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The recent property boom and bust cycle

The continuous increase in property prices created a false sense of security in Cypriot banks and led to further credit expansion and a real estate “bubble” which burst resulting in a large increase in non-performing loans.

Let’s have coffee, reminisce and moan

Cyprus is at the end of a creative destruction cycle and it’s time for businesses and individuals to reinvent themselves, looking at the opportunities that lay ahead rather than reminiscing about how things were.

Cyprus property valuations now online

Following the revaluation of some 500,000 properties in Cyprus, the revised valuation of any particular property can be viewed on-line at the Department of Lands and Surveys website.

Cyprus Immovable Property Tax 2014

The law amending the Cyprus Immovable Property Tax Laws for 2014 has now been published in the Cyprus Gazette and it offers a 15 per cent discount for those who pay early.

Cyprus MPs lunacy in action

Lunatic decisions taken by MPs in Nicosia drove another nail into Cyprus’ once thriving property sector when they voted though the bill amending the Immovable Property Tax law for 2014.

Cheap as chips or curry and chips?

Cyprus is the curry and chips after a long night at the pub and is lucky to have entered the crisis last and at a point where the US and Western European economies have stabilised from the post 2008 turbulence.

Bank of Cyprus results analysis

There are some concerns highlighted in the Bank of Cyprus Group Financial results published a short time ago that suggest that the island’s largest bank is not out of the woods yet.

Cyprus: Dealing with a crisis

Hit by a severe crisis, Cyprus received financial assistance from the international community in May 2013. One year after, this IMF video explains the origin of the crisis and the subsequent evolution of the country’s economy.

Creating and issuing Title Deeds

Many people wonder why it takes so long for Title Deeds to be issued by District Lands Offices; here is an article contributed by one of our regular readers explaining the process in detail.

Revised Memorandum of Understanding full text

Available here – the revised Memorandum of Understanding (MoU) between Cyprus and its international lenders following the troika’s fourth assessment of the island’s adjustment programme.

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