Latest Headlines

Archive for 2013

Interview with Matthew Kidd, the High Commissioner

During our discussion we touched on many issues facing those who have bought property in Cyprus including the problems of hidden mortgages, Title Deeds and possible repossessions.

Open letter to John Hourican

In an open letter to John Hourican, the CEO of the Bank of Cyprus, a buyer from Scotland asks if the bank intends to call in the security it holds on homes to help repay developers’ debts.

Offers to abandoned Tala development buyers

People who bought property on a development in Tala that is sliding down the hillside are to be offered alternative homes in Paphos of equal value and with Title Deeds by Tremetoushiotis developers.

Illegal use of state-owned land

Actions against the illegal use of state-owned land worth millions of Euros have not moved forward for years due to a lack of resources at the Lands Office, according to a report in today’s ‘incyprus’.

Significant risks for Cyprus remain

Although Cyprus is well on track with its economic adjustment program, the IMF has warned that significant risks remain pointing out that decisive action to deal with non-performing assets is essential.

The state of our economy

Let’s engage in some self-criticism, recognize our mistakes, and try to overcome the impasses, shedding old habits; and this goes for businesses and banks alike. It’s time for us to change.

NPLs of 22 developers highlighted by Troika

Troika calls for the non-performing loans of the top 22 corporates and real estate developers to be dealt with by “Special Projects Division” within the Bank of Cyprus to get them performing again – or seize collateral.

yoo to launch first project in Cyprus

yoo, the global design, development and branding firm is to launch a luxury coastline project in Cyprus under the ‘yoo inspired by Starck’ brand, headed by the one of the world’s most revered designers Philippe Starck.

Special unit for tax dodgers

In the wake of yesterday’s report about the thirty two property development companies that have yet to settle their large Immovable Property Tax bills, the government is planning a special unit to deal with tax dodgers.

Unpaid Immovable Property Tax from 32 developers

Politis, the Greek language newspaper, has listed the names of thirty two property developers who failed to pay their Immovable Property Tax to the Inland Revenue by the due date of 15th November.

Page 1 of 2612345Last »

Back to top