Latest Headlines
  • More Recent Reports

  • Ten years to reduce NPLs

    Ten years to reduce NPLs

    The Cyprus Central bank expects it will take up to 10 years for non-performing loans (NPLs) to drop to manageable levels at the current rate of economic growth, Chrystalla Georghadji told reporters on Friday...
  • Trapped buyers could lose their homes

    Trapped buyers could lose their homes

    The Limassol and Paphos District Courts in Cyprus have both ruled that the trapped buyers' law, which enabled those duped into buying property built on mortgaged land to get their Title Deeds, is unconstitutional...
  • Optimism in the construction sector

    Optimism in the construction sector

    The future of the island's construction sector is optimistic, but repeating the illegal and short-sighted practices of the past will have extremely negative consequences on everyone...
  • Property prices rising says RICS

    Property prices rising says RICS

    Cyprus property prices are continuing to rise, with significant increases in Larnaca, Limassol and Nicosia, according to the twenty-ninth edition of the RICS (Cyprus) Property Price Index...
  • Larnaca marina and port progressing

    Larnaca marina and port progressing

    The process of preselecting the successful bidder for the construction of the new Larnaca marina and port should be completed by the end of this week according to the Minister for Communications and Works...
  • BOC intends to sell restructured loans

    BOC intends to sell restructured loans

    The Bank of Cyprus intends to sell about €20 million worth of restructured non-performing loans of developers and construction companies to a small Cypriot bank according to reports...
  • Small drop in non-performing loans

    Small drop in non-performing loans

    Although non-performing loans had fallen by €180 million at the end of January compared to the previous month, as a percentage of total loans the figure remained the same at 47.2 per cent...
  • Imposing VAT on land sales

    Imposing VAT on land sales

    Cyprus is facing hefty fines from the European Commission if it does not impose VAT on land sales, but the imposition of VAT will have knock-on effects on the property market and the banks...
  • Loan deal for heat-proofing roofs

    Loan deal for heat-proofing roofs

    A special loan deal for heat-proofing roofs of up to €10,000 at 3 per cent interest is to be offered by the Co-operative Central Bank in collaboration with the employers' association (OEV)...
  • More new homes under construction

    More new homes under construction

    The number of new homes in Cyprus for which building permits have been issued rose by 22.8 per cent in February 2017 compared to the same period in the previous year according to the Cyprus Statistical Service...
  • Slight fall in property sales (Update)

    Slight fall in property sales (Update)

    The number of property sales in Cyprus fell slightly in April compared to the numbers sold in April 2016 with increases in Nicosia, Limassol and Paphos wiped out by falls in Larnaca and Paphos...
  • Bank lending systems stymie Cypriot buyers

    Bank lending systems stymie Cypriot buyers

    The Cyprus banks complicated lending procedures cause stagnation of property purchases by Cypriots according to the chairman of the Cyprus Real Estate Agents Association (SKEK)...
  • Bank contracts for buying property

    Bank contracts for buying property

    The Cyprus Parliament voted unanimously on Friday to adopt EU legislation on bank contracts for the purchase of property, which will provide consumers with a higher level of protection...
  • Zero rent increase - wrong decision

    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?..
  • Commercial court in 2018

    Commercial court in 2018

    In efforts to modernise the Cyprus justice system, a new Commercial court will be set up in early 2018 to deal with claims arising from contracts, company disputes, the purchase or sale of goods, etc...

Back to top