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Monthly Archives: February, 2015

Problem housing loans below 10 percent

Based on the preliminary results from the Bank of Cyprus, problematic housing loans account for just 9.4% of its non-performing loans of €12.7 billion and only 10.2% of its NPLs in Cyprus.

Property price falls reduce

Although the price of residential properties in Cyprus continued to fall over the fourth quarter of 2014, the decrease was less than in previous quarters according to the island's Central Bank.

Cyprus real estate dynamics report

Ernst & Young Cyprus Ltd (EY) has published the first edition of its Real Estate Dynamics Report, which contains an analysis of recent developments in the Cyprus construction and real estate sectors.

Troikans bump into elephant

During their recent visit to Cyprus, the delegation from the island's troika of international lenders bumped into the elephant in the room; the unacceptable delay in issuing Title Deeds.

Investors eye Venus Rock

A number of investors are reported to have shown a keen interest in the Venus Rock project at the recent Cyprus Investors' Summit, which was held recently at the Four Seasons Hotel in Limassol.

Guarantor’s proposals to troika

It is hoped that the troika of international lenders will approve the provisions in the fifth bill of the insolvency package so that it may go to the cabinet in early March for ratification and then to parliament.

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