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Archive for August, 2018

Limni golf resort is now down to EU

Although planning permits for the controversial multi-Euro golf course and resort complex at Limni have been issued, the EU has yet to receive details to ensure they comply with their environmental recommendations.

Final solution for trapped buyers?

The Finance Ministry is seeking a final solution that will enable trapped buyers who were duped into buying property built on land that their property developer had previously mortgaged to the bank to get their Title Deeds.

Green light for Limni Golf Resort

Controversial plans to build a multi-Euro golf course and resort complex at Limni at Polis Chrysochous have been approved after the latest environmental study that found the plans fully met environmental laws and recommendations of the European Commission.

Tougher checks on citizenship bids

The EU says member states need to keep an eye on the number of citizenships they hand out in exchange for investment. Justice Commissioner Vera Jourova has warned that citizenships for sale represent a security threat.

New repossession law hits brick wall

Legal hurdles to the new repossession law, which was introduced earlier this year, have arisen after local courts put the brakes on the supposedly faster process for banks to reduce non-performing loans (NPLs).

Cyprus property sales up 21% in July

The number of property sales in Cyprus continued to rise in July with the number of sales contracts deposited at Land Registry Offices across the Republic up 21 per cent compared with July 2017.

541 new homes in May

The number of new homes in Cyprus for which building permits were issued in May 2018 rose 27.6 per cent compared to May 2017 providing for the construction of 541 new homes according to the Cyprus Statistical Service.

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