Cyprus News

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  Kings Avenue Mall in Paphos to be open by October 2013. The recent sale of Aristo Developers Venus Rock development to Chinese investors has strengthened the balance sheet of parent company Dolphin Capitals no end.
   
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  Cyprus Tops European water quality list with a clean sweep Cyprus topped a European list for all the right reasons yesterday with a top of the class quality of beach waters!
   
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  Coral Bay beach sees its best days in over 10 Years. Good news out of Peyia Municipality regarding the condition of its main attraction, namely the golden sands of Coral Bay.
   
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  PIMCO gives fascinating insight into the working of Cypriot Banks. The investment house PIMCO was given the job of assessing the amount of cash need for the Cypriot Banking system which resulted in most shocking report.
   
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  Big Bail In losers to be offered citizenship in Cyprus. President of the Republic of Cyprus Nicos Anastasiades yesterday offered citizenship in Cyprus for anyone who lost more than 3 million euro.
   
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  Cyprus Refinancing Blooms to 23 Billion Euro The total cost of the rescue of the Cypriot economy swelled to 23 billion Euro from the originally planned 17 billion.
   
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  Banking crisis in Cyprus doesn’t scare away property buyers and tourists. Widely covered crisis of banking system in Cyprus in reality had very little effect on ordinary tourists and average investors in the housing market of the island.
   
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  D’OH!…. Europe makes a mess of Cyprus bailout. Friday’s meeting of the Euro Group of European finance ministers ran into a marathon 10 hour session ending with the most controversial of decisions.
   
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  Bailout for Cyprus by the end of the month Promptly after his election the new president Nicos Anastasiades shows with his decisive leadership what we have been missing over the last five years.
   
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  Anastasiades wins, but the show goes on. Most of Cypriots went to the polls yesterday in what is widely seen as the most important vote in a generation.
   
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  MoU – Memorandum of Understanding or 29 pages of what is wrong with Cyprus by the Trokia. The Memorandum of Understanding reluctantly signed by the Cypriot Government and the Trokia of International lenders comprising the EU, IMF and European Central Bank makes an interesting read.
   
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  Cyprus steps back from the precipice. A steady stream of leaks into the Cypriot governments negotiations with the “Troika” group of international lenders last week have shed some light on just how close President of the Republic Dimitris Christofias came to doing a “Mari” on the entire Cypriot economy.
   
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  Cyprus is dithering over bailout as the clock ticks. Despite asking for a bailout way back in June it looks like Cypriote officials could miss the November 12 meeting of the Eurozone finance ministers.
   
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  Troika has all the cards, but Cyprus insists on playing Poker. European leaders yesterday called for a swift end to negotiations with the Cypriot government over the proposed bailout.
   
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  European Capital of Culture in 2017 is ……… Paphos! One can witness jubilant scenes in Paphos as the city was recently awarded the honorable title of European Capital Of Culture for 2017.
   
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  Nautilus takes to the water in Paphos Harbor. One was witnessing a surreal scene today in Paphos Harbor as “Nautilus” from the fictional novel “Twenty Thousand Leagues Under the Sea” and “The Mysterious Island” was carefully lifted by crane and launched into the Harbor waters.
   
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  Cyprus tourist arrivals up, Russian visitors way up! The general economy in Cyprus has seen better days for sure, but although it seems to be all doom and gloom several rays of light have pierced the dark clouds, at last.
   
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  Cyprus is increasing its presence in Russia The Cypriot ambassador in Russia has recently announced that by the end of 2012 Republic of Cyprus will be opening three more General Consulates in Russian cities of Yekaterinburg, Samara and Krasnodar.
   
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  The Learning Center Peyia (TLC) to give extra choices to parents The Learning Center in Peyia has obtained a new licensed site in St George and plan to have their new school ready by the start of the next academic year (September 2012).
   
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  Cyprus Bailout Inevitable Cyprus Popular Bank boss Michalis Sarris has said yesterday that the Cypriote government would have to resort to EU bailout in order to recapitalize its stricken banking sector.
   
