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  • Glimmer of hope for Pissouri homeowners

    Glimmer of hope for Pissouri homeowners

    There appears to be a glimmer of hope for homeowners affected by the devastating land slippage in the Limnes (lakes) area of Pissouri; they are hopeful that a solution may soon be found...
  • Limassol high-rise development damaged flats

    Limassol high-rise development damaged flats

    Residents who claim that vibration caused by the construction of a high-rise development in Limassol has damaged their block of nearby flats have been given 15 days to evacuate the building...
  • Cyprus cooperative bank investigation (Update)

    Cyprus cooperative bank investigation (Update)

    The situation in which the Cyprus Cooperative Bank now finds itself is to be investigated by a committee appointed by attorney general Costas Clerides amid allegations of mismanagement...
  • Non-performing loan laws inefficient

    Non-performing loan laws inefficient

    The legal frameworks introduced by Cyprus aimed at reducing non-performing loans (NPLs) are inefficient according to the European Stability Mechanism (ESM) in its annual report...
  • Management committees fall foul of law

    Management committees fall foul of law

    A number of management committees, which manage and administer jointly-owned buildings in Cyprus, have recently found their bank accounts frozen due to a law introduced in 2017...
  • Passports scheme could bring Dutch disease

    Passports scheme could bring Dutch disease

    The Fiscal Council has warned that overreliance on the Passports for Cash Scheme aka Citizenship by Investment Scheme aka Golden Visa Program could bring 'Dutch disease' to Cyprus...
  • Rent scam suspects detained in Limassol

    Rent scam suspects detained in Limassol

    Two suspects in Limassol have been remanded in custody for four days on suspicion of operating a rent scam following complaints from tenants who'd been paying €800/month for the last four months...
  • Bills rewarding bad borrowers may pass

    Bills rewarding bad borrowers may pass

    The bills rewarding bad borrowers by exempting them from paying income tax, capital gains tax, property transfer fees, stamp duty and the special defence contribution are expected to pass...
  • Applications from Golden visa providers

    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...
  • MPs table bill to tax Airbnb-style rentals

    MPs table bill to tax Airbnb-style rentals

    A bill to regulate and tax the income on short-term Airbnb-style property rentals has been tabled by two MPs and should go before the plenum prior to the parliamentary summer recess...
  • Limassol rent price protest

    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

    Reward bad borrowers; punish the good

    In a move, which if successful, 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...
  • Speeding up issue of Title Deeds

    Speeding up issue of Title Deeds

    The Cyprus government is ready discuss ways to reduce the time taken to issue Title Deeds, which has tarnished the reputation of Cyprus as a safe place to buy property by overseas investors. ..
  • Four more high rise buildings in Limassol

    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...
  • Cyprus running out of time to reduce NPLs

    Cyprus running out of time to reduce NPLs

    Pressure is mounting on the Cyprus banks to reduce non-performing loans (NPLs) and proposals put forward by the Finance Ministry could also fix areas in the law affecting the issue of title deeds from indebted developers...

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