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Deposits up €3.65 billion, loans down €3.01 billion in February 2022

28.03.2022 Deposits in the banking system of Cyprus at the end of February 2022 amounted to 51.5 billion euros, which is 3.65 billion euros more than in February 2021. According..

EU seeks halt of citizenship & visa sales to Russians & Belarusians

28.03.2022 The European Commission urged EU governments on Monday to end national programs to sell citizenship to investors, also known as golden passport schemes, and urged them to suspend the..

Gordian: Four GoDeals properties from € 55,000 in Paphos and Limassol

28.03.2022 As part of expanding its GoDeals portfolio, Gordian is introducing new properties at discounted prices, offering even more options for those interested in investing in residential, commercial, tourism, industrial..

Detailed job vacancies in each sector

28.03.2022 At the end of last year, the number of vacancies reached 10,000, which is 94.3% (4,679) more than at the end of 2020. In percentage terms, the most vacancies..

Housing on paper: Who pays the bride if the cost increases

28.03.2022 There is confusion among property buyers who signed housing contracts prior to the start of a building cost increase or intensification rally as to how to allocate the additional..

A. Christoforidis: Cracks in the demand and supply of real estate

26.03.2022 Landbank Real Estate Analytics CEO Andreas F. Christophoridis predicts the impact of the Russian-Ukrainian crisis on construction costs and the real estate market. Mr. Christophoridis noted that both the..

Tourist village in Larnaca

31.03.2022 US-based NCH Capital (Cyprus) is preparing to launch a multi-million dollar tourism project in the region, which will be built on land currently occupied by the old Beau Rivage..

Major projects underway in Larnaca, Nicosia

26.03.2022 The real estate and construction sectors of Cyprus are in the twilight of the Citizenship by Investment program, turning their attention to the capital and the once abandoned coastal..

Seeking new markets in 2022

26.03.2022 The end of 2021, the real estate sector of Cyprus met without major changes. Locally oriented budget housing in the region of €300,000-€500,000 was in good demand and rising..

Cost of labour rises amid inflation hike

25.03.2022 According to preliminary data from the Statistical Service, in the last quarter of 2021, the average hourly labor cost in Cyprus is estimated to have increased by 1.6% compared..

RCB Bank transforms into a regulated asset management company

24.03.2022 RCB Bank Ltd has taken the decision to transform the Bank into a regulated asset management company, abandoning the banking operations that will be terminated. “While the RZB has..

Decision in favor of the Republic of Cyprus for FBME

24.03.2022 The Paris Court of Appeal has rejected an application to set aside an international arbitration award in favor of the Republic of Cyprus against FBME Bank, the Republic's legal..

Cost of building materials sky high

24.03.2022 The cost of building materials in Cyprus continues to skyrocket, making it difficult for the real estate and construction sectors to recover from the abolition of the golden passport..

Trade gap widens on cost of raw materials

24.03.2022 Rising commodity prices in Cyprus are largely to blame for the growing trade deficit, which increased by almost 349 million euros in 2021 compared to 2020 to reach 5.24..

Tourism off to a good start, war and sanctions aside

24.03.2022 The island's battered tourism industry is trying to recover from the coronavirus, as well as the aftermath of the war in Ukraine and sanctions against Russia, and is off..

Altamira: 80 new properties this week throughout Cyprus

24.03.2022 Over eighty high value properties such as apartments, houses and land in selected residential areas of Cyprus are included in Altamira Real Estate's weekly newsletter. They are collected in..

Real Estate Market Research Review 2021 – Landbank Analytics

23.03.2022 The Cyprus property market is in constant flux and real estate trends come and go. Given the highly local nature of the industry, with different conditions in each province/city,..

The most expensive villa that Altamira sells for € 4.5 million

23.03.2022 Two-storey luxury villa in a quiet location, in Apostolos Barnabas area, in Strovolos, for sale through Altamira. The luxury house, which is located about 1.3 km west of the..

M. Kynageirou: Rally of increases and blow to real estate due to Russia

22.03.2022 Real estate agents are expecting a temporary halt and delay in the property market due to rising building materials prices, which is likely to continue over the next period,..

How do the sanctions and consequences of the war affect the property market in Cyprus?

22.03.2022 Regarding the effects of the war, as well as the related sanctions, Pavlos Loizou, CEO of fintech company WiRE FS, said that the Cyprus property market is likely to..

Cyprus property market should look to the West says industry expert

22.03.2022 Given that the war in Ukraine has caused a number of short-term and long-term problems, and the global economy is likely to take years to recover, Cyprus should shift..

Hellenic bank to acquire performing loans from RCB

22.03.2022 Hellenic Bank announced that it has entered into an agreement to acquire a performing loan portfolio (the "Transaction") from RCB Bank Limited, formerly known as Russian Commercial Bank (Cyprus)...

RCB sells a €556-million loan portfolio to Hellenic Bank

22.03.2022 RCB Bank Limited, the third largest lender in Cyprus, has announced that it has entered into an agreement with Hellenic Bank Public Company Ltd for the sale of up..

Request for the transformation of KEDIPES expected to be submitted to the DG of Competition in July

22.03.2022 The request for the transformation of the Cyprus Asset Management Company (KEDIPES) into an asset management body and the implementation of the mortgage-to-lease plan is expected to be formally..

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