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Monthly Archives: August, 2012

News

Continued decline in building permits

David Crowther -
Cyprus construction activity continued to decline in May as building permit numbers fell once again compared with the same period last year, according to the latest figures from the Cyprus Statistical Service.
Investment

Cyprus may need more than €10 billion for bailout

Editorial -
The island's' public finances are in a worse state than we expected said troika official Maarten Verwey according to the minutes of the meeting obtained by Bloomberg News; more bailout cash may be needed.
News

Larnaca port transformation agreed

Nigel Howarth -
Finally, after two years of negotiation, the government and the Zenon Consortium have signed an agreement for a joint development of the Larnaca port and marina at a cost in excess of €700 million.
News

Property sales plunge to new depths

Nigel Howarth -
The number of properties sold in Cyprus in July plunged to new depths, with the number of contracts of sale deposited at Land Registry offices down more than 30 percent compared to July 2011.
News

House prices in the west and east holding up

Nigel Howarth -
The eleventh issue of the RICS Cyprus Property Price Index shows that house prices in Paphos and Paralimni/Famagusta are holding up, while house prices in other areas and apartment prices across the island continue to fall.
News

Nicosia and Limassol home price falls accelerating

Poly Pantelides -
Property prices in Paphos and Famagusta have been falling for years, while prices started to fall in Nicosia and Limassol six months ago and the rate at which they are dropping is accelerating.

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