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Monthly Archives: May, 2017

Investment

Golden Visa Program raises €4 billion

Staff Reporter -
The Cyprus Golden Visa Program, which enables non-EU citizens to purchase Cypriot passports and residency permits by investing money in property and other sectors, has raised €4 billion.
Legal Matters

Why trapped buyers law unconstitutional

Marina Massoura -
Marina Massoura from the law firm of L.G. Zambartas LLC explains why the trapped buyers law was ruled as being unconstitutional by the District Courts in Limassol and Paphos.
News

Ten years to reduce NPLs

Stelios Orphanides -
The Cyprus Central bank expects it will take up to 10 years for non-performing loans (NPLs) to drop to manageable levels at the current rate of economic growth, Chrystalla Georghadji told reporters on Friday.
Legal Matters

Trapped buyers could lose their homes

Nigel Howarth -
The Limassol and Paphos District Courts in Cyprus have both ruled that the trapped buyers' law, which enabled those duped into buying property built on mortgaged land to get their Title Deeds, is unconstitutional.
News

Optimism in the construction sector

Angelos Anastasiou -
The future of the island's construction sector is optimistic, but repeating the illegal and short-sighted practices of the past will have extremely negative consequences on everyone.
News

Property prices rising says RICS

Nigel Howarth -
Cyprus property prices are continuing to rise, with significant increases in Larnaca, Limassol and Nicosia, according to the twenty-ninth edition of the RICS (Cyprus) Property Price Index.

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