Cyprus Real Estate News and Property Market Reviews

There is slight recovery in the Cyprus overseas property market and estate agents are looking for new markets as a result of the drop in demand. The figures released by the Department of Lands and Surveys stated that 127 contracts of sale in favor of overseas buyers were deposited at Land Registries throughout Cyprus during [...]

Rather than capital appreciation prospects or proximity of home country to determine overseas property investment, it could be wise to let personality and temperament sway the decision. According to Shelter Offshore, Personality could determine a person’s happiness in their chosen overseas property relocation, claims one website for those looking to move abroad. Those seeking a [...]

Moody’s has downgraded the deposit and debt ratings of the Bank of Cyprus and the Marfin Popular Bank. They downgraded the deposit and debt ratings of Marfin Popular Bank Public to Baa2/Prime-2 from A3/Prime-1 and Bank of Cyprus Public to A3/Prime-2 from A2/Prime-1. Moody’s has confirmed the deposit and debt ratings of Hellenic Bank Public [...]

Property sales in Cyprus are edging upwards, the latest statistics from the country have suggested. According to The figures, reported by Property Wire and released by the Department of Land and Surveys, the rise in property sales is occurring at a slower pace than in previous months, but it remains positive. In good news for [...]

There is a lot of doom & gloom in the Cyprus property market at the moment, there is every reason to believe that the Cyprus property market can come out of the credit crunch, in as good a shape, according to overseas property portal Property Abroad.com. Les Calvert director of overseas property portal Property Abroad.com [...]

There is every reason to believe that the Cyprus property market will come out of its economic woes, in a good shape as foreign buys of Cypriot property saw a shock increase in November, up from 117 the month before to 158. When sales traditionally slide off at this time of year, the highest number [...]

Cypriot economy is expected to grow again next year, it has been claimed, something that could interest those seeking property on the island. According to Finance minister Charilaos Stavrakis, in the end of 2009, the country will see an economic contraction of 0.5 per cent, but stated that GDP will rise by the same amount [...]

Cyprus could be the only EU member state to see growth in 2009 and the Mediterranean island state is working on alternative measures to combat fallout on its economy from the world financial crisis, according to reports. According to the EU’s spring economic reports, The Cyprus economy would grow 0.3 per cent in 2009 and 0.7 [...]

Larnaca makes a remarkably fertile ground for property investors, second home buyers and retirees from across Europe because of excellent infrastructure, according to British Airways magazine. Alexander Garrett has written an article Larnaca at large in the December 2008 issue of the British Airways magazine ‘Business Life’ about that how the town is pressing its [...]

The governor of the central bank of Cyprus, Athanasios Orphanides, has said that Interest rates may take a fall sooner than expected as the country tries to improve economic risks. This drop may be a good thing as the house markets would improve after struggling with the continued increases of interest rates and therefore repayments. [...]