Archive for November, 2009

The Property market in Cyprus is set to bounce back

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 in [...]

Popularity: 23% [?]

Building permits of residential properties in Cyprus increase

Building permits for the construction of 900 residential properties were authorized in August 2009 in Cyprus; down just 3.3% on the 931 authorized in August last year, according to official reports.
According to the Figures released yesterday by the Cyprus Statistical Service (CYSTAT), the number of building permits authorized by the Municipal Authorities and the District [...]

Popularity: 25% [?]

Buyers could find a bargain of up to 40 per cent in Cyprus

Cyprus has been touted as the perfect place to buy property and buyers could find a bargain after recent property price falls of up to 40 per cent, it has been suggested.
According to a Daily Mail feature, Cypriot residences can now be acquired in cheaper prices and a two-bedroom apartment in paphos with [...]

Popularity: 24% [?]

New flights to Cyprus boost rental investment

Owners of rental accommodation in Cyprus could be set to see greater demand in the next 12 months as a budget airline has begin operating a new route between UK and Cyprus.
Monarch has started running its twice-weekly service between Larnaca and Birmingham Airport from March 2009. The move further enhances the ease of access to [...]

Popularity: 25% [?]