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  • Mixed signals from Moody's

    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 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...
  • New homes construction surges

    New homes construction surges

    The number of new homes in Cyprus for which building permits have been issued surged by 52.5 per cent in May 2017 compared to the same period in the previous year according to the Cyprus Statistical Service...
  • Bank of Cyprus fined €170,000

    Bank of Cyprus fined €170,000

    The Bank of Cyprus has been hit with a €170,000 administrative fine by the Office of Competition and Consumer Protection (CCPS) following its investigation into the bank's commercial practices relating to mortgage loans...
  • Cyprus property sales up 18% in July

    Cyprus property sales up 18% in July

    Property sales in Cyprus rose 18 per cent in July compared with July 2016 with sales increasing in all districts (with the exception of Larnaca) according to official figures from the Department of Lands and Surveys...
  • Limassol rents skyrocket

    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

    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...
  • Local property tax set to change

    Local property tax set to change

    Some will pay more and some will pay less local property taxes in Cyprus this year as charges will be assessed on 2013 property valuations rather than those of 1980 in efforts to provide a fairer taxation system...
  • Cyprus home prices fall 1.4 per cent

    Cyprus home prices fall 1.4 per cent

    Although a quarterly fall of 1.4 per cent in Cyprus home prices was recorded during the first quarter of 2017, prices rose 4.1 per cent on an annual basis according to a press release from the Cyprus Statistical Service (CYSTAT)..
  • Banks helped by increased building permits

    Banks helped by increased building permits

    Although Cypriot banks continue to face significant asset quality challenges, a sustained increase in demand for building permits would improve their asset quality says ratings agency Moody's...
  • Cyprus real estate market review

    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. ..
  • Pissouri homeowners still in limbo

    Pissouri homeowners still in limbo

    Property owners in the Limnes (lakes) area of Pissouri are still in limbo despite the previous Cyprus Interior Minister promise to pay for the mess, which at that time was estimated at up to €20 million...
  • Vote imposing VAT on land sales postponed

    Vote imposing VAT on land sales postponed

    A vote by the Cyprus government on a bill to impose 19 percent VAT on land sales (building and development plots) has been postponed until September; the draft bill will be sent to the EC...
  • New home building permits up 44%

    New home building permits up 44%

    The number of new homes in Cyprus for which building permits have been issued rose by 43.8 per cent in April 2017 compared to the same period in the previous year according to the Cyprus Statistical Service...
  • Ten years to clear Title Deed backlog

    Ten years to clear Title Deed backlog

    At the current rate of Title Deed issuance it would take approximately ten years to address the backlog according to the spring 2017 issue of the European Commission's Post-Programme Surveillance Report on Cyprus...
  • Limassol upcoming skyline fears

    Limassol upcoming skyline fears

    Limassol's construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape, but it seems that the problems are far more serious...
  • June property sales up 28 per cent

    June property sales up 28 per cent

    The number of properties sold in Cyprus during June rose 28 per cent compared to June 2016 with sales increasing in all districts with the exception of Larnaca according to official figures...

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