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25th April 2024
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Yearly Archives: 2016

News

Court bans banks foreclosing

Stelios Orphanides -
The Larnaca District Court has banned banks from foreclosing on properties used as collateral for loans for which courts gave the go ahead before the new foreclosure law came in effect last year.
News

Slight fall in building permits

Nigel Howarth -
The number of building permits authorised by the municipal authorities and the district administration offices during June 2016 stood at 455 according to the Cyprus Statistical Service.
Investment

Work to start on Ayia Napa marina

Stelios Orphanides -
The first phase of construction work on the Ayia Napa marina is scheduled to get underway on 30 September following the signing of an agreement between Makronisos Marina Ltd and Greece’s Terna A.E.
News

Swiss Franc loans: 80 per cent non-performing

Staff Reporter -
Although Swiss Franc loans declined €274 million in the first half of the year, 80 per cent of the remaining €1,778 million are non-performing according to the head of the Cyprus Central Bank's Supervision Division.
News

Strong growth in Cyprus property sales

Nigel Howarth -
The number of properties sold in Cyprus during August rose significantly compared to August 2015 according to the latest official figures published by the Department of Lands and Surveys.
Legal Matters

Law changes would curb illegal holiday rentals

Bejay Browne -
Massive losses of tax revenue, health and safety issues and illegal holiday rentals could be reduced if the law enabled more homeowners to register their properties with the Cyprus Tourism Organisation.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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