Cyprus Property News
Property prices rose in third quarter
Property prices in Cyprus rose 2.5 percent during the third quarter of 2015 compared with the corresponding period of the previous year according...
No apologies for foreclosures
Bank of Cyprus CEO John Hourican made no apologies for foreclosures stressing that the bank will focus on uncooperative borrowers and will not...
Primary residences protection scheme
The Cyprus Land Development Corporation has been allocated €2 million to protect primary residences by helping borrowers deemed to be insolvent by...
Building permits October 2015
The number of building permits authorised in Cyprus during October 2015 increased compared to the number authorised during the same period in...
Hammer time for foreclosures
Around 3,000 foreclosures have been pending at Land registries and thirty auctioneers are polishing their hammers to begin auctioning commercial...
Bank lending criteria to be relaxed
Under a new draft Cyprus Central Bank directive to be discussed between the Central Bank and financial institutions lending criteria will be...