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Archive for January, 2017

Cyprus property prices up Q3 2016

The RICS Cyprus Property Prices Index for Q3 2016 reports increases in almost all districts and property types, with largest increase in apartment and house prices recorded for Limassol and Paphos respectively.

October building permits down 4 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during October 2016 stood at 449 according to the Cyprus Statistical Service.

Another hurdle for Paradise home buyers

Home buyers on the Paradise Hills estate at Marathounda in Paphos have yet another hurdle to content with as tens of thousands of litres of water cause ground erosion and subsidence

Cyprus house prices down

House prices in Cyprus fell by 3.3 per cent in the third quarter of 2016 compared to the third quarter in 2015 according to the House Price Index published yesterday by Eurostat in a news release.

Swiss Franc mortgages interim judgement

The first Cypriot (interim) judgement has been awarded by the Nicosia District Court in a case that affects many bona fide borrowers who bought property with a loan denominated in Swiss Francs.

Suicide victim’s widow calls for justice

The widow of a British suicide victim is calling for institutions in the UK and Cyprus to be brought to account in connection with the Cyprus property mis-selling scandal that has devastated the lives of so many.

New repossessed property regulations

New regulations allowing the banks to rent and maintain repossessed properties on their books and allow them to complete unfinished properties are being discussed by the house finance committee.

Property sales soar (update)

The number of property sales contracts deposited at Land Registries across Cyprus in December was the highest recorded since September 2008 according to official figures from the Department of Lands & Surveys.

Cyprus property fraudster convicted (update)

Sascha Morris, who sold off-plan properties to Cyprus property investors, has been convicted of fraud at the Leeds Crown Court following a prosecution by the CPS Specialist Fraud Division.

Ambitious plan for Larnaca port unveiled

A new, ambitious plan for the Larnaca port has been unveiled by the Transport Ministry, which includes a marina to hold 750 50-metre yachts, 50-60 mega and Giga yachts and a 300m cruise ship.

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