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Reports written by David Crowther

Slowdown in construction sector continues

Latest figures from the Statistical Service confirm that the slowdown in the Island’s construction sector continues with the number of building permits issued in March falling by 23.4 percent compared with March last year.

Moody’s reviews Cyprus banks for possible downgrade

Moody’s Investors Service placed three Cypriot banks on review for a possible downgrade on Friday, citing heightened risks to the banks from their exposure to Greek debt.

Residential property construction continues to slow

Following last month’s disappointing sales figures published on Tuesday, the latest figures from the Statistical Service released earlier today offer no encouraging signs of an upturn in the Island’s property and construction sectors.

Building permits up but residential construction slows

Although the number of building permits issued in Cyprus in January 2011 increased over the previous year, the number of permits issued for the construction of residential properties continues to fall.

Moody’s downgrades three Cyprus banks

Following in the wake of its decision last week to downgrade Cyprus government bond ratings, yesterday Moody’s Investor Services announced that it had downgraded three Cyprus banks.

Building permits drop in December

Figures released today by the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties fell in November compared to the same month last year.

Building permit numbers fell in November

Figures released today by the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties fell in November compared to the same month last year.

Building permit numbers improve in October

Figures released today by the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties rose in October compared to the same month last year.

Construction slowdown continues in September

Figures released today by the Statistical Service show that the number of building permits issued for the construction of residential properties in Cyprus continued to fall in September.

Building permits continue fall in August

Figures released in the week by the Statistical Service show that the number of building permits issued for the construction of residential properties in Cyprus continued to fall in August.

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