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Monthly Archives: July, 2019

News

MPs freeze foreclosures despite warnings (update)

George Psyllides -
Despite MPs being warned that changing the foreclosures legislation would have negative repercussions on the banks and the economy, MPs have voted to change and suspend the legislation.
News

Massive rise in new home construction

Nigel Howarth -
The number of building permits authorised for the construction of new homes in Cyprus during April 2019 was a mere 41 fewer than the total number issued during the first quarter of the year.
News

House prices up 0.8 per cent in Q1 2019

Nigel Howarth -
The Cyprus house price index (HPI) rose by 0.8 per cent in the first quarter of 2019 and by 4.3 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
News

New trapped buyers bill vote tomorrow

Annie Charalambous -
A revised 'trapped buyers' bill designed to overcome the problems of the current law, which was introduced in 2015, and enable thousands of trapped buyers to get Title Deeds will be put to a vote tomorrow.
Marinas

Paphos marina to have cruise ship facilities?

Bouli Hadjioannou -
A proposal to look at the possibility of including cruise ship facilities as part of the proposed Paphos marina at Kissonerga Potima Bay was given a positive reception at a meeting earlier today.
News

Larnaca new high-rise tower projects

Staff Reporter -
In Larnaca, some 20 – 30 high-rise residential developments and hotels ranging from 10 to 30 stories are in the pipeline with construction expected to begin over the coming years.

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