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Cyprus slips in property chart

Cyprus has dropped out of the top 10 of the July edition of the TheMoveChannel.com’s Top of the Props chart, which records the most searched for overseas destinations to buy property.

Mixed signals from Moody’s

In two recent reports Moody’s said that banks will benefit from increased loan demand but warned that lack lustre performance in loan restructuring is a credit negative and that overall improvement in asset quality to date has been “lethargic”.

Cyprus 7th in citizenship by investment

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.

Limassol rents skyrocket

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.

Bank of Cyprus must sell NPLs

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.

Cyprus real estate market review

PwC (Cyprus) has published “Cyprus Real Estate Market – 2016 Year in Review”, which provides a general overview of the Cyprus property sector based on authoritative market data.

Russian and Arab investors developing land

Russian and Arab investors are buying and developing land in Cyprus with Limassol being their first option according to Marinos Kynegirou, the Chairman of the Cyprus Real Estate Agents Association.

Golden Visa Program raises €4 billion

The Cyprus Golden Visa Program, which enables non-EU citizens to purchase Cypriot passports and residency permits by investing money in property and other sectors, has raised €4 billion.

Zero rent increase – wrong decision

How will foreign investors invited to put money into the Cyprus property sector interpret the decision by the Government’s Council of Ministers that there will be no rent increases until 2019?

Cyprus attracting more overseas interest

Overseas interest in the Cyprus property market strengthened in March to become the sixth most sought after destination in the Top of the Props index published by TheMoveChannel.com.

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