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Property Owners Lobby for their Rights

HOME owners have announced the launch of the Cyprus Property Action Group (CPAG), the first-ever organised pressure group set up to lobby for their rights. Dennis O’Hare, one of the founders of the CPAG, which also launched its own website earlier in the week, said the idea kicked off in Peyia in discussions with the […]

New Group Helps Cyprus Property Buyers & Overseas Investors

A Cyprus property buyers’ action group has recently been established to help Cyprus property buyers. It is a pressure group dedicated to creating awareness within the industry and the Cyprus Government of the problems some buyers face as a result of buying property in Cyprus and lobbying for change. Hopefully the Cypriot authorities will work […]

Apartment Pools Blur Lines between Public and Private

THE INTERIOR Ministry yesterday said they are in the process of drafting a slight change to the law governing public swimming pools on the island of Cyprus.

Dolphin Acquires 80% of Aristo Cyprus Property Developers

Dolphin Capital Investors (Dolphin), the leading investors in the residential resort sector in south-east Europe, announced the acquisition of an 80% shareholding in Aristo Developers Plc. Dolphin has secured a 60% shareholding from Mr. Theodoros Aristodimou, the principal shareholder and founder of Aristo, in exchange for €128.7m and a 15% interest in the Dolphin vehicle […]

Cyprus Warns Foreign Companies to Refrain from Land Deals in North

INTERIOR Minister Neoκlis Silikiotis said that companies which engage in illegal sale or purchase of Greek Cypriot properties in the Turkish occupied north of Cyprus will not be allowed to operate in the Republic of Cyprus. The Minister made the comment after a meeting with US Ambassador to Cyprus Ronald Schlicher during which they discussed […]

Golf Courses Told to Get Their Own Water

Permits for golf courses will only be handed out to entrepreneurs who will get their water from desalination plants or recycled water. Given the recent drought, the Water Development Department (WDD) has recently rejected applications for new golf courses as well as upgrades for existing ones, on the grounds that they would not be using […]

Crackdown on timeshare touts

Authorities appear determined to crack down on Cyprus property timeshare touts, in a bid to stamp out the soliciting of customers, which is believed to have an adverse impact on tourism. On Sunday alone, 16 touts were reported in Paphos, as part of a police campaign to discourage the practice. A number of plain-clothes and […]

Cyprus Building Permits Reach 14% of GDP

The value of building permits authorised in Cyprus rose by 8.3% year on year in January to October, to reach CYP 1.18 bln, or 14% of likely GDP in 2006, according to our calculations.In the same period the number of building permits rose by 8.3% and the area of permits rose by 3.8%. By far […]

Enforce the Law or Take the Blame

A PARLIAMENTARY committee heard this week it was “pure luck” that more people hadn’t been killed in the devastating storms that struck the Paphos area last month, when flash floods swept a married couple to their deaths. The committee heard that the specific drainage system for the Kissonerga river, which broke its banks leading to […]

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 […]

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