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  Cypriot EU Presidency to coincide with financial woes Cypriot president Demetris Christofias looks like he is due to have his hands full over the next six months.
   
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  Rio Cinemas Paphos opens The “Planet Adventure” complex at the entrance to Paphos has been open now for a few months.
   
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  Works at Kings Avenue Mall have accelerated Although it appears that the project has stalled with many different rumors circulation many people are very interested in the Kings Avenue Mall site here in Paphos.
   
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  Old Larnaca Airport to Become a Chinese Exhibition Center Hermes Airports and the Chinese company Far Eastern Phoenix Ltd have signed a final agreement to redevelop the Old Larnaca Airport site at a cost of 600 million euro.
   
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  RYANAIR to set up a Paphos Hub The new international airport in Paphos is to host two Ryanair Boeing 737-800 on a permanent basis.
   
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  Sea Caves Shipwreck becomes tourist attraction. Edro III, the Sierra Leone flagged cargo ship, that run aground in the Sea Caves area of Paphos on the 7th of December has become an unlikely tourist attraction.
   
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  Noble Energy Report “Significant” Gas Find in Cypriote Waters. Noble Energy’s Chairman and CEO Charles D Davidson has announced that block 12 of the Aphrodite field located to the south-east of the island contains 5-8 trillion cubic feet of natural gas.
   
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  Kings Avenue Mall in Paphos. We have several reasons to be closely watching the building progress of the Kings Avenue Mall, located on Tomb Of The Kings.
   
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  Russia lends Cyprus 2.5 Billon Euro. On the 23rd of December in Moscow Cyprus and Russian Federation signed the bilateral deal which will see Russia lend the Cypriote government 2.5 Billion Euro over 4.5 years at a rate of only 4.5%.
   
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  Russian Businesswoman of the Year Award 2011 Only months after scooping the best Real Estate Agency website in Cyprus, we are extremely proud to announce that our company’s co-founder Yanina Osipova has won the Russian Business Woman of the Year Award.
   
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  How to get from Larnaca airport to Paphos for only 11 euro One of the most frequently asked questions from our buyers is whether there is an economical alternative to the expensive taxi service from Larcana airport to Paphos, which is normally priced at a hefty 125 euro a trip.
   
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  Update on new retail developments in Paphos Having written back in January about many new exciting projects, that are currently progressing throughout the Paphos area, we bring you an update on these developments.
   
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  Exciting Entertainment and Retail developments in the Paphos Area Amongst the road works improving the drainage system in Paphos area lie some exciting new retail developments. There are several new developments currently on the go in the Paphos. Let’s take a little time to go over the main 3 and highlight what they will bring to the local area.
   
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  City rivalries between different towns in Cyprus extend well beyond Soccer. Paphos and Limassol have a long tradition of friendly rivalry with Limassol holding a lead, but the tide is turning in favor of the West Coast resort town.
   
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  Who dares – wins There are some good deals out there, and the best ones don’t stay for sale for long.
   
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  Pay upfront to sell my Property………You must be joking! Paying upfront fees to sell a property is not uncommon in Cyprus, but in difficult times sellers should only pay once the property is sold.
   
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  Free market Economics – Let the Best Agent Win. Long term exclusive agency agreements can prevent your resale property in Cyprus from being sold and should come with a "government wealth warning”.
   
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  There’s Life, Jim (In The Cyprus Property Market), but not as we know it. Cyprus property market has taken a bit of pounding over the last few years, but there is life still flourishing in the resale market and it’s all thanks to those beleaguered property developers.
   
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  New tendencies on Cyprus resale market Over the period of 2009-2010 a new tendency has become more and more obvious – this is the increased share of the resale properties amongst the overall property sales in Cyprus.
   
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  Limassol marina foundation stone After over 20 years of planning, proposals and bureaucratic delays, construction work on the first of the five large marinas in Cyprus should start in Limassol in the next couple of months.
   
