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19th March 2024
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High-rise developments coming to Paphos

The Paphos Municipality has given the green light for the construction of two twenty storey high-rise buildings in the tourist area of the town on land close to the Aloe Hotel on Poseidonos Avenue.

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.

Limassol upcoming skyline fears

Limassol's construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape, but it seems that the problems are far more serious.

Concerns over massive Peyia project

A massive development proposed for a hillside above Peyia in Paphos will irreversibly devastate the natural environment, put pressure on infrastructure and create new homes where thousands remain empty, according to environmentalists, opposed to the project.

Fundamental planning reforms

Fundamental reforms are underway to rationalise, accelerate and simplify the time consuming and complex procedures involved with the licensing and control of building development in Cyprus.

Alpha Bank Cyprus in callous court action (Update)

Alpha Bank Cyprus is trying to prevent the transfer of properties on the Anarita Sunrise 1 development built by the bankrupt developer Yiannis Liasides, who borrowed in the region of €3.7 million that his company failed to repay.

Possible ‘Development Bank’ to manage NPLs

The Bank of Cyprus Board of Directors is expected to decide today whether to establish a "development bank" to deal with the problems of non-performing loans according to state broadcaster CyBC.

Kouris development under scrutiny

Permission to construct a large residential development that may lead to the contamination of water in the Kouris dam (the largest on the island) is to be investigated by the Attorney General.

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