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Cyprus sale achieves €8.8 million

Brave property investors exchanged shares valued at €8.8 million for Cyprus holiday homes. Although somewhat less than the sales target of €50 million, Dolphin MD declared the shares-for-property swap programme a success.

Qatari investment deal collapses

It seems that the Qatari plans to invest in the development of a €500 million mixed-use real estate project in Nicosia may have collapsed

September start for Limassol marina

According to the Mayor of Limassol, Andreas Christou “The construction of the Limassol Marina is of national importance to Cyprus as it will benefit the city’s trade and economy”.

Bank of Cyprus to cut mortgage rate

The Bank of Cyprus will cut its base mortgage rate by 1% in early June, bringing it down to 4.25%. However, overseas property investors may not benefit from the rate cut as it will only apply to mortgages

How to avoid buying into a bubble

It is very important how to work out what a property is actually worth, from a fundamental perspective. The Global Property Guide has written this article to help ensure you’re not over-paying!

Housing loans highest in euro area

According to the European Central Bank, Cypriot banks charge the highest interest rates for housing loans in the euro area. The gap between the average housing loan in Cyprus and that of other countries in the euro area is 239 base points.

Developers hope for 2010 recovery

Property developers are optimistic that the real estate sector will recover from the economic crisis in 2010, provided the necessary measures are taken by the government.

Property market recovery in 2012?

More than 60 percent of those who voted in a recent mini-poll conducted by the Cyprus Property Magazine believe that the property market will not recover until 2012 or later

Limassol marina runs aground

Plans for the new Limassol marina have run aground according to the town’s mayor Andreas Christou. It seems that the project, which is expected to cost around €170 million, is having difficulty raising the necessary funding.

Cyprus marina developments stalled by bureaucracy

Although more than 20 years have passed since initial studies into the five big marina projects in Cyprus were undertaken, work on their construction has yet to begin.

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