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Archive for September, 2017

Cyprus court upholds trapped buyers law

The Limassol District Court has upheld the ‘trapped buyers’ law overturning previous district court rulings in favour of banks that blocked Title Deeds being issued to some 70,000 trapped buyers.

Planning & building permit overhaul

The time consuming and frustrating bureaucracy involved in obtaining building & planning permits in Cyprus may be overhauled provided the recommendations of Austrian experts are adopted.

Cyprus denies ‘selling’ EU citizenship to rich

Cyprus Finance minister Harris Georgiades has said that reports in the Guardian newspaper concerning the granting of EU citizenship to billionaire Russians and Ukrainians are exaggerated.

Paphos Land Registry abuse of power

Officials at the Paphos Land Registry have been accused of breach of power by a local businessman who claims that certain officials have been deliberately dragging their feet over the survey of a plot of land.

The troika returns to Cyprus

Representatives of the troika of international lenders plus the European Stability Mechanism (ESM), the IMF, EC and the ECB , will be in Cyprus later this month for the third post-programme surveillance.

John Hourican “annoyed and impatient”

Bank of Cyprus CEO John Hourican said he is annoyed and impatient by borrowers seeing a rising property market and wanting to hold on and negotiate more time to repay their loans.

How much have property prices changed?

The RICS (Cyprus) Property Price Index for the first quarter of 2017 reported that prices for residential properties rose, but how much have prices changed in your area since the index was introduced?

New home building permits up in June

The number of new homes in Cyprus for which building permits have been issued rose in June 2017 compared to the same period last year according to the Cyprus Statistical Service.

Rise in overseas property sales continues

The steady increase of overseas property sales Cyprus continued in August according to the latest official statistics published by the Department of Lands and Surveys with sales in Famagusta leading the way.

August property sales up 27 per cent

The number of property sales in Cyprus during August 2017 rose by 27 per cent compared with the same month last year according to official figures from the Department of Lands and Surveys.

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