Cyprus Property News Magazine

Latest news on what’s happening in the Cyprus property market

Thursday 8th January, 2009

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Articles by David Crowther

Cyprus property loans surge

ACCORDING to figures released on Tuesday, property loans have surged by 33%. The loan portfolios of the Cyprus banks grew by 34.86% in August compared with 35.24% in July and 21.9% in August 2007. Loans totalling €49.8 billon were granted […]

Published on: 2nd October, 2008 | Continued

Prices fall marginally in second quarter 2008

Property prices in Cyprus, hold on to their levels during the second quarter of the year, despite worsening global and local economic conditions. From April to June 2008, the BuySell Home Price Index recorded a marginal decrease of 0.4% compared […]

Published on: 17th July, 2008 | Continued

Bank tightens credit risk rules

Later this month, it is anticipated that the Central Bank of Cyprus will issue ‘guidelines’ requiring the commercial banks to better manage credit risk. (In an earlier article, “The Property Bubble“, Dr Alan Waring reported that the executives of one […]

Published on: 10th July, 2008 | Continued

Tax revenues plummet as property boom ends

THE Cyprus Inland Revenue Department has released details of total tax revenues collected during the first 5 months of 2008. Overall revenues stood at € 651.6 million, an increase of 1.1% on the €644.8 million collected during the same period […]

Published on: 17th June, 2008 | Continued

Misleading property advertisements

MANY people have been duped into buying property in Cyprus through the use of misleading advertising.

Much of this makes outrageous and totally unsubstantiated claims regarding the performance of property investments. For example, marketing literature produced by one registered Estate Agent […]

Published on: 3rd June, 2008 | Continued