News

Borrower Protection Association wants to discuss loan repayments

12.10.2022 The Borrower Protection Association released a statement on Tuesday asking for meetings with House Speaker Annita Demetriou, Central Bank Governor Konstantinos Herodotou, and political parties to discuss possible measures..

Inflation threatens home-owning dreams

12.10.2022 Soaring inflation threatens to reverse the upward trend in home loans from Cypriot banks over the past two years as interest rates rise. Bank of Cyprus officials say high..

Ready-to-deliver Cyfield apartments in the best areas of Nicosia

11.10.2022 Ready-to-let modern apartments in selected areas that cover all the needs of a modern person, Cyfield offers the market. These are spacious and functional apartments located in the areas..

Mortgage to rent scheme moving forward

10.10.2022 A mortgage-to-rent scheme for troubled borrowers is evolving as state asset management agency KEPIDES, the finance ministry, banks and the EU complete the detailing, reports said on Monday. The..

House prices up 4.7% due to construction costs

07.10.2022 An accelerated rise in house prices was recorded in the second quarter of 2022, mainly due to rising construction costs, according to the Central Bank of Cyprus quarterly real..

The prices in the warehouses are increasing, the activity is limited

07.10.2022 A decrease in construction activity under the weight of inflationary pressures affecting the sector is evidenced by data from the Statistical Office (Cystat) for the second quarter of 2022...

New increase in the House Price Index in the second quarter of 2022

07.10.2022 The House Price Index (HPI), compiled by the Statistical Office, rose for the second quarter in a row, showing an increase in the cost of buying a home. In..

Reduction in the number and value of building permits in the seven-month period

07.10.2022 According to the Statistical Service, the number of building permits issued in the first seven months of 2022 decreased by 4.2% compared to the corresponding period last year. In..

Warning of unsafe areas to build in Cyprus

07.10.2022 The Department of the Geological Survey of Cyprus is warning citizens to protect their real estate by reviewing the areas of geological suitability in which it is not recommended..

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..

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