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Monthly Archives: March, 2015

News

MPs vote to protect home buyers (update)

George Psyllides -
MPs have voted to protect home buyers who are unable to obtain the deeds and who face the threat of losing their homes if their developer fails to repay his loans or becomes insolvent.
News

Construction and housing statistics (2013)

Alan Lawton -
The Statistical Service of Cyprus (CYSTAT) has published the annual report "Construction and Housing Statistics, 2013", which contains detailed data on the performance of the industry during 2013.
Investment

Ayia Napa marina moves forward

Nigel Howarth -
The marina at Ayia Napa is moving forward with the news that the Ministry of Energy, Trade, Industry and Tourism has received a €25 million bank guarantee from M.M. Makronisos Marina Ltd.
News

February property sales up five per cent

Nigel Howarth -
The number property sales during February rose compared to the number sold during February 2014 according to official statistics published earlier today by the Department of Lands and Surveys.
News

Overseas transfer limit raised to €1 million

Nigel Howarth -
The Cypriot authorities have increased the limit on the transfer of deposits/funds outside the Republic to €1,000,000/month/person/credit institution, up from the previous €50,000/month.
News

Man hands home keys to bank

Nigel Howarth -
A man whose home loan repayments shot up from €350/month to €900/month handed the keys of his home to the Bank of Cyprus today accusing the bank of abusing the terms of his loan agreement.

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