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16th April 2024
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News

Affordable housing units to bring down prices and rents

Developers in Cyprus have welcomed the Cabinet's approval of a set of incentives for the construction of affordable housing...
Articles

Why Cyprus Must Change its VAT policy on homes

Inspired by Greece's success, there's a proposal to fully suspend VAT on houses in Cyprus, mirroring Greece's 0% VAT...
Legal Matters

EU rejects proposed VAT cut

The European Commission disagreed with parliament’s compromise proposal over reduced VAT on homes, deputies at the House finance committee...
Legal Matters

House U-turn on first homes VAT deal

Cypriot MPs made a U-turn over a compromise on reduced VAT for smaller first homes, backed by the European...
News

NPLs fell by €3.86 billion in 2020

Non-performing loans (NPLs) in the Cyprus banking system dropped to €5.11 billion at the end of 2020; a fall...
Non-Performing Loans

Bad bank would reduce debt mountain

Economists have welcomed the idea of creating a state-owned bad bank to help the banking system offload toxic loans...
News

Cyprus running out of time to reduce NPLs

Pressure is mounting on the Cyprus banks to reduce non-performing loans (NPLs) and proposals put forward by the Finance Ministry could also fix areas in the law affecting the issue of title deeds from indebted developers.
News

Reduce non-performing loans by 40% in 2018

The Finance Ministry's 'Stability Programme 2018 – 2021' outlines a three-pronged strategy to address the high levels of non-performing loans (NPLs) in the banking sector that pose a risk to the economy.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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