News

Altamira Real Estate: Vacant homes in sought-after areas

06.10.2022 Altamira Real Estate presents new listings this week with seven unique ready-to-let homes available for sale in popular areas across Cyprus. The properties are in very good condition, are..

At auction shops and buildings from €20,400 to €833,600

06.10.2022 The October auctions will feature a range of commercial properties ranging from 20,400 to 833,600 euros. Among them are restaurants, offices, warehouses and banquet halls in various provinces of..

International Investment Forum to be held in Limassol

06.10.2022 The Cyprus Chamber of Shipping (Kne) announced this week that it supports a joint statement by European shipping industry stakeholders who are calling for shipping revenue sequestration in the..

Economic uncertainty in Cyprus hits record high

06.10.2022 The Economic Policy Uncertainty Index (EPU) in Cyprus surpassed all previous records in April 2022, reaching a value of 364.8, according to a report by the Cyprus University Economic..

Kedipes reports total cash inflows of €1.45 bln

05.10.2022 Cash inflows to state-owned asset management company Kedipes were $115.2 million in the second quarter of 2022, down 0.9% from the first quarter of 2022, up 20.9% year-on-year, the..

Moody’s upgrades Cyprus banks, cites economy resilience

05.10.2022 Ratings agency Moody's on Wednesday announced that it had upgraded the long-term ratings of Bank of Cyprus and Hellenic Bank, including their long-term bank deposit ratings to Ba2 from..

Net new lending in Cyprus fell in August 2022 to 182.3 million euros

05.10.2022 According to a report released on Tuesday by the Central Bank of Cyprus (CBC), net new lending in Cyprus fell in August 2022, falling to EUR 182.3 million ,..

47.9% of Aristo Developers for sale

04.10.2022 Dolphin Capital Investors is in the process of selling its stake in Aristo Developers starting in the fourth quarter of 2022. As reported in the first half results of..

Real estate sales are underway in Limassol and Paphos

04.10.2022 September sales were up 27% compared to the corresponding month of 2021, and total sales documents for the first half of 2022 were up 37%. According to the Department..

Property sales best since 2008

04.10.2022 The Cyprus real estate sector has proven to be resilient as it recorded the best nine months of sales since 2008, according to the Land Registry. In the first..

ECB to discuss quantitative tightening in Limassol

04.10.2022 According to reports, the meeting of the European Central Bank (ECB) Board of Governors, due to be held on Wednesday in Limassol, will include a discussion of the reduction..

Pandora Investments: Raised net profit in the first half

03.10.2022 The net income of Pandora Investments Public Limited in the first half of 2022 is at 8,496,447 euros compared to a net profit of 4,844,014 euros in the first..

Castle Residences: The “castle” of Limassol Marina is almost sold out

03.10.2022 There are very few available apartments left in Caste Residences, a development that has been called the "diamond" of Limassol Marina. In the “castle” of Limassol Marina, located on..

Homes adapt as circumstances change

03.10.2022 In special relativity, Einstein determined that time is relative—in other words, the speed at which time passes depends on your frame of reference. My grandmother Marina told me that..

House prices up in Q2 2022

03.10.2022 An acceleration in house price growth was recorded in the second quarter of 2022, mainly due to rising construction costs, according to the Central Bank of Cyprus Quarterly Report..

Real estate sales in 2022 peaked

02.10.2022 The number of property sales increased by 18% in the first nine months of 2022 compared to the corresponding period last year, while in 2022 there was a 36%..

No quick remedy to spiraling rents in Cyprus

02.10.2022 “The cheapest rental in Nicosia is 300 euros for a 30m container room in Lakatamia” says Nick Theodoulou In certain areas, the rent has increased by 50%, and not..

Losses of 6.15 million euros after taxes for the first half of 2022

01.10.2022 The Nicosia Chamber of Commerce and Industry (Evel) this week announced a successful event focusing on branding and how organizations and professionals can create value for businesses, industries and..

Industrial production declined marginally in July

30.09.2022 The industrial production index recorded a slight annual decline in July, the first decline since February 2021, mainly due to the electricity, mining and water sectors. According to data..

FinM and Central Bank Governor outline 2023 economic challenges

29.09.2022 Cypriot Finance Minister Konstantinos Petrides stressed on Wednesday evening the need to be "even more careful" with fiscal discipline in a challenging new era, while Central Bank Governor Konstantinos..

Residential: Increased losses in the first half of 2022

29.09.2022 A loss of EUR 664,832 compared to a loss of EUR 156,199 in the first half of 2021 was recorded in the first half of 2022 by Philoktimatika Dimosia..

Houses, apartments and apartment buildings from Altamira Real Estate

29.09.2022 Altamira Real Estate presents new unique options for houses and apartments. On the company's website, 106 new housing options are located in the most popular areas of the island..

Investment funds put €2.5 bln in Cypriot economy

29.09.2022 The Cyprus Investment Funds Association (CIFA) hosted an event on Wednesday highlighting the latest developments in the Cyprus Investment Funds sector, chaired by the Association's President and Board of..

Keve met Greek Cypriot Business Association and Selk in Athens

29.09.2022 A delegation from the Cyprus Chamber of Commerce and Industry (Keve) this week met with the Greek Cypriot Business Association and the Institute of Chartered Accountants of Cyprus (Selk)..

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