articles about Cyprus Real Estate News

Cyprus Oil and Gas Update

Cyprus Oil and Gas Update & Conclusions Cyprus’ effort to develop its oil and gas reserves has met with significant headwinds thanks to technical issues, internal weaknesses and geopolitical risks. On the technical side, the relatively slow rate of exploratory drilling by oil majors reflects uncertainty in natural gas development in the eastern Mediterranean and the global energy market. The rise of US shale gas and the impending commissioning of massive natural gas projects in Australia leads many observers to forecast declining natural gas prices. Given the risks in the east... Read More

Cyprus Property Sales Increase

Property sales in Cyprus continue to increase  In August 2014, Cyprus property sales went up for the sixth consecutive month compared to August last year. The number of Cyprus sales contracts that were deposited at Land Registry offices across Cyprus reached 355. In August last year, there were only 266 such contracts. In percentage terms, it was a substantial increase of 25.9%. Property sales in Limassol increased by 122.8%, in Larnaca-by 35%, in Famagusta-by 8.7%, while in Nicosia and Paphos they dropped by 13.1% and 10.6% respectively. The number of properties sold in the January t... Read More

Cyprus Economy doing better and upgraded

Reforms bringing results, Cyprus says after ratings upgrade Reforms bringing results, government says after ratings upgradeECONOMIC reforms are starting to yield results, the government said yesterday after one credit-rating agency upgraded its rating and a second its outlook for the country.“Government efforts to reform the economy are beginning to show tangible results… this effort must clearly continue,” deputy government spokesman Victor Papadopoulos said.Standard and Poor’s on Friday raised Cyprus’ credit rating a notch to B+, reflecting what it said was th... Read More