Latest Headlines

Archive for July, 2013

Action against Cyprus

The European Commission has opened infringement proceedings against Cyprus regarding the application of EU Directives on unfair commercial practices and unfair contract terms.

Cypriot property Title Deeds (updated)

Daniel Hannan, MEP for South East England, has raised a question in the European Parliament to eradicate any doubt that Title Deeds issued as part of Cyprus’ bailout conditions will be unencumbered.

New Limassol marina is ‘a gem’

The Limassol marina project is expected to be completed by the end of the year, with an official opening taking place in spring of 2014; the first yachts were welcomed earlier this year.

Law of supply and demand will take care of prices

The law of demand and supply will take care of rental and sale prices of property much better than politicians would ever do. The market will adjust to the new economic conditions.

Playing the waiting game

She knew getting Title Deeds to a Cyprus home could take time, but little did Karen Guttridge know that it would take eight years, a sit-in and some shouting at the mayor before she would get them.

Prices falling for three and a half years

Since its introduction more than three and a half years ago, the RICS Cyprus Property Price Index has recorded a steady decline in the price of residential properties across the island.

Property price corrections are slow

Although property prices in Cyprus have fallen in recent times, the reductions are relatively small compared to the large price corrections that have taken place in other “memorandum” countries.

Millions owed by big names

A committee of inquiry has heard how unsecured loans were granted to some big names in the property development sector following pressure from high ranking executives in the Bank of Cyprus.

Severe property slump grips the island

The second quarter of 2013 saw property prices across Cyprus experience one of their sharpest falls in recent years as a consequence of decisions taken by the Eurogroup on 15th and 27th March.

Developers are the problem says bank chairman

The Bank of Cyprus is on a frontal attack with the big property developers, as its separation into a commercial and real estate bank aims to secure billions that were injected to the real estate sector.

Page 1 of 212

Back to top