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Archive for 2019

Is the Cyprus property market softening? (Update)

There was a marginal fall in the number of Cyprus property sales during March compared to March 2018 according to official figures published by the Department of Lands and Surveys.

Properties without Title Deeds give banks headaches

Developers who didn’t follow the rules are giving the banks headaches as a number of repossessed properties and homes without Title Deeds are now re-entering the property market.

Government must help Pissouri landslide victims

The Government of Cyprus must protect Pissouri landslide victims from the consequences of the uninsurable natural disaster, as is their right under Article 1 of Protocol 1 of the European Convention on Human Rights.

Calls to end Golden Visa schemes

European lawmakers have urged member states to end their Golden Visa schemes as their advantages do not offset the serious security, money laundering and tax evasion risks they present.

Government not accountable for Pissouri landslide

The Auditor General has argued that it’s developers, not government, responsible for the landslide in Pissouri and that it’s unacceptable to transfer the burden of responsibility to government.

Five more Armou landslide victims

A creeping landslide is slowly destroying a further five homes at Armou in Paphos and there are ominous signs that they will eventually be served with banning orders like the six declared uninhabitable in 2012.

Renewed call to reform Title Deeds system

The EC and the ECB have renewed their call on Cyprus to “swiftly address the long-overdue reform of the title deeds issuance and transfer system” at the completion of their 6th PPS mission.

Energy saving measures grant scheme

There are opportunities for those living in Cyprus to the reduce their energy costs through a new energy saving scheme that encourages the use of renewable energy sources and energy saving in households.

Supreme court upholds Aristo acquittal

The Supreme Court has rejected an appeal against the acquittal of Theodoros Aristodemou, the founder of Aristo developers, and three others in connection with a development project in Skali.

Slippage of stricken Tala development accelerates

Heavy rain has accelerated the land slippage on a doomed development in Tala, which consists of four apartments, two villas and eight townhouses; the developer has provided alternative properties.

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