Latest Headlines

Reports written by Nigel Howarth

Limassol rent price protest

Around 1,000 Limassolians and others are expected to gather outside the Limassol District Administration Offices in Anexartisias Street to protest against the exorbitant rent prices in the town.

Reward bad borrowers; punish the good

In a move, which if successfu, will result in rewarding bad borrowers while punishing the good, the Cyprus parliament is expected to vote on proposals granting tax relief to bank debtors by July.

Four more high rise buildings in Limassol

Pafilia property developers are planning to build four high rise residential towers in Limassol of 43, 38, 31 and 25 storeys next to Limassol Municipal gardens, the tallest of which will reach 173 metres.

Permits for new homes up 13.3 per cent

The number of building permits for the construction of new homes in Cyprus rose 13.3 per cent in March 2018 compared to March 2017 providing for the construction of 467 new homes.

Cyprus property sales up 29% in May (Update)

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

REMU debt to asset swaps increasing

Increasing numbers of properties in Cyprus including homes, hotels and golf courses are being transferred to the Bank of Cyprus Real Estate Management Unit (REMU) by debt to asset swaps.

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.

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.

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.

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