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18th April 2024
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Yearly Archives: 2017

Investment

Cyprus 7th in citizenship by investment

Angelos Anastasiou -
Cyprus has emerged as one of the most popular jurisdictions for EU and non-EU nationals in the Citizenship by Investment Index, published by Financial Times group's Professional Wealth Management.
News

New homes construction surges

Nigel Howarth -
The number of new homes in Cyprus for which building permits have been issued surged by 52.5 per cent in May 2017 compared to the same period in the previous year according to the Cyprus Statistical Service.
Legal Matters

Bank of Cyprus fined €170,000

Staff Reporter -
The Bank of Cyprus has been hit with a €170,000 administrative fine by the Office of Competition and Consumer Protection (CCPS) following its investigation into the bank's commercial practices relating to mortgage loans.
News

Cyprus property sales up 18% in July

Nigel Howarth -
Property sales in Cyprus rose 18 per cent in July compared with July 2016 with sales increasing in all districts (with the exception of Larnaca) according to official figures from the Department of Lands and Surveys.
Investment

Limassol rents skyrocket

Andria Kades -
Demand for rental properties in Limassol has grown in recent years as local buyers have difficulty in obtaining home loans due to the banks' stringent loan conditions and because it attracts plenty of foreign businessmen.
Investment

Bank of Cyprus must sell NPLs

Cyprus News Agency -
The Bank of Cyprus must include the sale of non-performing loans (NPLs) in its toolkit if it is to achieve its ambitious target to halve their ratio to 20 per cent by 2019 says Moody's Rating Agency.

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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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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

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