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Monthly Archives: July, 2019

News

Moody’s warns foreclosure law bad for banks

Staff Reporter -
Moody’s rating agency has warned that changes to the foreclosure law will lengthen the time it takes for banks to foreclose on properties making it more difficult to reduce their NPLs.
Marinas

Larnaca marina faces legal challenges

Staff Reporter -
Legal action against the government's decision to award contracts for the Larnaca marina and port to be developed by an Israeli consortium have been filed with the administrative court.
News

Foreclosure changes may have consequences

George Psyllides -
The Finance Minister has warned that Cyprus may face consequences over changes to the foreclosure legislation passed by parliament on Friday and has urged President Nicos Anastasiades to veto the bills.
Articles

Non-EU citizens residence permits

Nigel Howarth -
In 2017, Cyprus granted residence permits to 18,971 non-EU citizens, according to figures published by Eurostat on Monday, with the majority being granted to citizens of India and Russia.
News

Planning issues the victim has to pay

Nigel Howarth -
The amendments to the Trapped Buyers law approved by parliament will hopefully help many more property buyers get their Title Deeds, but planning issues require urgent attention.
Legal Matters

Trapped buyers bill changes approved

George Psyllides -
The revised 'trapped buyers' bill designed to overcome the problems of the current law has been approved unanimously by MPs, but legal services have doubts that constitutional difficulties could not be resolved.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate. 

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

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