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All reports tagged with: "cut"

Market stagnant despite price cuts

The global recession, the Title Deed fiasco, greed, stricter bank lending criteria and high interest rates blamed for stagnant property market as plummeting house prices fail to ignite sales.

Fitch cuts Cyprus rating on exposure to Greek debt

Fitch ratings agency has cut Cyprus’ sovereign credit rating from AA- to A- and is warning of another possible downgrade because of its banking sector’s large exposure to debt-laden Greece.

Britain to review Cyprus military bases

Britain will review its military bases in Cyprus as it seeks to extract maximum value from a shrinking defence budget, Defence Secretary Liam Fox said in a statement to the UK parliament on Tuesday.

Cyprus economy downgraded again

Standard and Poor’s has downgraded Cyprus’ sovereign credit rating by one notch and set the outlook as ‘negative’ as a result of the Island’s significant exposure to Greece.

Moody’s downgrades Cyprus rating two notches

Yesterday Moody’s Investors Service downgraded Cyprus government bond ratings by two notches to A2 from Aa3, reflecting its view of the country’s weakening medium-term credit fundamentals.

Price cuts fail to attract foreigners to Cyprus

Price cuts of up to 30 percent being offered by some developers are failing to attract foreign property buyers to Cyprus following negative publicity and government inaction.

Heavy January rains bring relief from water cuts

Michalis Polynikis, the Cyprus Agriculture Minister, has announced that water cuts will be lifted from today as a result of January’s heavy rains.

Cypriot developers must address issues to compete internationally

To compete in the international property market, Cypriot developers must address issues such as escrow deposits, Title Deeds, planning and bank guarantees.

Cyprus government urged to cut property taxes

The government of Cyprus has been urged to cut property taxes by the Land and Building Developers Association to help breath some life into the island’s beleaguered real estate market.

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