Latest Headlines

Archive for July, 2015

September vote on hidden mortgages bill

A vote on the ‘hidden mortgages’ bill designed to resolve the mess of those who have paid for their property but cannot get its Title Deed because it was mortgaged by the developer will take place in September.

Troika starts seventh review

The troika of Cyprus’ international lenders started its seventh review of the island’s economic adjustment programme yesterday with the repossession of mortgaged properties high on its agenda.

Aristo trial court ruling July 28

The court will issue its judgement in the case against Theodoros Aristodemou, the founder of Aristo developers and former chairman of the Bank of Cyprus, and three others on July 28.

Crocodile park protest tomorrow

A protest against the proposed crocodile park in Cyprus near the Choirokoitia exit on the Nicosia-Limassol highway will be held tomorrow at 11:00 am outside the Ministry of Agriculture and Environment.

MP defends hidden mortgages delay

Cypriot MP Giorgos Perdikis has defended the delay in passing the ‘hidden mortgages’ bill saying that “If they (the government) had wanted the (title deeds) bill expedited they should have asked.”

Cyprus home construction weakens

The previous strong growth in new home construction in Cyprus was reversed in April with the number building permits authorised by the authorities for new homes falling compared to last year.

MPs slammed over hidden mortgages bill

The Cyprus Interior Minister Socratis Hasikos slammed MPs for shelving the Title Deeds bill designed to address the inability of home buyers to get the deeds to the property they purchased.

Property sales increase (Updated)

The number of properties sold in Cyprus during June increased compared with the same month last year according to official statistics published by the Department of Lands & Surveys.

Parliament approves casino bill

Legislation passed by a majority Cyprus MPs at the plenary session of parliament earlier today paves the way to the operation of a casino resort in Cyprus after many months of discussion.

Property transfer fees halved

Following a unanimous vote by MPs at the House plenary earlier today, Property Transfer Fees are to be cut by 50 per cent on all property sales that take place before 31 December 2016.

Back to top