HomeTagsProperty

Tag: property

Latest News & Updates

Property prices continue to weaken

Property prices across Cyprus continued to weaken during the fourth quarter of 2014 with both house and apartment prices falling according to the RICS Cyprus Property Price Index.
Latest News & Updates

Mortgage regulation tightened

The Mortgage Credit Directive 2014/17/EU aims to enhance consumer protection for those buying residential property and should end devious banking practices in Cyprus and other EU member states.
Latest News & Updates

Cyprus real estate insight (apartments)

During the first three quarters of 2014 more than 3,200 residential property transactions took place across Cyprus according to figures released by Cyprus Economic Intelligence (CEI).
Latest News & Updates

Ayia Napa marina investment

Naguib Sawiris, billionaire businessman and founding member of the Al Masreyeen Al Ahrrar political party, plans to invest around €220 million in the construction of the Ayia Napa marina.
Latest News & Updates

The major problem of non-performing loans

Banks in Cyprus could secure the collection of significant parts of loans that are currently not being serviced by managing their non-performing loans more efficiently as Dr George Mountis explains.
Latest News & Updates

US group plans expansion to Cyprus

Realty Group International, Inc. (RGI), headquartered in Beverly Hills, with offices in London, Paris, Rome, Barcelona and Rio de Janeiro has announced plans to expand into Cyprus.
Latest News & Updates

Residential property prices fall 1.7 per cent

Residential property prices in Cyprus continued to fall in the third quarter of 2014, according to a Eurostat newsrelease published today, falling 1.7% compared to the third quarter of 2013.
Latest News & Updates

Building permits down 2 per cent

The latest figures from the Cyprus Statistical Service report that the number of building permits issued in October 2014 stood at 446; a 2 per cent fall on the number issued in October 2013.
Latest News & Updates

Ayia Napa marina gets green light

Although contracts were signed two years ago, the Town Planning Department has just been given the go-ahead to issue a licence for the construction of the long-awaited Ayia Napa marina.
Latest News & Updates

Real estate prices expected to fall

Pundits in the real estate sector expect that property prices will continue to fall in 2015 but believe that interest from overseas buyers will continue due to incentives introduced by the government.
Latest News & Updates

Swimming pools law changes

A new law that will make a distinction between private and public swimming pools has been proposed by the Interior Ministry and a draft is currently being scrutinised by the Legal Service.
Latest News & Updates

Has Spain caught the Cyprus tax disease?

People who bought property in Spain are now facing the same problem as those who bought property in Cyprus as the Spanish tax department reassesses the duty payable o their purchase.
Latest News & Updates

Annual property sales up 20 per cent

For the first time since 2010 the number of property sales in Cyprus increased in 2014 compared to the previous year fuelling speculation amongst pundits that that this increase will continue in 2015.
Latest News & Updates

Overseas property sales falter

Although the number of properties sold in Cyprus in December 2014 improved over the number sold in December 2013, sales to the overseas property market declined for the second consecutive month.
Latest News & Updates

The unloved nature of foreclosed assets

At the end of Cyprus' 'Minsky Moment' banks will end up being the owners or economic owners of a sway of foreclosed assets ranging from individual plots of land to sizeable commercial assets.
Latest News & Updates

Non-performing loans at 49 per cent

Non-performing loans (NPLs) in the Cypriot financial system stood at 49% of total loans at the end of October 2014, from 48.5% in the previous month, according to data released by the Central Bank of Cyprus.
Latest News & Updates

Who are MPs trying to protect?

While the bun fight over the foreclosures law between the political parties continues, you really have to wonder who opposition MPs are trying to protect by delaying its implementation.
Latest News & Updates

It’s naïve to think politicians will get us out of this mess

As it was dishonourable and dishonest politicians who got us into this mess it's naïve to expect them to get us out of it; as they demonstrated when they voted to delay the foreclosures law.
Latest News & Updates

Our top 10 stories from Cyprus in 2014

Since the start of 2014 Cyprus Property News has attracted more than a million visitors and here is our list of the Top 10 stories that have attracted the most interest from our readers.
Latest News & Updates

Decline and fall of the demagogues

For a very long time Cyprus has suffered from 'sovereign corruption', but is the mould finally starting to crack as news of those once considered as demagogues are bought to justice.
Load more

Top Stories

Elsewhere in Cyprus Property News