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By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
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SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
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By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
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Cyprus Internet Directory [ Foreigners shun Cyprus property ]

Foreigners shun Cyprus property

Foreigners shun Cyprus property
February 17, 2009

Cyprus property sales to foreigners in 2008 fell sharply by 41% to 6636 from 11.281 sales in 2007, taking the level back to 2005 levels when property sales amounted to 6485, according to Land Registry data. The situation is even worse in the new year, since according to preliminary data for January 2009, property sales to foreigners is down 72% to 131.
Paphos is the worst hit with property sales to foreigners declining on average 54% to 2273 units in 2008 from 4971 in 2007. The free Famagusta area follows with a 48% decline to 1285 from 2480 while the other areas are all showing declines averaging 20%.
Specifically, property sales in 2008 to foreigners in Nicosia fell to 390 from 483 in 2007, in Larnaca to 1605 from 1950 and in Limassol, where there is a very strong Russian community and interest, property sales fell to 1083 units in 2008 compared to 1397 in 2007.


(Source: Financial Mirror, http://www.financialmirror.com/News/Cyprus_and_World_News/14055)



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