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Monthly Archives: December, 2011

Joint venture in Nicosia to get underway

Earlier today bulldozers moved in to a military camp in Nicosia and started to demolish it in readiness for the re-development of the area in a joint venture between the Republic of Cyprus and Qatar.

Property prices under pressure

According to figures released by the European Central Bank on Tuesday, property prices in Cyprus fell by 4.9 percent during the first half of 2011, almost twice the fall experienced in 2010.

Top 10 stories from Cyprus Property News in 2011

The chart topper in our annual list of the most read articles published during the year brought news that the Alpha Bank had started legal proceedings against a number of developers and their clients.

Cyprus’ popularity slips two places

The popularity of Cyprus as a destination for overseas property investors slipped two places to the number nine spot in the November ‘Top of the Props’ chart published by TheMoveChannel.com.

Fitch places Cyprus on rating watch negative

Credit ratings agency Fitch has placed Belgium, Spain, Slovenia, Italy, Ireland and Cyprus on rating watch negative as it believes that a 'comprehensive solution' to the Eurozone crisis is technically and politically beyond reach.

Failure to pay property fine prompts liquidation order

Having been deemed as being unable to pay its debts, an order has been issued by the Famagusta district court for the winding up of K & M Famagusta Developers and Construction Ltd.

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