International real estate developer HB Reavis announced that construction has commenced on Varso Place, its flagship development in Warsaw city centre. Plans for the 140,000 sq.m. mixed-use scheme include one of Europe’s tallest towers and two mid-rise buildings. Completion is scheduled for 2020. Varso Place’s showpiece will be a 53 storey office tower designed
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Condominium prices in Germany’s strongest growing cities will rise by an average of 3% in each of the next two years, according to figures from empirica, published by Handelsblatt with a detailed analysis of property price forecasts for 2017. Rises of 5% are to be expected in Munich, while rental prices will add between
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. Since 1974, Greek Cypriot refugees have rightly been allowed access and right of use of Turkish Cypriot properties abandoned by their owners who fled to the north, while most Greek Cypriot homes and land were sold to foreigners who will be called to give up their right or directly compensate the original owners.
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Bank of Cyprus Holdings (BOCH) made a “satisfactory” debut on the London Stock Exchange main market on Thursday, with about 800,000 shares changing hands by later afternoon, that saw the stock trading at EUR 3.35, at the bottom of the day’s range of 3.35-3.55. It had opened trade at EUR 3.27, but half-way
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Property prices seem to improve marginally in the third quarter, but dropped by just over 3% from a year ago, according to a preliminary estimate of the Statistical Service Cystat. The House Price Index (HPI) for the third quarter of 2016 amounted to 87.76 unit, which compared to the second quarter’s 87.56 increased by
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Bank of Cyprus Holdings, the Irish-based holding company of the restructured Cypriot lender, saw its debut on the London Stock Exchange main market on Thursday with the stock trading at EUR 3.60, while in the “home market” of the Cyprus Stock Exchange, it was quoted at a discount, fetching EUR 3.20. An hour into
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By Hussein Sayed, Chief Market Strategist at FXTM The U.S. dollar has been on a roller-coaster this week. After dropping by more than 1% on Tuesday, the dollar index recovered 0.9% from its lows. The steep drop in the currency came after comments from President-elect Donald Trump suggesting that the dollar is too strong, and
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Cyprus will host the 26th Annual General Meeting of the Board of Governors of the European Bank for Reconstruction and Development (EBRD) and the Business Forum titled “Targeting Green and Inclusive Growth: Meeting Regional and Global Challenges”, from May 9 to 11. The host Ministry of Finance considers the success of the whole event
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Vancouver-based Seaspan Ferries Corporation has launched the first of a new pair of emission reducing ferries that have entered service in British Columbia and have been certified by the international classification society Bureau Veritas. SFC, part of the Seaspan ULC Group that provides marine-related services to the Pacific Northwest, has taken delivery of the
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Tourist arrivals reached 3.18 mln last year, setting an all time record, according to statistical service Cystat data, with the Cyprus Tourism Organisation hailing 2016 as “a landmark year.” Total arrivals reached 3,185,531, an increase of 19.8% from 2,659,405 in 2015. The previous record in arrivals was set in 2001 with 2,696,700. Arrivals from the
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