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Archive for March, 2018

Determined action over Title Deed fiasco

AKEL has seized the initiative to settle the long-standing Title Deed cum fraud mess with proposals that should enable all trapped buyers to obtain the Title Deed for the properties they’ve purchased.

Measures to tackle non-performing loans

The Commission is today proposing an ambitious and comprehensive package of measures to tackle non-performing loans in Europe, capitalising on the significant progress already made in reducing risks in the banking sector.

Sea caves desecration continues

The construction of so-called luxury properties in the sea caves area of Pegeia in Paphos has infuriated many in the village as the desecration of Cyprus’ environment and natural beauty continues.

Pissouri homeowners running out of hope

Property owners in the devastated lakes (Limnes) area of Pissouri are still waiting for the government to fulfil its promise to pay for sorting out the mess caused by land slippage in the area.

Permits for new homes down 18 per cent

The number of new homes in Cyprus for which building permits have been issued fell by 18.1 per cent in December 2017 compared to December 2016 according to the Cyprus Statistical Service.

Strong growth in property sales (Update)

The strong growth in Cyprus property sales continued in February with the number of properties sold rising in all districts (with the exception of Larnaca) according to official figures.

Citizenship schemes pose major corruption risk

Citizenship and residence-by-investment schemes, commonly referred to as ‘Golden Visa’ programmes, are vulnerable to abuse and undermine the fight against corruption in the European Union.

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