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  • Better year for property sales

    Better year for property sales

    Following the 20 per cent increase in sales in 2014, Cyprus property sales rose by 9 per cent in 2015 according to the latest official statistics published by the Department of Lands and Surveys.

  • Property market review & expectations for 2016

    Property market review & expectations for 2016

    Transaction volume in the property market will remain at low levels throughout 2016 with prices of prime assets bottoming out during the first half of the year, with demand for secondary assets almost non-existent.

  • Limitations law amendment (updated)

    Limitations law amendment (updated)

    Amendments to the Statute of Limitations Law have been published in the Cyprus Gazette and will be welcomed by anyone wishing to issue legal proceedings against another party.

  • More Recent Reports

  • Hammer time for foreclosures

    Hammer time for foreclosures

    Around 3,000 foreclosures have been pending at Land registries and thirty auctioneers are polishing their hammers to begin auctioning commercial buildings, holiday homes, and land owned by large debtors...
  • Bank lending criteria to be relaxed

    Bank lending criteria to be relaxed

    Under a new draft Cyprus Central Bank directive to be discussed between the Central Bank and financial institutions lending criteria will be reformed, including the procedures for financing real estate mortgages...
  • Cyprus bailout success likely

    Cyprus bailout success likely

    Cyprus is likely to successfully complete its bailout programme and receive the last tranche of international aid by the end of March, a senior euro zone official said on Wednesday...

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