Cyprus' leading on-line resource for home buyers & real estate investors -

29th March 2024
Cyprus Property News logo

Yearly Archives: 2012

Two notch downgrade from Fitch

Credit ratings agency Fitch has cut the island's credit rating by two notches with the possibility of a further downgrade citing a fiscal budget that has significantly underperformed expectations.

Two day construction worker strike

Construction workers plan a two day strike starting tomorrow (Thursday) blaming their employers for what they claim is their refusal to enter into a dialogue on renewing collective agreements.

Spain battles Cyprus for overseas property investors

Cyprus is in competition with Spain for overseas property investors as the Spanish government plans to offer residency visas to third country nationals investing more than €160,000 in property.

Contractors left unpaid for government projects

As the government's coffers run dry it has no money left to pay companies that have completed construction projects and who are suffering from cash-flow problems and who may be forced to lay off staff.

Five proposals for property taxation

Lakis Tofarides has called on the government to rethink the tax reform proposals it has submitted to the Troika as he believes they will be catastrophic for the island's real estate sector and will lead to further unemployment.

Moody’s places Cyprus on review for downgrade

Ratings agency Moody's has placed Cyprus on review for a possible downgrade citing the slow pace of negotiations with the Troika and evidence that the Cyprus budget deficit will be significantly larger than expected.

Top Stories