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Monthly Archives: February, 2015

News

Construction at record low

Nigel Howarth -
Construction activity in Cyprus during 2014 hit a record low with the number of building permits issued, their value and their total area all falling compared to 2013 according to the Cyprus Statistical Service.
News

January sales up

Nigel Howarth -
The number of properties sold in Cyprus during January increased compared to the number sold in January 2014 according to official statistics from the Department of Lands and Surveys.
News

Foreclosures hurdle must be overcome

Nigel Howarth -
The foreclosures hurdle must be overcome before the Cyprus adjustment programme can be brought back on track, said Eurogroup president Jeroen Dijsselbloem following a Eurogroup meeting on Monday.
News

Deal on foreclosures may be close

Nigel Howarth -
The Cyprus government plans to submit the last of the five bills comprising the insolvency framework to parliament within the next few days according to a source in the Finance Ministry.
Investment

Property deals stumble at prices

Editorial -
Property prices and uncertainty about foreclosures are hampering large foreign investments in mature development projects according to would-be investors at the Cyprus Investors Summit.
News

Cyprus raises overseas transfer limit

Nigel Howarth -
The Cypriot authorities have eased the restrictions on the movement of capital overseas; individuals will be able to transfer up to €50,000 a month out of the country from Monday 16th February.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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