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Monthly Archives: March, 2014

Investment

Citizenship for sale reports denied

Editorial -
The Cyprus Interior Minister has rejected press reports that the government is changing the rules for acquiring Cypriot citizenship by foreign investors by reducing the amount for large investments.
Investment

Property prices set to rise says sales director

Elias Hazou -
Director of sales at BuySell Cyprus Chris Hajikyriacou believes that property prices have bottomed out and should start to rise, warning that if you don't buy now, you're going to miss the boat.
News

Cyprus Central Bank circular on loan restructuring

Editorial -
The Central Bank of Cyprus has issued a circular to the commercial banks following much criticism about their practices for restructuring the loans of those having difficulty in maintaining repayments.
Legal Matters

Famagusta developer jailed for two years

Staff Reporter -
Cypriot property developer Kyprios Kyprianou, who was found guilty of fraud after selling the same property twice, has been jailed for two years by the presiding judge at the Famagusta District Court.
News

Little progress on Immovable Property Tax debtors

Nigel Howarth -
Phileleftheros, the Greek language newspaper, has reported that little progress has been made to collect the €9.6 million Immovable Property Tax plus interest owed by developers and hotels.
Investment

Knight Frank Global house price index

Nigel Howarth -
The Knight Frank Global House Price Index, which charts the growth and decline of house prices worldwide, lists Cyprus as one of the weakest housing markets above Hungary, Ukraine, Croatia and Greece.

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