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Monthly Archives: January, 2018

News

Swiss franc loan annulled in Slovenia

Reuters News Agency -
In a ruling that could have implications for the Cyprus banks, a Slovenian court has annulled a Swiss Franc loan used to acquire property because the bank failed to advise the customer of the risks.
Jointly Owned Buildings

Calculating communal fees

Nigel Howarth -
Communal fees are required to pay for the insurance, maintenance and repair of apartment buildings in Cyprus and other types of building complexes that contain common areas and shared facilities.
News

Cyprus house price index falls 0.3 per cent

Nigel Howarth -
The Cyprus house price index (HPI) fell by 0.3 per cent in the third quarter of 2017 but rose 0.6 per cent on an annual basis according to a preliminary estimate by the Statistical Service.
Marinas

Larnaca port and marina contracts

Nigel Howarth -
Contracts for the Larnaca port and marina project are expected be signed later this year according to Marios Demetriades, the Cyprus Minister of Transport, Communications and Works.
News

Government striving for Title Deeds solution

George Psyllides -
The Cyprus government is trying to expedite a resolution to the Title Deeds-cum-fraud mess in which people were duped into buying property built on land that the developer had earlier mortgaged to the bank.
News

New home building permits up 41 per cent

Nigel Howarth -
The number of new homes in Cyprus for which building permits have been issued rose by 41.4 per cent in October 2017 compared to October 2016 according to the Cyprus Statistical Service.

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