Cyprus Property News magazine for overseas buyers & real estate investors

Saturday 11th July 2020

Monthly Archives: March, 2012

Acting on unsound legal advice can cost you thousands

In efforts to prevent nefarious property developers in Cyprus demanding extortionate sums of money from clients who wished to sell a property before its Title Deed was issued, the government introduced a new law last year.

Property sales in Cyprus tumble after a promising start

The number of properties sold in Cyprus during February fell 26 percent compared with the number sold in February 2011, after having risen in January for the first time in nineteen months.

Construction sector in recession for second year

In its annual report on construction and housing, the Cyprus Statistical Service (CySTAT) says that the Island's construction sector continued to exhibit signs of recession for the second consecutive year during 2010.

Cyprus in the dock over second home restrictions

The Republic of Cyprus may be about to face the wrath of the European Court of Justice over its delay in amending legislation restricting European Union and EEC nationals from acquiring second homes on the Island.

All concrete production stops due to lack of cement

The indefinite strike by workers at the Vassilikos Cement Works on Cyprus' southern coast has resulted in the production of concrete across the Island coming to a halt as the manufacturers have run out of their stocks of cement.

British pensioner hospitalised following brutal attack

A British pensioner was assaulted by builders while inspecting the progress on the construction of his bungalow on Saturday and was rushed to hospital where he received treatment for his injuries.

Census reveals changing faces of population & housing

The Cyprus Statistical Service (CySTAT) has released the preliminary results of the population census carried out last year, which reveal some interesting facts about the Island's population growth and property statistics.

Vasilikon cement factory workers on indefinite strike

Employees of the Vassilikos Cement Public Company in Limassol have vowed to continue indefinite strike action blaming their employers for violating their collective wage agreement.

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Cyprus’ largest ever housing project will help low-income families

Limassol municipality and the Land Development Corporation (KOAG) reached an official agreement on Thursday regarding the establishment of the largest housing project ever undertaken in Cyprus, worth €100 million.

Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Cyprus house price index up 2.5 per cent

The Cyprus house price index rose by an average of 2.5 per cent in the first quarter of 2020 compared to the previous quarter according to official figures from the Cyprus Statistical Service (CYSTAT)

MPs commit to expedite citizenship bills

MPs have committed to expediting the bills and regulations aimed at improving the transparency of the citizenship-by-investment programme, so that the items can be voted on before the House breaks for the summer recess.