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

16th April 2024
Cyprus Property News logo
Home2015

Yearly Archives: 2015

News

Non-performing loans remain high

Nigel Howarth -
Non-performing loans (NPLs) in the Cypriot financial system stood at 47.8 per cent of total loans at the end of September 2015, according to data released by the Central Bank of Cyprus.
News

Hourican to remain at Bank of Cyprus

Stelios Orphanides -
In April this year John Hourican, the CEO of the Bank of Cyprus, resigned his position for personal reasons; however the Bank's broad of directors have decided to extend his contract for two more years.
News

No property bubble in sight

Stelios Orphanides -
Although the Cyprus Finance Minister does not foresee another property bubble and believes that the downturn of the sector has bottomed out, the ECB believes there will be further price falls.
News

New plans for Swiss Franc loans

Editorial -
Banks are to put forward new plans to the Cyprus Central Bank for regulating Swiss Franc loans according to a representative from the Cyprus Central Bank speaking at a Parliamentary Committee on Finance.
News

Government to pay for Pissouri mess

Evie Andreou -
The Interior Ministry is waiting for a report to see how the government can help the affected residents in the Limnes (lakes) area of Pissouri; a figure of €20 million to restore the area has been estimated.
News

Hourican disappointed by shenanigans

Menelaos Hadjicostis -
John Hourican, the outgoing CEO of the Bank of Cyprus said he was disappointed by the 'shenanigans' of lawmakers that delayed and diluted laws aimed at helping banks collect on a huge number of non-performing loans.

Top Stories

About us

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

Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate. 

Our mission

The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

Cyprus Property News also has an on-line Cyprus Property Forum where individuals wishing to buy or sell property and those who are facing problems can seek independent advice completely free of charge.

Information pages

© Copyright - Cyprus Property News 2004 - 2024