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Reports written by Nigel Howarth

Moderate property price rises continue

The increases in residential property prices remain moderate reports the Cyprus Central Bank in its Property Price Index for the second quarter of 2018, which was published yesterday.

Cyprus property prices rising

The RICS Cyprus Property Price Index for first quarter of 2018 reports that residential prices for houses and apartments increased by 1.3% and 2.9% respectively on a quarterly basis.

632 new homes in July

The number of building permits for the construction of new homes in Cyprus rose 32.8 per cent in July 2018 compared to the corresponding month last year providing for the construction of 632 new homes.

Cyprus ‘Golden Visa’ scheme poses high risk

Three European countries (Cyprus, Malta and Monaco) are amongst the twenty-one countries whose residence and citizenship by investment schemes potentially pose a high-risk says OECD.

Continuing rise in property sales (Update)

The number of property sales in Cyprus continued to rise in September with the number of sales contracts deposited at Land Registry Offices across the Republic up 14 per cent compared with September 2017.

Cyprus house prices rise 0.6 per cent

The Cyprus house price index (HPI) rose by 0.6 per cent in the second quarter of 2018 and by 1.2 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).

ETEK call to rehome Pissouri families

The Scientific and Technical Chamber of Cyprus (ETEK) has called on the Government to rehome the families in Pissouri whose homes suffered considerable damage by the on-going landslide.

Flood of foreclosure letters

Phileleftheros reports that during the second quarter of 2018 banks sent almost double the number of letters warning borrowers that they intend to foreclose compared to the first quarter.

Lawyers minimum fees in the bin

The Cyprus Bar Association has been forced to repeal rules that required lawyers to charge prescribed minimum fees for their out-of-court work rather than competing against each other on price.

S&P raises Cyprus credit rating to BBB-

Cyprus got its investment credit worthiness back on Friday as Standard & Poor’s raised the country’s credit rating from BB+ to BBB- with a stable outlook, five years after the financial collapse.

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