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Reports written by Press Release

Stress test scenarios do not bode well

Residential property prices will fall by 4.0 percent in 2014, while real estate prices in general are predicted to go down by 11.9 percent under the EBA’s pan-European stress test scenarios.

Cyprus economy & real estate forecast 2014-2015

Although Leaf Research predicts that the downturn in the Cyprus real estate market is likely to continue, some positive prospects for the island’s economy and its real estate market are starting to appear.

Cyprus program remains on track says Troika

On its completion of its third assessment of the Cyprus Economic Adjustment Program, the Troika has issued the following statement noting that although the program remains on-track, Cyprus still faces significant risks.

New High Court action: all currencies, all banks

New action group launched to pursue action against unfair bank loans at the English High Court and the European Court of Justice by the Anglo-Hellenic & Cypriot Law Association; deadline to join group extended until 10 March 2014.

Troika discussing title deeds delay

The Troika delegation is continuing its meetings in Cyprus and will be discussing the delays in issuing title deeds today as part of its third review of the economic adjustment programme.

Evidence of improving banking sector stability

The Bank of Cyprus leadership believes there is evidence of improving stability in the Bank and generally in the banking sector and points out that it is fully committed to restoring the confidence of depositors and customers.

Call for BBC to investigate Cyprus property issues

A petition has been launched calling on BBC Panorama Current Affairs to investigate and report on the issues facing UK citizens who purchased off plan properties in the Republic of Cyprus.

European Court action gathers pace

Those wishing to join the action group announced month that is seeking compensation at the European Court of Justice for the mis-selling of Swiss Franc loans have until the 8th February 2014 to sign up.

yoo to launch first project in Cyprus

yoo, the global design, development and branding firm is to launch a luxury coastline project in Cyprus under the ‘yoo inspired by Starck’ brand, headed by the one of the world’s most revered designers Philippe Starck.

Co-ordinated action at European Court of Justice

Action focussing on the systemic failings of banks in their mis-selling of Swiss Franc loans is being taken at the European Court of Justice to pursue a claim for damages against the responsible European authorities.

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