Cyprus Property News magazine for overseas buyers & real estate investors

Saturday 11th July 2020

Monthly Archives: November, 2012

Protest outside Alpha Bank London

Property buyers who maintain that they were mis-sold Swiss Franc mortgages by the Alpha Bank in Cyprus staged a protest outside the London offices of the bank in Cannon Street last Thursday.

Communal charge dodgers could end up in jail

Owners of properties in communal developments could soon find themselves in jail if they fail to pay their rightful share towards the insurance, maintenance and upkeep of the common areas.

All-party MP group to help property buyers

MPs meeting in London last week with a group of property buyers from the North East of England who are facing legal action by a Cyprus bank have agreed to join an all-party group in efforts to help them.

Town Planning Amnesty further extension agreed

A majority of Cypriot MPs have voted in favour of further extending period during which ‘Statements of Intent’ may be submitted under the provisions of the Town Planning Amnesty until the 30th April 2013.

Tax hike may trigger land sales

The government's proposed changes to immovable property taxation may encourage property developers to sell their land banks rather than sitting on them, according to a lead consultant.

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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.