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Archive for May, 2013

Probe into ‘suspicious’ Turkish Cypriot land deal

The cabinet has decided to appoint an investigative committee to look into the purchase of Turkish Cypriot land in Larnaca following an angry row between the present and former Interior Ministers.

Limitation time bomb six month fuse delay

The one year transition period provided for in the limitation law that Cyprus introduced in 2012 has been extended by six months following an agreement reached by parliament earlier this week.

Race to revalue half a million properties

The race is on to complete the revaluation of some 500,000 properties island-wide by the end of June 2014 to meet one of the bailout conditions agreed with Cyprus’ international lenders last month.

Church unveils large-scale construction projects

The head of the Cyprus Orthodox Church, Archbishop Chrysostomos II, has unveiled plans to build a major hotel in Paphos with Russian investors, an English-speaking school in Nicosia and a geothermal park.

Chinese investors aim to pour 1.5 billion into Cyprus

A delegation from the Hong Kong-based conglomerate ‘China Glory National Investment’ was received by Cyprus President Nicos Anastasiades at the Presidential Palace on Monday.

Sale of Venus Rock Golf Resort

The sale of the Venus Rock Golf Resort to a Hong Kong based conglomerate of international investors has been announced in a press release issued by Dolphin Capital Investors Limited.

Immigration permits for non-EU nationals

The Interior Ministry recently announced changes to the procedures for granting Immigration Permits (Permanent Residence) to third country (non-EU) nationals who intend to invest in Cyprus.

Combatting construction sector decline

The Federation of Associations of Building Contractors Cyprus has submitted a number of proposals to the Government and political parties aimed at supporting the sector and creating conditions for its recovery.

Property highlights all that is wrong

For years, our administration and banks have cleverly created a captive audience, holding householders to ransom by refusing to issue title deeds. Oh yes, there is method in this title deed madness!

February building permits dip 24 per cent

Although February saw a 24 per cent dip in the number of building permits authorised compared with February 2012, the number issued for the construction of new homes increased by one fifth.

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