Archive for February, 2018
Cyprus passport sales revealed
Following questions raised by Giorgos Perdikis concerning the transparency of the citizenship by investment aka passport for cash scheme the Cyprus News Agency reported the figures on Monday.
Local authorities delaying title deeds process
The title deeds process is being delayed by the local authorities who need to decide what type of certificate to grant to properties depending on their condition; a final certificate of approval, a certificate with remarks, or one with a prohibition.
Strong growth in Cyprus property prices
The RICS Cyprus Property Price Index for Q3 2017 reports strong growth in property prices across the island with an annual increase of 7.4% in apartment prices and a 4.2% increase in house prices.
Citizenship scheme shrouded in secrecy
Transparency in the ‘Citizenship by Investment Scheme’ aka ‘Golden Visa Program’ aka ‘Passports for Cash Scheme’ will remove the veil of secrecy and silence those accusing Cyprus of trading in naturalisations.
Pitfalls to avoid when buying property in Cyprus
To help prospective buyers avoid making costly mistakes, Charles Savva outlines the top 10 pitfalls to avoid when buying property in Cyprus and how to ensure that property purchases move forward smoothly and efficiently.
Cyprus plans asset management company
Nearly five years after the troika of Cyprus’ international lenders proposed that the country establish an asset management company to help reduce the high level of NPLs, Cyprus will present plans for an AMC in Brussels next week.
Residential developments in Limassol
Two further residential developments in Limassol have been announced; a 21 storey development in the Germasogeia tourist area and a 12 storey development next to the beach and close to the city centre.
Driven to poverty by Swiss franc loan
A British woman who bought a property in Cyprus with a Swiss franc loan and who is now swamped in a mountain of debt after her partner left and the loan repayments almost quadrupled speaks to the Cyprus Mail.
Decision on Paphos marina urged
George Stylianou, the community leader of Kissonerga village, has urged the government to make a decision as soon as possible over the long awaited Paphos marina that has effectively been in limbo since 2008.
New home building permits up 93 per cent
The number of new homes in Cyprus for which building permits have been issued rose by 93.0 per cent in November 2017 compared to November 2016 according to the Cyprus Statistical Service.
