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Monthly Archives: June, 2014

Investment

Larnaca project sold to Russian investors

Nigel Howarth -
The land on which the Kimon Phinikoudes project in Larnaca is to be built together with its designs has been sold by the Lefkaritis family to a group of Russian investors for an undisclosed sum.
Investment

Cyprus drops in Top of the Props chart

Nigel Howarth -
Cyprus dropped to fifteenth place in last month's Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.
News

Fourth highest fall in house prices

Editorial -
Although house prices have gone through the roof in most of the 52 countries listed in the latest IMF Global Housing Watch report, house prices in Cyprus suffered the fourth highest fall.
News

Distressed borrowers threaten to revolt

Angelos Anastasiou -
As banks are taking defaulting borrowers to court rather than exhausting options under the Cyprus Central Bank's directive on loan restructuring, distressed borrowers are threatening to freeze loan payments.
Legal Matters

Sweeping powers for taxman

Elias Hazou -
Sweeping new powers for the taxman could further impede the ability of a property buyer to secure the Title Deeds to the property they've purchased if the tax debtor fails to settle his tax bill.
News

Building permits down 10% in the first quarter

David Crowther -
The number of building permits issued in March increased compared with the corresponding month of last year, but their numbers have declined 10.3% during the first quarter of 2014.

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