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  • Non-performing loans (NPLs) initiative

    Non-performing loans (NPLs) initiative

    Following comments from the troika on the extremely high levels of non-performing loans (NPLs) the Cyprus government is preparing proposals to improve the insolvency and foreclosure laws...
  • Limassol rent rises spiral upwards

    Limassol rent rises spiral upwards

    Property rents in Limassol have increased by around 25 per cent over the past two years, much higher than other cities in Cyprus resulting in many locals being priced out of the market...
  • Cyprus property revaluations underway

    Cyprus property revaluations underway

    Cyprus properties are being revalued by the Department of Lands and Surveys to reflect their 2018 values; the revaluation exercise was announced by DLS Director Andreas Sokratous earlier today. ..
  • Cyprus construction NPLs highest in Europe

    Cyprus construction NPLs highest in Europe

    The percentage of non-performing loans (NPLs) linked to the Cyprus construction industry are the highest in Europe according to a press release issued by the European Banking Authority...
  • Sea caves destruction blocked

    Sea caves destruction blocked

    The Cyprus Minister of Agriculture has blocked the building permit for the construction of a five-star hotel, residences and villas with swimming pools located next to the sea caves area in Pegeia by Korantina Homes Ltd...
  • Call to reduce non-performing loans

    Call to reduce non-performing loans

    The International Monetary Fund (IMF) has called on the Cypriot authorities to amend the foreclosures and insolvency laws to tackle the very high level of non-performing loans (NPLs). ..

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