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All reports tagged with: "Cyprus"

Housing loans highest in euro area

According to the European Central Bank, Cypriot banks charge the highest interest rates for housing loans in the euro area. The gap between the average housing loan in Cyprus and that of other countries in the euro area is 239 base points.

Building permit numbers up

From the CYSTAT figures it is impossible to say whether the number of homes being built in Cyprus is increasing or not. It is common knowledge that developers build properties illegally

UK updates travel advice

The UK Foreign & Commonwealth Office is advising Britons visiting Cyprus that “there are risks involved with purchasing property on the island of Cyprus” and that those contemplating buying property

Cyprus rent increase ceiling lowered

A decision by the Council of Ministers has lowered the ceiling on rent increases. The Cyprus Land and Property Owners Association (KSIA) said this was an unfair decision and one that the government had not discussed with the association.

Row erupts over Dolphin payout to Aristo

Dolphin Capital said it would pay €50 million in cash and the balance of €42.7 million through the issue of 133.1 million shares in Dolphin Capital to Aristodimou or his companies, based on an issue price of 30 pence a share.

Property tax revenues crash

The amount of Capital Gains Tax collected, the majority of which results from the sale of property, crashed to just €15.1 million from the €90.1 million collected during the same period last year; a drop of more than €75 million

Supreme Court rules town planning council illegal

The Court’s ruling has created chaos in the Cyprus property market causing prices to collapse in many areas.

In Cyprus size does matter!

An inspection of the holiday home by a professional, independent surveyor confirmed that its covered area was more than 15% smaller than its advertised size – this means it had been oversold and overvalued by a figure in excess of €30,000.

Cyprus offering too little too late for Ryanair

“The urgency being shown by competing countries doesn’t seem to be shared by Cyprus. We could have been flying tourists in before the crisis broke.”

Cyprus popularity declines with British holiday home buyers

Cyprus’ popularity amongst overseas property investors from Britain is in decline according to reports from the overseas property portal

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