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26th April 2024
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Backlash from Cyprus property developers

THE GOVERNMENT is facing a backlash from Cyprus property developers and estate agents over plans to introduce a 15%...

Construction loans boom despite Banks’ measures

Despite measures taken by the Central Bank of Cyprus earlier in the year, loan growth hit a 10-year high...

State of the Cyprus economy in 2008

A recent poll by the CFA/Financial Mirror predicts lower growth and higher inflation in 2008. The Cyprus GDP growth rate...

Credit crunch cools the Cyprus property market

THE CENTRAL Bank has reduced loan financing for property purchases to 60 per cent in order to protect banks...

Price war on Cyprus bank deposits to hurt real estate

An intense price war waged by Cyprus' commercial banks in their bid to attract deposits is likely to hurt...

Cyprus developers concerned over banks’ lending freeze

PROPERTY DEVELOPERS yesterday said they were worried about the Cyprus Central Bank’s new rules for mortgage financing, fearing serious...

Cyprus Central Bank defends property margin action

THE GOVERNOR of the Cyprus Central Bank, Athanasios Orphanides, has defended the Central Bank's decision to increase the margin...

Property Tax Here to Stay – Sarris

THE government turned down calls to slash property taxes amid findings that a staggering £241 m flowed into state...

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