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Cyprus Central Bank: home prices rising

The Cyprus Central Bank’s ‘Residential Property Price Index’ reports that home prices in Cyprus rose 0.3 per cent during the first quarter of 2017 compared to the previous three months; the third consecutive quarterly increase.

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”.

Property prices rising says Central Bank

Cyprus property prices rose by 0.3 per cent over the fourth quarter of 2016 but fell 0.9 per cent over the year according to the Residential Property Price Index published by the Cyprus Central Bank.

Marginal rise in property prices

Cyprus property prices rose marginally during the third quarter of 2016 for the first time since the end of 2009 according to the Residential Property Price Index published by the Cyprus Central Bank.

Falling home prices

The Cyprus Central Bank has reported that home prices continued to fall during the second quarter of 2016 by an average of 0.6 per cent for houses and 0.2 per cent for apartments.

Cyprus Central Bank home prices Q1 2016

The Cyprus Central Bank has published its residential home price indexes for the first quarter of 2016 recording a fall in house prices over the quarter of 1.3 per cent and a rise in apartment prices of 0.6 per cent.

Bank lending criteria to be relaxed

Under a new draft Cyprus Central Bank directive to be discussed between the Central Bank and financial institutions lending criteria will be reformed, including the procedures for financing real estate mortgages.

Central Bank must do more to solve NPL problem

The Central Bank of Cyprus (CBC) must push for a greater volume and quality of loan restructurings in addition to halting the creation of new non-performing exposures, for which it has implemented a framework of objectives.

Price falls at very low levels

The Cyprus Central Bank’s Residential Property Price Index for quarter 3 2015 reports that the decline in the general housing price index (houses and apartments) fell by 0.3 per cent over the quarter.

New plans for Swiss Franc loans

Banks are to put forward new plans to the Cyprus Central Bank for regulating Swiss Franc loans according to a representative from the Cyprus Central Bank speaking at a Parliamentary Committee on Finance.

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