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Applications from Golden visa providers

As from July 31st golden visa applications will only be accepted from providers that have registered with the scheme’s supervisory body and who have signed up to a code of conduct.

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.

Chinese ban no impact on property sales

The restrictions introduced by the Chinese government to reduce outbound investment in real estate have yet to impact property sales according to the Cyprus Chambers of Commerce and Industry (Keve).

Construction helps Cyprus exit recession

Laying the cornerstone of ‘360’, the tallest construction in Nicosia, President Anastasiades said that the construction boom confirms the government’s focus on exiting the vicious cycle of economic recession.

Cyprus denies ‘selling’ EU citizenship to rich

Cyprus Finance minister Harris Georgiades has said that reports in the Guardian newspaper concerning the granting of EU citizenship to billionaire Russians and Ukrainians are exaggerated.

Cyprus 7th most popular spot in Europe for Brits

Cyprus is the seventh most popular European country for Britons seeking to relocate or buy a second property with Paphos being the most popular region according to search statistics collected by Rightmove.

Cyprus slips in property chart

Cyprus has dropped out of the top 10 of the July edition of the TheMoveChannel.com’s Top of the Props chart, which records the most searched for overseas destinations to buy property.

Mixed signals from Moody’s

In two recent reports Moody’s said that banks will benefit from increased loan demand but warned that lack lustre performance in loan restructuring is a credit negative and that overall improvement in asset quality to date has been “lethargic”.

Cyprus 7th in citizenship by investment

Cyprus has emerged as one of the most popular jurisdictions for EU and non-EU nationals in the Citizenship by Investment Index, published by Financial Times group’s Professional Wealth Management.

Limassol rents skyrocket

Demand for rental properties in Limassol has grown in recent years as local buyers have difficulty in obtaining home loans due to the banks’ stringent loan conditions and because it attracts plenty of foreign businessmen.

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