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  Cyprus offers top international property prospect Cyprus offers one of the best international property prospects around, a member of the country’s government has remarked.
   
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  Blue Flag record for Cyprus Beach holidays in Cyprus have seen a significant boost with the island receiving a record number of Blue Flag awards.
   
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  Easier procedures for getting Permanente Residence Permit The recent circular from the Ministry of Interior dated 07/05/2009 establishes the following policies in Cyprus.
   
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  Smoother visa procedures for Russian tourists Visa application forms will be filled out online on a Cyprus government website and the information submitted to the consular services. Once the Cypriot consulate determines that everything is in order, it will ‘pre-approve’ a visa and send it to the applicant via email.
   
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  Legal problems with Northern Cyprus property Following a ruling by the European court, British owners face huge damages.
   
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  Get ahead in the Med Cyprus is surging forward with state of the art homes Sitting at the crossroads of three continents, the eastern most Mediterranean island of Cyprus not only enjoys an enviably long summer, but draws a rich mix of buyers.
  
   
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  Second Hand Property The Second Hand Property / Resale market is going from strength to strength in Cyprus, with more buyers realising the potential savings that can be made buy buying second hand property.
   
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  Russian holders of Schengen visa can now enter Cyprus without national visa Starting March 2009 the Council of Ministers of the Republic of Cyprus made a decision that the Russian citizens, holders of the valid Schengen visa....
   

Cyprus Property News

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  Fast Track Vs Standard application for Cyprus Visa F or permanent residency permit. Recent changes by the Cypriot government have lead to confusion related to obtaining permanent residency permit or visa “F”.
   
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  Laiki Bail In losers offset losses by purchasing indebted properties in Cyprus. Soon after the proposed resolution of Laiki Bank it became apparent that deposits would be offset against any debt within Laiki, offering a window of opportunity for shrewd minds.
   
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  When there is blood in the streets, buy a property in Cyprus! The Cyprus real estate market has been hit hard and prices have suffered a severe drop. We investigate why now is exactly the right time to buy.
   
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  Sellers of property in Cyprus should be careful before employing their developer to sell their resale. When property owners approach their developer with news of their intention to sell their home, the developer more often than not offers the service in finding a buyer.
   
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  Cyprus to turn into a true “Casino Economy”. President of the Republic of Cyprus Nicos Anastasiades announced a raft of new measures designed to stimulate the economy that is expected to contract by at least 12% over the next year.
   
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  Tweet Tweet: Improved Cyprus property news on Cyprus Resales. The sharp and insightful news articles on our award winning website have become a favorite read with our international clients.
   
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  Best Estate Agent in Cyprus? Cyprus Resales! During turbulent times you will find that strong companies step up to the plate by becoming a rock in a stormy sea.
   
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  Chinese property sales in Paphos under the microscope. For a stranger walking down Paphos streets or travelling in their car from either of two Cypriot airports it must seem that Cyprus has become a little China.
   
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  Cyprus Resales cap a great year with more sales. During 2012 we have cemented our position as the #1 company in the market for resale property in Paphos.
   
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  The Lighthouse by Pafilia demonstrates value of resale properties in Paphos. Pafilia Developers’ recent release of the new project “The Lighthouse” directly adjacent to the UNESCO world heritage site goes a long way in highlighting the reasons why resales are becoming increasingly popular.
   
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  Paphos Kings Avenue Mall helps stabilize property market. Back on the 3rd of October we wrote about the most recent progress with our neighbor – The Kings Avenue Mall.
   
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  Cyprus Resales defies stagnant market Cyprus Resales have bucked the negative trend by setting sale's records during 2012.
   
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  Kings Avenue Mall is finally going up. Building works with our neighbor, the much anticipated Kings Avenue Mall, seemed to have stalled over the last months fueling numerous theories as to the future of the building.
   
