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All reports tagged with: "Cyprus"

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 […]

Thousands of Cyprus property workers face job losses

AS MANY as 3,000 construction workers in Paphos could lose their jobs in the coming months if there is no turnaround in the real-estate slump, a survey of companies in the area has found. The survey was carried out by ACMA Consultants on behalf of the Paphos Building Contractors Association. It found that out of […]

Cyprus property sales down 50 per cent

PETER Paradisos, the marketing manager for Maispa Developers said property prices in Cyprus were falling steeply even though he didn’t have any official figures as yet. “I would say enquires and sales are down by 50 per cent. If you’re a good salesman you can close a deal on most enquiries, but if they aren’t […]

Government resolved to speed up golf course construction

EAGER to boost a weakened construction sector, the Cyprus government is trying to speed up the process of issuing licences for golf courses and the housing projects that accompany them. The details of this ‘speed-up plan’ are currently before the Minister of Commerce Antonis Pashalides, ahead of a decision by the Council of Ministers. For […]

British pensioners in Cyprus feel the squeeze

THE GLOBAL economic downturn and the collapse of the British pound are having an enormous impact on the retired population of Brits in Paphos. David Cornthwaite, the Chairman of the UKCA in Paphos told the Sunday Mail that the biggest topic of conversation among expats at the moment is the financial crisis. “The government of […]

Cyprus lawyer at centre of protest replies

FOTOS PITTADJIS, the lawyer at the centre of yesterday’s peaceful protest in Paphos, has given his side of the story concerning allegations made against him to the Cyprus Mail. In an article by Bejay Browne in today’s paper, he said: “I have heard about this demo, and I must say I find it offensive and […]

Cyprus protesters take to the streets

Earlier today a group of around 100 Cypriots and expatriates mounted a peaceful protest outside the new Paphos offices of the law firm Fotos Pittadjis.

Credit crunch drives ex-pats home

PENSIONERS who moved to a dream life in Cyprus say they are being left financially crippled by the pound’s slide against the Euro and many are considering moving back home. And, if anyone knows how the credit crunch, weak pound and how increased prices have affected ex-pats in Cyprus, it’s Bob Winter, who for almost […]

Cyprus (Larnaca) feature in British Airways magazine

THE December 2008 issue of the British Airways magazine ‘Business Life’ featured an article about property in Cyprus. Written by Alexander Garrett, ‘Larnaca at large’ told how the town is pressing its case to be considered by anyone planning a home in the Eastern Mediterranean. Readers of this Magazine will know that plans to encourage […]

Further property questions asked in UK House of Lords

THE BRITISH House of Lords is seeking further clarification from the UK Government on how it intends to ensure that the Cyprus Government resolves the long-standing Title Deed issues that are affecting thousands of British citizens who have bought property on the island. In answers to earlier written questions tabled by Lord Jones of Cheltenham, […]

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