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Cyprus plans asset management company

Nearly five years after the troika of Cyprus’ international lenders proposed that the country establish an asset management company to help reduce the high level of NPLs, Cyprus will present plans for an AMC in Brussels next week.

Residential developments in Limassol

Two further residential developments in Limassol have been announced; a 21 storey development in the Germasogeia tourist area and a 12 storey development next to the beach and close to the city centre.

Decision on Paphos marina urged

George Stylianou, the community leader of Kissonerga village, has urged the government to make a decision as soon as possible over the long awaited Paphos marina that has effectively been in limbo since 2008.

Property for passports?

Speaking to Euronews Cypriot lawyer Dimitris Dimitriades defends the controversial Cyprus Citizenship Scheme, which has brought more than €4 billion into the Cypriot economy.

Larnaca port and marina contracts

Contracts for the Larnaca port and marina project are expected be signed later this year according to Marios Demetriades, the Cyprus Minister of Transport, Communications and Works.

Government striving for Title Deeds solution

The Cyprus government is trying to expedite a resolution to the Title Deeds-cum-fraud mess in which people were duped into buying property built on land that the developer had earlier mortgaged to the bank.

Paralimni marina contracts signed

Contracts for the construction of the Paralimni marina have been signed; with an estimated capacity of 300 vessels and at a cost of €110 million, the marina is expected to be fully operational by mid-2021.

Paphos marina appeal upheld

The twenty seven year saga of the Paphos marina continues following a ruling by the Supreme Court that the committee responsible for overseeing the marina tender process is unlawful.

Row over Limassol high-rise development

The Limassol high-rise development known as ‘Blue Marine’ has been given the go ahead by the cabinet despite a ruling handed down by a judge in favour of owners & the Municipality who raised objections.

Our top 10 most read stories from Cyprus in 2017

We’ll go over the top ten most read stories published by Cyprus Property News over the past 12 months, which include stories about trapped buyers, Swiss Franc loans and property taxes.

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