Real Estate News
The decline in real estate prices has noticeably slowed down
According to the Central Bank of Cyprus, apartment prices in Cyprus on average fell by 2.1% and house prices by 1.8%.
Property in Troodos Mountains
Buying a property in Troodos Mountains in Cyprus could not only be a perfect winter place where the whole family would gather together during the Christmas season but also it can be a great alternative to escape from the heat during summer.
Property sales in Cyprus increased by 26%
Property sales in Cyprus have been growing for six consecutive months!
The demand of the CIS citizens for the European real estate has increased
At the moment, the CIS citizens have been showing an increased interest toward the Western European real estate market.
Junior golf championship
The first international golf championship among juniors will take place on 21 September in Paphos. The Cypriot team will play against the Greek one. The Greek team consists of eight players — six young boys and two girls.
Cyprus' economic recovery has been showing outstanding results
Denmark’s new Ambassador, Mette Knudsen has said that Cyprus` economic recovery is making a lot of progress lately by moving ahead of the planned schedule, and that has been recognized by the partners of Cyprus.
‘Renova Group’ became a shareholder of Bank of Cyprus
“Renova Group” became the second largest shareholder of the Bank of Cyprus
During the first eight months of 2014 - 483,000 tourists from Russia visited Cyprus
The number of Russian tourists in Cyprus this year has increased in comparison to the previous year - according to the data of Association of Tour Operators of Russia.
The official opening of Minthis Hills
September 17 the official opening Minthis Hills, the project company Pafilia Property Developers
EBRD is about to invest € 800 million in the economy of Cyprus
European Bank for Reconstruction and Development (EBRD) has declared its will to invest about € 800 million in the economy of Cyprus, mainly in the sectors of energy and tourism, as well as the privatization of parastatals and some other large projects that are valued at € 10 million each.
Drop in fuel prices
Star Oil manager Giorgos Petrou said recently that mostly all fuel companies of Cyprus will be lowering fuel prices due to the global drop in oil prices.