Latest Headlines

Archive for 2017

Manhattan skyline for Limassol?

Numerous high-rise buildings, comprising commercial and residential properties, are set to dominate the skyline of Limassol; several are already under construction others are in the pipeline.

Chinese investors boost construction sector

Purchases by Chinese investors in Cyprus property have contributed to the recovery of the island’s construction sector according to the president of Cyprus Association of Valuers and Property Consultants.

Sharp rise in new homes construction

The number of new homes in Cyprus for which building permits have been issued rose by 56.8 per cent in January 2017 compared to the same period in the previous year according to the Cyprus Statistical Service.

Cyprus house prices up

House prices in Cyprus rose by 2.8 per cent in the fourth quarter of 2016 compared with the fourth quarter in 2015 according to the House Price Index published earlier today by Eurostat.

Property sales improve in March

Following February’s fall in property sales, the numbers sold in Cyprus during March compared to March 2016 improved in three of the five districts according to official statistics from the Department of Lands and Surveys.

One sixth of properties not registered

Around one sixth of the 1.2 million properties in Cyprus were not registered with the Department of Lands and Surveys until the authorities carried out a revaluation exercise as part of the island’s bailout agreement.

Cyprus needs to accelerate debt reduction

The International Monetary Fund (IMF) has called on Cyprus to speed up reductions in public and private debt to rebuild confidence and deliver balanced, sustainable growth, and support balance sheet repair.

Cyprus: NPLs remain “very high”

Following the second post-programme surveillance mission to Cyprus, the European Commission and the European Central Bank reports that NPLs remain “very high” and that “reform momentum has weakened noticeably.”

Red light for Limni golf courses

The European Commission has but the brakes on the controversial Limni golf project following a caution from the EU in 2015 and a request for a conservation study to be commissioned into the effects of the project and surrounding areas.

IMF to visit Cyprus

A delegation from the International Monetary Fund (IMF) will visit Cyprus next week for talks to evaluate the economy of the country following the island’s successful conclusion of its economic adjustment programme.

Back to top