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28th March 2024
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Yearly Archives: 2013

New home construction slips in April

The number of new homes for which building permits were issued in April fell by 20 per cent compared with the corresponding month last year according to the Cyprus Statistical Service.

Real estate bank a possibility

One of the options being considered for the future of the Bank of Cyprus is the establishment of an asset management company to take over problematic real estate loans and undertake their sale or rent to repay loans.

Help for cash-strapped homeowners

The government is preparing a scheme targeted at low income households who can no longer afford their mortgage repayments that will enable them to continue living in their homes.

Court rules eight banks overcharged on loans

A ruling by a Croatian court, which concluded that eight commercial banks had overcharged borrowers, may offer some hope for those who bought property in Cyprus using loans denominated in Swiss Francs.

Property sales keep falling (updated)

Property sales in June fell 51 per cent compared with June 2012 according to figures recently published by the Department of Lands and Surveys, with numbers falling in all districts across the island.

China Glory flirts with new plots

According to unnamed sources, the Hong Kong based conglomerate that acquired the Venus Rock Golf Resort in Paphos is considering buying plots of land in Limassol, Larnaca and Paphos.

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