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29th March 2024
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Yearly Archives: 2013

Oil found beneath gas deposits

Noble Energy surveys in the Eastern Mediterranean have revealed significant oil reserves in the Cyprus Block 12 beneath the natural gas deposits discovered two years ago; further exploration will follow.

Our top 10 stories from Cyprus in 2013

Since the start of the year Cyprus Property News has attracted more than 920,000 visitors and here is our list of the Top 10 stories that have attracted the most readers over the past 12 months.

Swiss Franc loan time bomb defused

The transition period provided for in the Statute of Limitation law that Cyprus introduced in 2012 and which was extended by six months in May has now been extended by a further 12 months.

Cyprus to remain in recession until 2017

Against a backdrop of shattered consumer and investor confidence, soaring unemployment, and a credit crunch, the Cypriot economy will remain in recession until 2017.

Cyprus Property News review of 2013

With the year coming to an end, we look back at the most significant events that have taken place over the past twelve months that have helped shape the Cyprus property market.

Property prices continue to fall in most areas

The third quarter of 2013 saw property prices fall across most of Cyprus with apartment and house values in Famagusta increasing marginally over the quarter giving hope that prices there may be stabilising.

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