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19th April 2024
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Monthly Archives: March, 2015

Insolvency framework delayed again

The implementation of the five bills comprising the insolvency framework has been delayed again and will probably be put before the House plenum on April 16, before the Eurogroup meeting on April 23.

S&P revises Cyprus outlook to positive

Standard and Poor's (S&P's) has revised the Cyprus economy's outlook to positive from stable, citing better than anticipated reduction in the country's public debt and the less adverse economic growth.

“The problem is huge” says director

No-one knows precisely how many properties that are burdened with a developer's mortgage have been sold to unsuspecting buyers, but the problem is huge says the Director of the Department of Lands and Surveys.

Lebanese duped by false residency claims

A number of Lebanese nationals have been duped into buying property in Cyprus by 'dubious' agents who claimed that they would obtain a residency permit after a certain period of time.

Energy performance enforcement

From 1st January 2010 a person selling a house, its landlord or its letting agent should have provided an Energy Performance Certificate for the property they’re selling, letting or advertising.

Title Deeds: ‘a complete and utter mess’

Although MPs voted though amendments preventing banks from repossessing homes that people have paid for, home buyers will still be unable to secure their Title Deeds until the developers debts have been repaid.

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