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Archive for August, 2019

Cabinet agrees to help Pissouri landslide victims

The Cabinet has agreed to provide humanitarian assistance to Pissouri residents whose homes have become uninhabitable to the landslide affecting the Limnes, Sheromyli, Yiousouphis, Safires, Merika, Kalogeri, Merika, and Roes areas.

EC asks Cyprus to comply fully with EU law

The European Commission asked Cyprus to fully comply with EU rules designed to protect consumers from unfair contract terms on 25 July, giving Cyprus two months to reply to the arguments raised.

Foreign demand for Cyprus property slumps

Demand for Cyprus property by non-EU nationals has fallen, but it’s unclear whether this is due to the stricter controls imposed by government following criticism by the European Union.

House prices rise 0.8 per cent

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).

Building permits authorised for 907 new homes

Building permits authorised in Cyprus during May 2019 provided for the construction of 907 new homes, compared with 541 in May 2018 according to official figures published by the Cyprus Statistical Service.

New criteria for passport scheme

New criteria for those wishing to obtain a Cyprus passport through the much criticised citizenship by investment scheme will come into force next week and will include due diligence checks on applicants.

July property sales hold steady (update)

The number of Cyprus property sales during July was the same as the number sold in July 2018, with sales falling in all districts with the exception of Larnaca according to statistics from the Department of Lands & Surveys.

Foreclosures highlight we are the eternal victims

A personal view on foreclosures, the banking system and the Cypriot mentality of never taking responsibility for actions & decisions by ‘Patroclos’ a regular columnist in the Sunday edition of the Cyprus Mail.

Compromise foreclosures bill passed by MPs

MPs have accepted the presidential veto on changes to the foreclosures law and agreed a compromise proposal to protect vulnerable borrowers enabling them to seek recourse through the financial ombudsman.

Pissouri landslide victims offered no compensation

Interior Minister reported to be angry with British victims of Pissouri landslide for complaining to the Cypriot and British media and offers no compensation to those affected; many homes now unfit for habitation.

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