scams.
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Bank of Cyprus, the reluctant estate agent

With the Bank of Cyprus now being the island's second-biggest private real-estate agent after the church, it might be seen as a good place to start bargain-hunting for a property in Cyprus.
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More new homes in December

The number of new homes in Cyprus for which building permits have been issued increased by 55.7 per cent in December 2016 compared to the same period in the previous year according to the Cyprus Statistical Service.
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Cyprus has made limited progress

Cyprus has made limited progress with implementing the 2016 country-specific recommendations said the European Commission in its country report on Cyprus issued earlier today.
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Construction and housing statistics 2014

The Statistical Service of Cyprus (CYSTAT) has published the annual report "Construction and Housing Statistics, 2014", which contains detailed data on the performance of the industry during 2014.
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Marginal rise in property prices

Cyprus property prices rose marginally during the third quarter of 2016 for the first time since the end of 2009 according to the Residential Property Price Index published by the Cyprus Central Bank.
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How can Cyprus banks justify their action?

Cyprus banks are blocking trapped property buyers getting Title Deeds, while in Spain the Supreme Court has ruled that the banks must refund money to purchasers whose homes were never completed.
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November building permits up by a third

The number of building permits authorised by the municipal authorities and the district administration offices during November 2016 stood at 550 according to the Cyprus Statistical Service.
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Property sales off to a promising start

Property sales in Cyprus got off to a promising start in 2017 with sales increasing in all districts during January (with the exception of Famagusta) compared to the numbers sold in January 2016.
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Cyprus property prices up Q3 2016

The RICS Cyprus Property Prices Index for Q3 2016 reports increases in almost all districts and property types, with largest increase in apartment and house prices recorded for Limassol and Paphos respectively.
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October building permits down 4 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during October 2016 stood at 449 according to the Cyprus Statistical Service.
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Cyprus house prices down

House prices in Cyprus fell by 3.3 per cent in the third quarter of 2016 compared to the third quarter in 2015 according to the House Price Index published yesterday by Eurostat in a news release.
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New repossessed property regulations

New regulations allowing the banks to rent and maintain repossessed properties on their books and allow them to complete unfinished properties are being discussed by the house finance committee.
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