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Archive for May, 2018

Sewerage blocks Title Deeds

After many years of waiting patiently for the Title Deeds to the properties they bought in Cyprus, some purchasers are finding that they cannot get clean deeds as they’re blocked by sewerage.

Online rented property regulation

Suggestions to regulate property in Cyprus that is offered for rent online through organisations such as AirBnB have been put to the House by MPs Averoff Neophytou and Elias Myrianthous.

Cyprus property: biggest in Europe

Did you know that the average size of a Cyprus property is the largest in Europe, while properties in Romania are the smallest according to the dwelling size statistics published by Eurostat.

Reduce non-performing loans by 40% in 2018

The Finance Ministry’s ‘Stability Programme 2018 – 2021’ outlines a three-pronged strategy to address the high levels of non-performing loans (NPLs) in the banking sector that pose a risk to the economy.

Bill to exempt old mortgages from foreclosure

Officials from the government and the Cyprus Central Bank have warned that a bill seeking to exempt pre-2014 mortgages from the foreclosure laws would wreak havoc on banks’ balance sheets.

Permits for new homes up 12.5 per cent

The number of building permits for the construction of new homes in Cyprus rose 12.5 per cent in February 2018 compared to February 2017 providing for the construction of 431 new homes.

Crocodile park back in the news

The proposed crocodile park at Achna was back in the news this week as the MPs in the House Environment Committee discussed health risks to humans and environmental issues.

April property sales up 29%

Cyprus property sales continued to rise in April with the number of sales contracts deposited at Land Registry Offices across the Republic up 29 per cent compared with April 2017

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