Latest Headlines

Archive for May, 2018

U-turn on crocodile park

The decision by Achna council to withdraw its support for the crocodile park has been greeted with great relief by the local residents who had opposed the park according to reports.

Cyprus property price rises continue

The RICS Cyprus Property Price Index for Q4 2017 reports price increases for another quarter with significant price rises for houses and apartments in Limassol and Larnaca and offices in Nicosia.

Help needed to revalue 2 million properties

Approximately two million properties in Cyprus are to be revalued and the Department of Lands and Surveys will soon invite tenders from property appraisers to help with the task.

Lawyers’ price-fixing challenge success

The complaint by ‘Fairness in Fees’ to the European Commission challenging price-fixing by the Cyprus Bar Association (CBA) has been successful; their minimum fee regulations will soon be consigned to the bin.

EC urges Title Deeds, NPL & other reforms

The European Commission has once again recommended that Cyprus takes measures to ensure reliable and swift systems for the issuance of Title Deeds & speed the reduction of non-performing loans.

A letter to UK Nationals living in Cyprus

British High Commissioner Stephen Lillie has written an open letter to UK nationals living in Cyprus with the latest on negotiations regarding the UK’s departure from the European Union.

Discussion on old mortgages bill postponed

Discussions on the bill seeking to exempt pre-2014 mortgages from the foreclosure laws have been postponed by the house finance committee while it waits for the bills related to the issue of non-performing loans (NPLs).

Limit on citizenship scheme announced

The Council of Ministers has decided to restrict the number of citizenships granted under the ‘Citizenship by Investment Scheme’, aka ‘Golden Visa Program’ aka ‘Passports for Cash Scheme’ to 700 a year.

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.

Back to top