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29th March 2024
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Monthly Archives: April, 2009

Stagnant construction & property sector

Cyprus is not Europe. In many European countries the situation is bleak as activity and prices have plunged to levels that leave little room for hope.

Cyprus rent increase ceiling lowered

A decision by the Council of Ministers has lowered the ceiling on rent increases. The Cyprus Land and Property Owners Association (KSIA) said this was an unfair decision and one that the government had not discussed with the association.

Row erupts over Dolphin payout to Aristo

Dolphin Capital said it would pay €50 million in cash and the balance of €42.7 million through the issue of 133.1 million shares in Dolphin Capital to Aristodimou or his companies, based on an issue price of 30 pence a share.

Property tax revenues crash

The amount of Capital Gains Tax collected, the majority of which results from the sale of property, crashed to just €15.1 million from the €90.1 million collected during the same period last year; a drop of more than €75 million

Home prices in Cyprus fall

THE latest BuySell Home Price Index indicates that the average price of a property in Cyprus fell during the first quarter of 2009. However, the BuySell figures conflict

Supreme Court rules town planning council illegal

The Court's ruling has created chaos in the Cyprus property market causing prices to collapse in many areas.

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