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31. 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....

32. 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....

33. 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. ...

34. 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. ...

35. 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....

36. 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....

37. 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....

38. 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....

39. 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....

40. 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....

41. 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....

42. Rise in consumer loans and housing purchase in September

New consumer loans, mortgages and new loans above €1 million increased in September compared to the previous month of this year,...

43. Support schemes added to fight lockdown consequences

Alongside the tough restriction measures that came into effect on Thursday, additional support schemes were announced by the ministers of finance and labour in a bid to cushion the inevitable economic blow....

44. Loan payments to be suspended for nine months

After over two weeks of discussions between the Ministry of Finance, the Ministry of Labor, the Central Bank, the Association of Cyprus Banks and other financial entities to minimize the impact of coronavirus on the Cyprus economy, white smoke has emerged with all parties agreeing that payoffs for all types of loans are to be suspended for nine months....

45. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

46. Agia Fyla co-op scandal ends with acquittals

Four defendants in the Agia Fyla credit union scandal have been acquitted on all charges, with criminal judges citing failure on the part of the police to prosecute the case...

47. Auditor General blows whistle on Pissouri payouts

Auditor General Odysseas Michaelides is calling on the interior minister to seek a legal opinion before reaching a final decision on Pissouri payouts due to landslide problems...

48. Finance Minister to stay on until the end of the year

49. Finance Minister speaks to Euronews on Cooperative sale

50. New study and payouts for Pissouri landslide

Tax payers may have to foot the bill for Pissouri homeowners affected by an active landslide, but details remain unclear as to how much money and who may qualify...

51. Cyprus mortgage values drop by €62.28 million during April

The number of mortgages issued in April reached 1,317 down from 1,804 in March when their value was €299.63 million...

52. Bad loans still high despite fast economic growth

Cyprus' economic growth has been supported by construction, tourism and professional services...

53. UK home-sellers raise prices by most since 2007

Asking prices in the first quarter of 2018 as a whole were 3 percent higher than at the end of 2017...