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All reports tagged with: "financial crisis"
Another annus horribilis for Cyprus in 2010
Over the past week, a number of articles have appeared in the Cyprus media that have set alarm bells ringing for what 2010 has in store for the property sector and the Island’s economy.
Demonstrations against Cyprus banks
CPAG is organising a series of demonstrations in efforts to force the banks in Cyprus to disclose details of mortgages taken out by property developers to those homebuyers who have been duped into buying mortgaged property.
Title Deed problems tarnishing Cyprus says minister
At the recent real estate conference the Cyprus Interior Minister, Neoclis Sylikiotis, said the failure to process 130,000 title deeds snared in the system was tarnishing Cyprus’ reputation among foreign investors.
HELP – I can’t pay the mortgage!
The worst thing you can do is bury your head in the sand and hope that the problem will somehow go away; it will not. The first thing you must do is discuss the problem with the bank that loaned the money
How to avoid buying into a bubble
It is very important how to work out what a property is actually worth, from a fundamental perspective. The Global Property Guide has written this article to help ensure you’re not over-paying!
Limassol marina runs aground
Plans for the new Limassol marina have run aground according to the town’s mayor Andreas Christou. It seems that the project, which is expected to cost around €170 million, is having difficulty raising the necessary funding.
Stagnant construction & property sector
Cyprus is not Europe. In many European countries the situation is bleak as activity and prices have plunged to levels that leave little room for hope.
Review of global property trends in 2008
The collapse of the world’s housing markets in 2008 can be seen from three points of view, and unfortunately, all of them reinforce the bad news.
Sales of Cyprus property plummet
Developers and real estate agents are bracing themselves for one of their worst years in history following the news that Cyprus property sales are continuing to plummet
Property supply outstrips demand
20,000 properties remain unsold and a large number of others remain unfinished due to the dramatic decline in sales and worsening market conditions.
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.
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