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16th April 2024
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Yearly Archives: 2012

Articles

Housing loans collateral shortfall

Pavlos Loizou MRICS VRS -
Using publically available data from the Central Bank of Cyprus, Pavlos Loizou MRICS considers the size of the shortfall between the value of housing loans granted by the banks and the market value of their underlying collateral.
News

Brit wins property dispute but must pay for defamation

Poly Pantelides -
British home buyer Conor O'Dwyer has won his long drawn out case against a Cypriot property developer who unlawfully terminated his contract but has been ordered to pay for defamation.
News

Russians warned against buying property

Nigel Howarth -
A pamphlet in Russian entitled "?????????, ????!" (Beware of Cyprus!) is being handed out at the Sheremetyevo International Airport in Moscow warning Russians not to buy property on the island.
News

Troika reforms include property tax hike

Nigel Howarth -
Tax hikes on property, alcohol, tobacco, and petrol are on the cards plus a one per cent increase in VAT together with cuts in public sector spending according to a leaked Troika delegation document.
News

Construction sector continues to deteriorate

David Crowther -
The island's construction industry is suffering from the impact of the economic crisis and lack of liquidity as the number of building permits continue to fall with no signs of a recovery on the horizon.
Articles

Be honest and get on with it

Stefanos Evripidou -
What can Cyprus learn from Ireland's bailout experience? "To get on with it, to be resolute and to be honest about the scale of the crisis" according to the Irish Minister of State for European Affairs.

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