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All reports tagged with: "Cyprus"

Cyprus home prices fall 3.4 per cent

The Cyprus Statistical Service (CYSTAT) reported that the price of houses in Cyprus fell 3.4 per cent in the first quarter of 2016 in the first issue of its House Price Index issued earlier today.

April building permits up 30 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during April 2016 stood at 437 according to the Cyprus Statistical Service.

Over 306,000 to pay Immovable Property Tax

If the Cyprus parliament passes the proposed changes to Immovable Property Tax the government expects to collect €44.4 million from more than 306,000 taxpayers, while some 65,000 taxpayers will be exempt.

March building permits up 5 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during March 2016 stood at 485 according to the Cyprus Statistical Service.

Property sales recovery underway?

Property sales in Cyprus increased in April 2016 compared to the same period last year, according to official statistics published by the Department of Lands and Surveys, with sales up by 35 per cent.

Fitch affirms Cyprus at B+

Fitch Ratings has affirmed the long-term credit rating of Cyprus B+, with a positive outlook, but warned that “banks remain fundamentally weak and pose an ongoing risk to the economy and public finances.”

Cyprus house prices fall

House prices in Cyprus fell marginally in the fourth quarter of 2015 compared with the fourth quarter of 2014, but by more than 4 per cent compared with the previous quarter according to a Eurostat news release.

Building permits fall in January

Although the number and value of building permits authorised in January fell compared to January 2015, the number of permits authorised for the construction of new homes rose according to the Cyprus Statistical Service.

Property sales surge (Update)

Property sales in Cyprus rose significantly during February 2016 compared to the same period last year according to official statistics published by the Department of Lands and Surveys earlier this month.

Crocodile park permit allegation

Political pressure was brought to bear on the Cyprus Environment Department to allow the operation of a crocodile theme park in the area of Psematismenos, Larnaca according to Green Party chairman Giorgos Perdikis.

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