Latest Headlines

Reports written by David Crowther

Slowdown in construction continued in July

Latest figures from the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties continued to slowdown in July.

Residential building permits fall in June

The recession in the Cyprus construction continues to bite with the number of building permits issued for the construction of residential properties in June 2010 down almost 44 percent on the number issued during the corresponding period last year.

Cyprus building permits up in May

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,337 residential properties were authorised in May 2010, an increase of 12.3% over the 1,191 authorised in May 2009.

Cyprus banks try to protect themselves

The Bank of Cyprus and the Hellenic Bank will try to absorb half a billion euros from their shareholders in the next few months in efforts to protect their balance sheets from the Greek crisis and the unfavourable conditions in the domestic market.

Building permit numbers slow in April

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,176 residential properties were authorised in April 2010, a decrease of more than 6 percent over the same period last year.

Cyprus building permit numbers up in March

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,758 residential properties were authorised in March 2010, an increase of more than 27 percent over the same period last year.

Building permit numbers in Cyprus (February 2010)

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,691 residential properties were authorised in February 2010.

Number of building permits in Cyprus fell in January

Latest figures from the Cyprus Statistical Service show that the number, value and area of building permits issued in January 2010 fell compared to those issued in January 2009.

Ministers to examine property tax in Cyprus

The Cyprus Interior and Finance Ministers are to examine different scenarios for revising property taxes designed to increase the inflow of revenue into state coffers.

Cyprus changes estate agents law following EU inquiry

Following a European Union inquiry into the Cyprus laws governing estate agents, the Interior Ministry has submitted a new draft law to Parliament to bring it into line with the Acquis Communautaire.

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