The property market circles expressed their content for the Central Bank’s intention to loosen the lending terms for the purchase of second home. In their statements to StockWatch, they supported...
According to revised Eurostat data, construction output in Cyprus in the fourth quarter of 2007 rose to 5.7% from 3%. The growth rate of construction output in the third quarter of 2007 stood at 8.2...
17/04/2008
According to CYSTAT data released on Thursday, the price of building material in the first quarter of 2008 recorded an increase of 8.29%, while the price of oil for the same period soared 36.59%....
17/04/2008
The external demand of properties in 2008 will be subjected to an endurance test due to the international credit crunch and the significant downturn in the European property market. According to the...
11/04/2008
The investment activity of the construction sector has cooled off. According to CYSTAT data released on Wednesday, the total area of the projects that secured a building permit in January 2008...
09/04/2008
The businessmen requested by the Central Bank of Cyprus to loose the property financing so as to boost the investment activity and the construction sector. Their request was raised at the meeting...
03/04/2008
The Central Bank’s clarifications to the commercial banks on the loans for the construction or purchase of homes still cause a friction. The Valuators’ Association of Cyprus expressed its...
27/03/2008
According to CYSTAT data released on Friday, domestic cement sales in January – February 2008 recorded an increase of 25.4% to 330.1 thousand tons against 263.2 thousand tons in the corresponding...
21/03/2008
According to CYSTAT data released on Friday, the price of construction materials in January – February 2008 recorded an increase of 7.86%, while the price of oil for the same period climbed 36.77%....
21/03/2008
According to Eurostat data released on Wednesday, construction output in Cyprus slowed down, boosting estimates that the island’s economy will grow slower in 2008. Specifically, construction output...
19/03/2008