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Archive for February, 2009

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.

Will Ryanair fly to Cyprus this year?

The budget airline Ryanair is interested in flying to Cyprus but has yet to be approached officially by the island’s tourism authorities.

Cyprus Title Deeds: Miliband waits for action

British Foreign Secretary David Miliband and Chancellor Alistair Darling have been in communication regarding the ongoing Cyprus Title Deed saga

UK Govt taking keen interest in Cyprus property issues

Britain is taking a very close interest in the progress being made by the Cyprus government to resolve the “Title Deeds-cum-fraud mess”.

Property sales to foreign buyers in sharp decline

Figures published by the Cyprus Land Registry reveal that the number of properties being sold to foreign buyers is in sharp decline.

Cyprus given wake up call by European Parliament

The Cyprus government has been given a wake up call by a recent decision of the European Parliament’s campaigning Petitions Committee.

Cyprus apartments for 20 Euros

Desperate times call for desperate measures – and faced with the slump in Cyprus property sales one company has come up with a novel idea.

Bank of Cyprus offers cheap housing loans

The Bank of Cyprus, is offering attractively priced loans of up to EUR 1.5 billion earmarked for housing, business and the hotel/construction industries.

Cyprus government revenues cut by property market crisis

The unprecedented crisis in the Cyprus property market and the problems faced by businesses have pushed government revenues down sharply.

Government measures will push mortgage rates down

The Cyprus government is confident that its latest measures to support the island’s economy will push mortgage interest rates down.

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