Archive for Tag: Property News

Cyprus Property Demand & an Explanation of the Price Hike in 2019

The last financial year in Cyprus saw one of the biggest periods of growth in recent years, with financiers citing economic symptoms similar to a boom. Especially regarding property sales and investments on the island, with similar growth in tourism; nominated investments for the Cyprus passport scheme; and demand...

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European Countries are Offering Citizenship for Investment: 2018-19

The passport-via-investment market first came into existence in the 80's, when the exotic islands of St Kitts & Nevis first decided to bring additional foreign investment into the country in return for passports. Countries across the world copied the concept with their own schemes to provide foreign investors with...

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Non-Performing Loans: Where is the Middle Ground for Cyprus Lenders?

  A significant repercussion from Cyprus’ 2008 financial crisis was the recent closure of the Co-operative bank; due in part to the strict punishments enforced by the Cypriot authorities, the bank was famously unable to recover financially and filed for bankruptcy. Mr Kyrytopoulos Konstantinos, a Finance Professional from the...

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Cyprus Announces Limit on Passport-by-Investment Scheme

 The Council of Ministers has responded to criticisms and has announced that the island will be limiting the number of naturalisations of investors granted under the citizenship by investment scheme to 700 a year going forward, starting this year. The citizenship-by-investment scheme will also be renamed the “Cypriot Investment...

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Non-performing Loans Initiative Within the Cyprus Property Sector

Following comments from the troika on the particularly high levels of non-performing loans (NPLs) within the property market, the Cyprus government is formulating suggestions to recover the liquidation and foreclosure legislation. Speaking at the Economic Congress in Nicosia, the Cyprus Finance Minister stated that depending on investor interest in...

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