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Cyprus property boom ends as weak pound scares away U.K. buyers

The weak pound will result in British buyers of second-home in Cyprus keeping their money in their wallets for the next two years or so.

Sales of property in Cyprus nose-dive

The number of properties being sold in Cyprus has nose-dived in recent months following the latest phase of the global financial crisis.

Developers optimistic Limassol marina will start soon

Despite recent reports of funding problems, the Cypriot company set up to deliver the Limassol marina remains confident that everything will run smoothly.

Cyprus golf courses get the go ahead

In the face of much opposition, the cabinet has finally approved the creation of fourteen new golf courses in Cyprus, but they will have to provide their own water.

Misrepresented property and conflicts of interest

What can you do if the property you bought is significantly different to the plans you were shown and your lawyer appears to have a conflict of interest?

Low cost property developments in Cyprus

The Cyprus Land Development Corporation is planning to build 500 additional low cost properties in Cyprus and to buy land from property developers.

What about the Ayia Napa golf course and marina?

Governments have focused their attentions on the West coast of Cyprus with infrastructure, golf courses and marinas while the East coast has been left to struggle on.

Russian roulette in Cyprus

I WAS deeply concerned to hear the news about the latest ‘brainwave’ for a theme park in Larnaca area, especially because of who is supposedly financing it. After having personal experience of working and living in Russia for 6 months in 2005/6, the persistent ‘brown-nosing’ of Russians for their capital now seems to have extended […]

Cyprus banks under stronger liquidity pressures

THE liquidity pressures that the banks in Cyprus face have become stronger and stronger lately; according to latest Central Bank data, they continue to lose deposits and increase their loan portfolios. In December, the banks granted loans of 549 million euro, a quite small amount compared to other months but they lost deposits of 683 […]

Cyprus Housing Finance Corporation hit by global crisis

THE CYPRUS HOUSING Finance Corporation (HFC) has asked the Finance Minister to inform him on his plans to deal with the difficulties in the Cyprus banking system. The HFC is especially worried about what the government plans to do, especially since state funding towards banks was stopped and interest rates have increased due to the […]

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