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28th January 2023
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Annus Horribilis for Cyprus banks

Over the last three years, Cyprus banks had struggled to deal with their past and unload non-performing loans from their balance sheets when governments...

Foreign investors driving the property market

Foreign investors have not lost their appetite for Cypriot properties, nor are they discouraged by a rise in interest rates, as sales doubled in...

Hiking interest rates impact house buyers

The soaring cost of living and higher interest rates threaten to blow open the real estate sector's recovery, say local stakeholders who want the...

Significant real estate repricing is coming

Real estate stocks have signalled that significant repricing is coming and the market has three big challenges ahead: Political risk due...

Foreclosures freeze a ‘threat to recovery’

Finance Minister Constantinos Petrides will ask President Nicos Anastasiades to return the House's decision to extend a freeze on foreclosures, arguing that Cyprus's credibility...

EC pushes for short-term letting regulation

The European Commission has adopted a proposal for a Regulation to enhance transparency in the field of short-term accommodation rentals and help public authorities...

House extends foreclosures freeze again

When the freeze was last extended in July this year Elizabeth McCaul (a Member of the Supervisory Board of the European Central Bank) advised...

Nine acquitted in golden passport case

Nine suspects in a case relating to the controversial citizenship-by-investment programme were cleared of all charges by the Larnaca criminal court on Friday. Five natural...

Short-term lets must be properly regulated

The Association of Cyprus Tourist Enterprises (STEK) on Thursday issued a warning against the dangers posed by short-term rentals, saying that the rapid expansion...

Inflation threatens home-owning dreams

Hiking inflation is threatening to halt an upward trend in housing loans from Cypriot banks recorded in the past two years, as interest rates...

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