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  • Limni golf resort is now down to EU

    Limni golf resort is now down to EU

    Although planning permits for the controversial multi-Euro golf course and resort complex at Limni have been issued, the EU has yet to receive details to ensure they comply with their environmental recommendations...
  • Final solution for trapped buyers?

    Final solution for trapped buyers?

    The Finance Ministry is seeking a final solution that will enable trapped buyers who were duped into buying property built on land that their property developer had previously mortgaged to the bank to get their Title Deeds...
  • Green light for Limni Golf Resort

    Green light for Limni Golf Resort

    Controversial plans to build a multi-Euro golf course and resort complex at Limni at Polis Chrysochous have been approved after the latest environmental study that found the plans fully met environmental laws and recommendations of the European Commission...
  • New repossession law hits brick wall

    New repossession law hits brick wall

    Legal hurdles to the new repossession law, which was introduced earlier this year, have arisen after local courts put the brakes on the supposedly faster process for banks to reduce non-performing loans (NPLs)...
  • Is the Cyprus construction boom sustainable?

    Is the Cyprus construction boom sustainable?

    Questions raised about the latest Cyprus construction boom and whether there is a sustainable demand for new homes or is it just the result of the 'passports for cash' scheme?..
  • Cyprus construction industry enjoying a revival

    Cyprus construction industry enjoying a revival

    Cyprus' construction industry seems to be regaining confidence over the past year, as developers encouraged by an increase of activity, feel that the barren years of the real estate crisis are behind them...
  • Cyprus consumer protection decisions

    Cyprus consumer protection decisions

    The Cyprus Consumer Protection Service has recently issued decisions against Alpha Bank Cyprus (former Emporiki Bank) and two property development companies Geormaride Ltd and VM Development Ltd...
  • Paphos high-rise resort gets off the ground

    Paphos high-rise resort gets off the ground

    The town planning department has approved building permit to construct two 12-storey high-rise buildings and 122 apartments at Geroskipou in Paphos as part of the Peninsula Resort project...
  • Non-performing loans highest in Europe

    Non-performing loans highest in Europe

    Non-performing loans (NPLs) in the Cypriot construction and real estate sectors are amongst the highest in Europe with construction NPLs standing at 75 per cent and real estate NPLs standing at 39 per cent at the end of March...
  • Doubts over new moves on Title Deeds

    Doubts over new moves on Title Deeds

    Questions remain over how the gentlemen's agreement enabling 'trapped buyers' to get the Title Deeds to properties they purchased and paid for in good faith will work in practice; the Association of Cyprus Banks has yet to respond...
  • Larnaca Tower plans progressing

    Larnaca Tower plans progressing

    It looks as if a high-rise development 'Larnaca Tower' will soon get underway in the seafront area of Phinikoudes if the paperwork submitted by the Russian investor Nikolai Potapenko is approved by the authorities..

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