Property Prices Revert to 2006 Levels

Property prices have reverted to 2006 levels according to figures released by the Central Bank of Cyprus (CBC). With the Q1 2014 decrease, property values have now been on a downward trend for [...]

MARKET TRENDS
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BY OPulse Admin
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Jul 19 2014

Deal reached on Immovable Property Tax

By: Nigel Howarth A last minute deal has been reached by Cypriot MPs on the Immovable Property Tax for 2014 and a bill has been passed with 53 votes in favour and just one against according to repo [...]

FINANCE
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BY OPulse Admin
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Jul 11 2014

BoC Capital Increase: Now or Never?

Mixed opinions having permeated the market regarding the why, when, and how of a potential capital increase by the Bank of Cyprus (BoC), the bank’s Board of Directors is meeting today in a crucial [...]

FINANCE
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BY OPulse Admin
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Jul 04 2014

RICS Reports Further Falls In Cyprus Property Prices

The Royal Institution of Chartered Surveyors, Cyprus (RICS Cyprus) has released its quarterly Property Price Index (PPI), which tracks and assesses sale and rental prices of various property types a [...]

MARKET TRENDS
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BY Hari Swaminathan
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Jul 01 2014

Bank of Cyprus Decides to Increase Capital

The extra time has been afforded to allow for the opportunity for expression of interest from the greatest number of quality investors, as well as for the addition of another two advisors to the iss [...]

FINANCE
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BY OPulse Admin
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Jun 29 2014

Dramatic fall in Cyprus property prices

By: Nigel Howarth Over the past year residential house prices in Cyprus have fallen by 7.8 per cent while apartment prices have fallen 10.7 per cent, according the RICS Cyprus Property Price Index fo [...]

MARKET TRENDS
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BY OPulse Admin
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Jun 27 2014

No more escape for tax cheats

Those with tax arrears exceeding €3,000 will be prevented from selling or transferring their property under a new law passed by the Cyprus government to help with the crackdown on tax evasion. THE [...]

FINANCE
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BY OPulse Admin
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Jun 20 2014

Russian Breakthrough: Larnaca’s Kimon Project Sold

The Kimon Phinikoudes Larnaca project, belonging to the Lefkaritis family and valued at an estimated €10 million, has been sold to Russian investors. Meetings held between the parties on June 9-1 [...]

MARKET TRENDS
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BY OPulse Admin
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Jun 16 2014

PROPERTY SALES PLUNGE ‘SLOWING DOWN’

Property sales for February show that the plunge in the market is ‘slowing down’ despite being worse than last year. According to data released by the Land Registry, property sales in February ma [...]

MARKET TRENDS
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BY OPulse Admin
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Jun 11 2014

Cybarco Completes 4th Phase of Sea Gallery Villas

Cybarco has made headway with its luxury Sea Gallery Villas project in Limassol, having completed the fourth phase of development. Four more villas have been completed, each one individually design [...]

MARKET TRENDS
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BY OPulse Admin
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Jun 06 2014