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Monthly Archives: October, 2012

News

Construction decline second highest in EU

David Crowther -
Construction activity in Cyprus saw the second highest decline in the European Union during the second quarter of 2012 after Greece according to figures published earlier today by Eurostat.
Investment

Chinese airport deal a dead duck

Elias Hazou -
It is unlikely that the 600 million Euro investment by Far Eastern Phoenix to convert Larnaca's old airport into a large commercial showroom for Chinese products and a logistics centre will go ahead.
Investment

Property sector will act as a further drag

Editorial -
The island's property sector may be more of a problem for the economy than initially thought as, during the boom years, banks lent considerable amounts of money to property development and housing.
Articles

Vanishing Cyprus: banks bailout – the big lie!

Andreas Chrysafis -
One day, it may be necessary for Cyprus to pull out of the euro to regain its social and economic independence as the "one-size-fits-all" policy has not worked for most EU member states.
Legal Matters

Property law loophole losing tax revenue millions

Nigel Howarth -
Everyone knows that there are massive loopholes in the island's antediluvian property laws. Shouldn't these be plugged before the banks start selling off people's homes as demanded by troika?
Articles

Credible counter proposal needed on bank seizures

Editorial -
The government must formulate a credible counter-proposal, aimed at providing a safety net for genuinely hard-up, house-owners as well as those who have paid for their properties and have no title deeds.

Top Stories

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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