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  New rules for Permanent Residence in Cyprus to boost property sales and bank deposits. Cypriot Ministry of Interior guarantees Permanent Residence status to non-EU national investing in Cyprus property.
   
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  Main Cypriot Banks close doors to mortgages as Troika discussions continue. The two biggest banks in Cyprus Marfin Laiki Bank and Bank Of Cyprus with a combined market share of almost 50% have closed their doors to any lending ...
   
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  Cyprus Resales Android App V2.2 in Google Play Last year we put one toe into the App market place for smart phones and tablets and we were amazed with the results.
   
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  Another year and another Industry Award for Cyprus Resales. Again Cyprus Resales clean up at the International Property Awards winning for the second consecutive year the “Best Real Estate Agency Website In Cyprus”.
   
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  Cyprus properties that get sold, stay SOLD! We are always amazed by the number of people who inquire about properties that are marked as SOLD.
   
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  What will be the future of The Cypriot property market post bailout? With Cyprus being on the brink of a bailout of its banks and perhaps its wider economy, one of the questions on the minds of buyers and sellers is, “What will be the impact of the bailout on the Cypriote property market?”
   
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  Just listed, not one, but 2 frontline Sea Caves villas for sale Marketing at Cyprus Resales is extremely successful and although we have quality properties to suit all budgets our success rate in marketing large luxury properties is second to none in Cyprus.
   
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  Want to Buy a Cybarco, Pafilia or Leptos built property? No problem! We often hear from our international clients that they want to buy a Cypriote property built by one of the large development companies.
   
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  Quality and Price Rule Among what appears to be an avalanche of properties for sale it can be hard to see that the vast majority are not worth consideration.
   
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  Cyprus Resales give the whole picture! Our listings where already the best in Cyprus and we have added a host of new features to every property listing.
   
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  New lending Credit Crunch comes to Cyprus BREAKING NEWS!
   
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  Quick Response Codes For our Print Pages As it seems that almost everyone now has a smart phone of some type we have added QR (Quick Response) codes to our print pages.
   
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  Properties with Title DEEDS Urgently Required! We currently have several spare slots on our books for quality resale property in Paphos area.
   
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  Cypriote Government to amend Property Transfer fees. Yesterday the House of Representatives unanimously agreed on changes to the property transfer fees paid to the government when a title deed is transferred to a new owner.
   
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  Not all Title Deeds will be made the same New legalization aimed at finally addressing the farce of issuing the tile deeds is far from straight forward.
   
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  RICS Property in general and especially in Cyprus is notoriously difficult to value. Most valuations are done using an objective or scientific approach, where easily measured variables such as plot size and covered area are at the top of the list of criteria, used to value property.
   
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  Cyprus Resales Scoops International Award! We are proud to announce to all our customers that our website has been awarded “Best Real Estate Agency Website For Cyprus” at the 2011 European Property Awards in association with Bloomberg Television and Google.
   
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  Cyprus Resale Mobile Phone Apps Launched In our perpetual effort to make our website more user friendly we have developed our own Apps for the Google’s Android powered systems and or iOS (iPhone, iPad & iPod).
   
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  Recent changes to our website We are sure all our customers (both buyers and sellers) will agree that our main website www.cyprusresaleproperties.com is an exceptional tool for a property search in Cyprus.
   
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  Cyprus Resales launch a new Russian website. In a joint venture with our Russian partners we are happy to announce the launch of another Russian website http://propertyincyprus.ru
   
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  Sometimes it’s hard to see the wood for the trees! There appears to be an abundance of Cyprus Properties for sale, but the reality is that very few of them are quality properties.
   
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  Focus On Hillside Property As a bit of a rebuttal to our news article published on 26/02/2011 “Focus On Seaside Property” we will have a look at property on the elevated areas that surround Paphos, concentrating on Kamares, Tala and Peyia areas.
   
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  Focus On Seaside Property The benefits of living by the sea have been well documented. Let’s have a look at some of the excellent coastal property currently available at Cyprus Resales (http://www.cyprusresaleproperties.com ).