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RICS: Recovery but uncertainty in 2011
The rebound in most European property markets is ongoing, but uncertainty remains. This is the summary of the current situation according to a recent report «European Housing Review» of RICS (Royal Institution of Chartered Surveyors). Buying residential property in Belgium, … Continue reading
Improved business climate in November
The November 2010 the business climate showed improvement, with the Index of Economic Research (IIA) to grow by 9.1 points compared with October of that year. The improvement of the TEC in November mainly due to the improved climate in … Continue reading
The property owners are against for the proposed tax bill
The property owners are against for the proposed tax bill regarding increased rates on properties, which is considered by the government. That said, the President of the Association of Property Owners (KSIA) George Strovolidis before the House Finance Committee of … Continue reading
Landmark Tower: The tallest building in Nicosia from Nartia Holdings Ltd
Nartia Holdings Ltd plans to build the tallest building in the center of Cyprus , Nicosia. The building will have about 35-40 storeys and will include a shopping mall, five star hotel with 100 rooms, conference center and conference rooms, … Continue reading
Real Estate Brokers: Reduced Turnover
A significant number of real estate brokerage offices throughout Cyprus is facing layoff due to reduction of work or suspend their operations with a potential restart in the future if economic conditions in the housing market improved. According to the … Continue reading
Cyprus Land and Property Owners Organization Announcement
The property owners are against on the proposed legislation regarding increased rates of real estate property tax, which is considered by the government. That said by the President of the Association of Property Owners (KSIA) George Strovolidis before the House … Continue reading
K. Athienitis Contractors: Profits
Profits of 6 million euros recorded in the six months of 2010 K. Athienitis Contractors and expects even greater gains by the end of the year as secured property sales value 16ek . million on projects under implementation. The corresponding … Continue reading