Latest Headlines

Reports written by Jacqueline Theodoulou

Cyprus Housing Finance Corporation hit by global crisis

THE CYPRUS HOUSING Finance Corporation (HFC) has asked the Finance Minister to inform him on his plans to deal with the difficulties in the Cyprus banking system. The HFC is especially worried about what the government plans to do, especially since state funding towards banks was stopped and interest rates have increased due to the […]

Property developers move in

LAND developers are showing an interest in the Pyrgos Tylliria area, now that the prospect of the Limnitis checkpoint opening appears firmly on the agenda. Citing sources yesterday, Phileleftheros newspaper claimed that

Credit crunch cools the Cyprus property market

THE CENTRAL Bank has reduced loan financing for property purchases to 60 per cent in order to protect banks from a worrying increase in loans, the Central Bank Governor said yesterday. Speaking before the House Commerce Committee, Athanasios Orphanides explained that the continuous and worrying demand for property loans in Cyprus had forced the Central […]

Cyprus property: Town planning goes online

CYPRIOTS will soon be able to monitor their application for town-planning permission over the internet. E-title deeds and other documents will be available over the web too at a later stage thanks to the Town-planning Department’s new website. The site, which will start operating on November 5, will offer the public relief from the tiring […]

Pure Luck More People Weren’t Killed by Storms

A HOUSE committee yesterday heard it was “pure luck” that there weren’t more victims in last months flash floods in which two people died. The drainage system of the Kissonerga river in Paphos, which overflowed during recent hailstorms and resulted in the tragic death of a married couple, was built over 25 years ago and […]

Paying the Price for Rampant Development

DEPUTIES yesterday blamed over development for the catastrophic consequences of recent thunderstorms in Paphos, which killed two people and wrecked buildings and crops. “Nature may be slow, but it is punishing,” said DISY Deputy Costas Constantinou during yesterday’s meeting of the House Interior Committee, which met to discuss the possible responsibilities of local authorities and […]

Cyprus Could Suffer from Nightmare Property Red Tape

IF THE problem with the title deeds is not resolved soon, Cyprus will suffer irreparable damages both on a local and an international scale, chartered surveyor and property appraiser Antonis Loizou warned yesterday. Loizou was speaking after a meeting of the House Commerce Committee, which discussed the difficulties faced by house buyers. The property appraiser […]

Get Ready for a Cyprus Property Boom

Property, apartment and detached house prices are expected to increase by seven to 12 per cent in the immediate future, the House Commerce Committee heard yesterday. According to the head of the Land Registry Department, Andreas Christodoulou, Cyprus is the cheapest country in the European Union when it comes to properties, apartments, houses and land. […]

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