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Construction slowdown continues

The slowdown in the island's construction sector persists with the number of building permits issued in Cyprus continuing to fall in September, according to official statistics.
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November property sales fall

The number of property sales in Cyprus fell in November according to the Department of Lands and Surveys with sales declining in both the domestic and overseas markets compared to November last year.
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Statute of Limitations Law extension

The transition period for the Statute of Limitations Law that Cyprus introduced in 2012 was extended until 31 December 2014 may be extended by a further 6 months or possibly 12 months.
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Financial dispute mediation

Authorities will start accepting applications for the appointment of mediators in financial disputes from Friday, the agency tasked with the resolution of those disputes said on Tuesday.
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Increasing transparency in the Cyprus property market

The Cyprus Economic Intelligence (CEI), which provides a centralised databank that collects, analyses and displays information on the island's property market, has been launched.
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Cyprus property sales continue to rise

Property sales in Cyprus continued to increase during October in both the domestic and overseas markets, according to the latest statistics from the Department of Lands and Surveys.
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Construction sector in the doldrums

With the number of building permits issued in Cyprus continuing to fall in August, the island's construction sector remains firmly in the doldrums with no signs of a recovery in the foreseeable future.
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Title Deed problems lecture Paphos

A free lecture on the subject of efforts being made to accelerate the issuance of Title Deeds will be held in Paphos on 4th December; the lecture will be followed by an open discussion.
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Mass repossessions unlikely

Following decisions concerning the foreclosures law rumours have been circulating that banks in Cyprus will soon start mass repossessions and selling properties to recover money they are owed.
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Property prices up to 9.6 per cent down

Property prices in Cyprus fell by up to 9.6 per cent year-on-year during the third quarter of 2014, according to the twentieth publication of the RICS Cyprus Property Price Index, with falls continuing in many parts of the island.
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Lessons from Cyprus economic crash

Researchers from Imperial College Business School and the University of Cyprus carried out an in-depth analysis of why Cyprus needed to be bailed out to explore what lessons could be learnt from the crisis.
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What is a floating charge?

Land Registry searches in Cyprus occasionally reveal floating charges/mortgages as encumbrances lodged against the title of a property; in this article Dr George Mountis explains.
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Standard & Poor’s raises Cyprus credit rating

Ratings agency Standard & Poor's has raised Cyprus long-term ratings to 'B+' and affirmed the short-term foreign and local currency ratings at 'B' on strong budgetary performance; the outlook is stable.
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Thirty companies owe €100m in VAT

The Greek language newspaper Politis has published the names of thirty companies who together owe the more than €100 million in VAT most of whom have challenged all or part of the debt.
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Cyprus building permits down 14 per cent

The number of building permits issued in Cyprus during July fell 14 per cent compared with the corresponding month of last year, while the number of new homes being built fell 39 per cent.
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Non-performing loans €27.90 billion

Non-performing loans (NPLs) in the Cypriot financial system fell from €27.95 billion in July to €27.90 billion in August, approximately 175 per cent of Cyprus GDP according to the Cyprus Central Bank.
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No foreclosure law no money

Eurogroup President Jeroen Dijsselbloem told a news conference that putting legislation in place to deal with the high level of non-performing loans (NPLs) is essential for Cyprus to return to financial health.
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Encouraging property sales

The number of property sales in Cyprus increased for the seventh consecutive month in September compared to last year with sales up in both the domestic and the overseas markets.
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Immovable Property Tax payment and collections

Around 76,800 people have paid their Immovable Property Tax this year according to official statistics, but the majority of those who have paid their tax appear to be the owners of modest properties.
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A vicious circle of deceit

Unfortunately, our children will also have to pay for those who brought the country down by their lies and deceit. But rather than glorify them as eternal heroes, they will refer to them as vermin.
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