https://knews.kathimerini.com.cy/en/news/russians-top-list-of-property-buyers-in-the-first-months-of-2023
Russian nationals were by far the largest group of foreign real estate buyers in Cyprus during the first two months of 2023, according to data by the Department of Lands and Surveys,...
https://knews.kathimerini.com.cy/en/news/finance-minister-calls-on-banks-to-delay-foreclosures
The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...
https://knews.kathimerini.com.cy/en/news/foreclosure-sales-to-restart-after-parliamentary-vote
The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....
https://knews.kathimerini.com.cy/en/news/lower-deposit-and-mortgage-interest-rates
The interest rates for household deposits and housing loans slightly decreased in January, while interest rates for non-financial corporations increased, according to data published by the Central Bank of Cyprus on Friday. These statistics are included in the February 2023 Monetary and Financial Statistics edition....
https://knews.kathimerini.com.cy/en/comment/opinion/thinking-of-investing-in-real-estate-don-t-do-it
A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....
https://knews.kathimerini.com.cy/en/news/mortgage-to-rent-plan-approved
The Cabinet has approved the Treasury's proposal to establish a "rent versus installment" scheme known as mortgage to rent....
https://knews.kathimerini.com.cy/en/news/a-large-number-of-foreclosure-notices-to-be-sent-tomorrow
Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...
https://knews.kathimerini.com.cy/en/news/the-demand-for-new-homes-is-dwindling
The large investments and development projects mentioned by Minister of Transport and Works Yannis Karousos in his ministry's recent project presentation may have kept the construction and real estate sector afloat until 2022, but the industry still faces challenges....
https://knews.kathimerini.com.cy/en/comment/opinion/looking-ahead-to-2023-house-prices-in-cyprus
The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....
https://knews.kathimerini.com.cy/en/news/new-loans-up-despite-interest-rate-hike
Total new loans in November 2022 increased by €172.8m compared to the previous month, despite an increase in interest rates across all loan categories. ...
https://knews.kathimerini.com.cy/en/news/one-million-britons-at-risk-of-becoming-homeless
Lord John Bird, the founder of Britain's street newspaper The Big Issue, has stated that a million, if not more, people in the country are at risk of falling into poverty and becoming homeless because they are unable to pay their rent or mortgage....
https://knews.kathimerini.com.cy/en/business/consulco-launches-its-direct-real-estate-investment-services
Consulco, the London investment specialist has launched its direct real estate investment services assisting overseas investors to acquire and manage residential properties in central London. ...
https://knews.kathimerini.com.cy/en/news/cyprus-gets-taste-of-eu-s-€85-million-with-a-caveat
Cyprus will get Friday the first tranche of €85 million from the EU's Recovery and Resilience Mechanism, with European Commission technocrats also pointing to repeated suspensions of foreclosures in Cyprus that create problems in terms of achieving the goal of further reduction of NPLs...
https://knews.kathimerini.com.cy/en/business/small-number-of-banks-meeting-new-loan-demand
The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter.
...
https://knews.kathimerini.com.cy/en/news/ecb-banks-in-italy-portugal-greece-cyprus-could-see-highest-rise-in-npls
Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....
https://knews.kathimerini.com.cy/en/business/who-benefits-from-the-proposed-rent-to-mortgage-scheme
The "Rent vs Instalment Scheme", now known as the "mortgage to rent" scheme, is nearing completion, with implementation set to begin in January 2023. ...
https://knews.kathimerini.com.cy/en/business/looking-for-a-strategy-to-suspend-foreclosure-sales
To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought.
...
https://knews.kathimerini.com.cy/en/news/when-a-vacation-is-less-expensive-than-staying-at-home
Can a vacation be less expensive than staying at home? That is exactly what EasyJet told British citizens, and the vacation package it offered for a trip to Egypt sold out in less than 24 hours....
https://knews.kathimerini.com.cy/en/news/new-loans-drop-in-august-for-the-second-month-in-a-row
Net new lending granted by Cyprus Banks fell in August by €182.3 million, recording a decrease for the second month in a row....
https://knews.kathimerini.com.cy/en/news/ask-wire-index-apartments-lead-the-way-in-sale-and-rent-price-hikes-in-q2
Ask WiRE, a company combining real estate know-how with technology has published its Q2 2022 edition of the Ask WiRE Index for property sale and rental values. The Ask WiRE Index covers all districts and main property types, with values from Q4 2009....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-now-is-a-good-time-to-follow-the-simple-rule-of-28-36
Rising prices have been a major topic of discussion over the past few weeks. In essence, however, little can be done by individuals to mitigate the effects of rising fuel and commodity prices on a global scale....
https://knews.kathimerini.com.cy/en/news/cypriot-president-signs-controversial-foreclosure-law
A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the country’s finance minister who accused lawmakers of populism...
https://knews.kathimerini.com.cy/en/business/foreclosures-suspended-until-the-end-of-october-2022
The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...
https://knews.kathimerini.com.cy/en/business/a-total-of-€362-9-million-euros-in-new-loans-recorded-in-may
A total of €362.9 million euros in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes....
https://knews.kathimerini.com.cy/en/news/us-fed-raises-interest-rates-by-75-largest-hike-in-30-years
The US central bank has announced its biggest interest rate rise in nearly 30 years as it ramps up its fight to rein in soaring consumer prices....
https://knews.kathimerini.com.cy/en/business/cbc-cryptocurrencies-are-a-potential-risk-to-the-economy
Losing 26% of its value in the last month, Bitcoin and other cryptocurrencies are in danger of dragging the "real economy" with their unpredictable fluctuations....
https://knews.kathimerini.com.cy/en/news/bodies-found-in-lake-mead-renew-interest-in-vegas-mob-lore
Las Vegas is being flooded with lore about organized crime after a second set of human remains emerged within a week from the depths of a drought-stricken Colorado River reservoir just a 30-minute drive from the notoriously mob-founded Strip....
https://knews.kathimerini.com.cy/en/news/cyprus-will-request-ec-permission-to-implement-mortage-to-rent-scheme
Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....
https://knews.kathimerini.com.cy/en/business/lower-interest-rates-on-deposits-and-consumer-loans
A decrease in interest rates on deposits and consumer loans and a marginal increase in the interest rates on mortgages can be seen in the data published on Thursday by the Central Bank of Cyprus for March 2022....
https://knews.kathimerini.com.cy/en/business/everything-you-need-to-know-about-crypto-today-at-least-for-the-next-8-hours
Don’t be intimidated by my headline if you know nothing about Bitcoin or the Bored Ape Yacht Club. You are in the majority....
