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Monthly Archives: July, 2017

Investment

Limassol rents skyrocket

Andria Kades -
Demand for rental properties in Limassol has grown in recent years as local buyers have difficulty in obtaining home loans due to the banks' stringent loan conditions and because it attracts plenty of foreign businessmen.
Investment

Bank of Cyprus must sell NPLs

Cyprus News Agency -
The Bank of Cyprus must include the sale of non-performing loans (NPLs) in its toolkit if it is to achieve its ambitious target to halve their ratio to 20 per cent by 2019 says Moody's Rating Agency.
News

Local property tax set to change

Nigel Howarth -
Some will pay more and some will pay less local property taxes in Cyprus this year as charges will be assessed on 2013 property valuations rather than those of 1980 in efforts to provide a fairer taxation system.
News

Cyprus home prices fall 1.4 per cent

Nigel Howarth -
Although a quarterly fall of 1.4 per cent in Cyprus home prices was recorded during the first quarter of 2017, prices rose 4.1 per cent on an annual basis according to a press release from the Cyprus Statistical Service (CYSTAT)
News

Banks helped by increased building permits

Cyprus News Agency -
Although Cypriot banks continue to face significant asset quality challenges, a sustained increase in demand for building permits would improve their asset quality says ratings agency Moody's.
Investment

Cyprus real estate market review

Press Release -
PwC (Cyprus) has published "Cyprus Real Estate Market – 2016 Year in Review", which provides a general overview of the Cyprus property sector based on authoritative market data.

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