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25th April 2024
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Yearly Archives: 2017

News

Optimism in the construction sector

Angelos Anastasiou -
The future of the island's construction sector is optimistic, but repeating the illegal and short-sighted practices of the past will have extremely negative consequences on everyone.
News

Property prices rising says RICS

Nigel Howarth -
Cyprus property prices are continuing to rise, with significant increases in Larnaca, Limassol and Nicosia, according to the twenty-ninth edition of the RICS (Cyprus) Property Price Index.
Marinas

Larnaca marina and port progressing

Nigel Howarth -
The process of preselecting the successful bidder for the construction of the new Larnaca marina and port should be completed by the end of this week according to the Minister for Communications and Works.
News

BOC intends to sell restructured loans

Stelios Orphanides -
The Bank of Cyprus intends to sell about €20 million worth of restructured non-performing loans of developers and construction companies to a small Cypriot bank according to reports.
News

Small drop in non-performing loans

Cyprus News Agency -
Although non-performing loans had fallen by €180 million at the end of January compared to the previous month, as a percentage of total loans the figure remained the same at 47.2 per cent.
Legal Matters

Imposing VAT on land sales

Elias Hazou -
Cyprus is facing hefty fines from the European Commission if it does not impose VAT on land sales, but the imposition of VAT will have knock-on effects on the property market and the banks.

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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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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