News

Number of building permits increased by 8.3% in January

08.04.2022 The number of building permits issued by municipal authorities and district administrations in January 2022 increased by 8.3% compared to the corresponding month of the previous year, according to..

Uncertainty prevails in house building market

08.04.2022 Real estate stakeholders are wary of the construction sector's near-term prospects and are cautioning not to be deceived by the rosy picture painted by the rising building permit trend...

The real estate market is better than before the pandemic

08.04.2022 More than 3,000 real estate transactions in three months, while in recent months the market has been developing steadily. It is worth noting that the latest real estate market..

Real estate moved with a steady rise

06.04.2022 The real estate market continued its upward trend in March, with all cities except Nicosia showing a positive trend. Real estate sales in March this year reached 1,102 from..

Altamira: 10+ houses from €40,000 to €255,000

06.04.2022 Residential properties ranging from €40,000 to €255,000 have been listed for sale by Altamira through an online platform. The properties are located in the provinces of Nicosia, Larnaca and..

Giorgos Chrysochos: Cyprus is a safe haven for investors

06.04.2022 Despite the recorded decline in demand for real estate from Russian clients, there is no significant decline from the domestic or the rest of the foreign market, says Cyfield..

Negligible gains on the CSE on Wednesday

05.04.2022 The CSE posted a slight gain on Wednesday, with the overall index registering a 0.16% gain to close at 69.24. The FTSE/CySE 20 rose 0.14% to close at 41.63...

Acceleration of economic activity in the Eurozone in April

05.04.2022 Business activity in the eurozone accelerated in April as the dominant service sector benefited from further easing of coronavirus restrictions, offsetting a delay in manufacturing output. S&P Global PMI,..

The ambition for the Cyprus Fund to Provide Capital Financing

05.04.2022 The aim of the government is the Cyprus Equity Fund to give the necessary impetus to the emerging and promising innovation ecosystem of Cyprus, which in recent years has..

1% of GDP surplus for general government in the first quarter

05.04.2022 The preliminary budget results prepared by the Statistical Office for the period January to March 2022 show a general government surplus of 1% of GDP, amounting to EUR 239.3..

Misirlis: Ensuring price stability in real estate is a challenge

05.04.2022 While war is raging in Ukraine, with all the ensuing consequences for the people and the country itself, Europe is seeing economic consequences in various sectors of the economy,..

Spike in Covid-19 cases tightened lending criteria for corporate loans in Q4 2021

04.04.2022 An increase in daily Covid-19 infections in Cyprus and heightened uncertainty about the impact on the real economy has led Cypriot banks to tighten corporate lending criteria in the..

Non-performing loans rate declined to 11% in end-2021

04.04.2022 The share of non-performing loans in the banking sector of Cyprus decreased to 11.1% of total loans at the end of December 2021, compared to 17.7% at the end..

CBC maintains countercyclical buffer to 0% for banks and investment firms

04.04.2022 The Central Bank of Cyprus has kept the Countercyclical Buffer (CCyB) for banks and investment firms at 0% of total exposure for the period from April 1, 2022 to..

What lies ahead for real estate?

04.04.2022 The end of 2021 has not undergone major changes in the real estate sector of Cyprus. The lower end of the housing market, targeted at local residents, with properties..

Choice of a competent court

04.04.2022 The case is referred to the competent court if it has jurisdiction. The choice of the court in which the case is brought depends on its jurisdiction, and in..

Greece: Annual inflation shot up to 10.2% in April

04.04.2022 Inflation climbed to 10.2% in April, reaching around mid-1990s levels with the drachma as the currency, mainly due to energy prices, which led to a 6.61% increase in the..

Joint proposal for a law in the Plenary on very small companies

03.04.2022 Debate on bills to amend company laws and collect taxes has been completed in the Chamber of Commerce committee, and its members announced that they have agreed to submit..

Michalis Hatzipanagiotou: Incentives for attracting investors to Cyprus

02.04.2022 Michalis Hatzipanagiotu, President of the Pan-Cyprus Association of Land and Construction Entrepreneurs and CEO of Cybarco Development Ltd, says it is necessary to create incentives to attract investors to..

Altamira: 10+1 houses and apartments from €70,000

01.04.2022 Ready-to-let houses and apartments monopolize the interest of Cyprus buyers interested in investing in real estate. According to real estate professionals, the pandemic and the changes it has brought..

Invest Cyprus: Dynamic at the International Hospitality Investment Forum

01.04.2022 The leading conference of the tourism investment industry, the International Hospitality Investment Forum (IHIF), which is now in its 24th year in Berlin, was attended by a delegation from..

Andreas Vyras: Weakness and priority of Larnaca; local government reform

31.03.2022 Weakness and Priority What weaknesses do you think need to be improved immediately? There are many problems in the city that need to be addressed. However, their decision is..

Andreas Vyras: Larnaca will no longer be considered a “poor relative” among other cities

31.03.2022 Is it possible to say that Larnaca will no longer be considered a "poor relative" among other cities? I never agreed that Larnaca was a poor relative. I believe..

Meeting of the ECB President and Christine Lagarde

31.03.2022 Christine Lagarde said she was very happy to be back in Cyprus, noting that today they exchanged views on the global economic situation, as well as the drama that..

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