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Archive for 2020

Construction of new homes doubles

The number of building permits authorised in December 2019 provided for the construction of more than twice as many new homes as those authorised in December 2018 according to official figures.

Cyprus real estate stricken by pandemic

Pundits believe that the Cyprus real estate market will suffer a significant downturn as a result of the coronavirus pandemic, which is mainly supported by foreign investment and demand.

€2000 demanded to correct Pissouri fake news

A Greek language newspaper has demanded two thousand Euros to publish a letter correcting a fake news story concerning the Pissouri landslide, which it published on Saturday 7 March.

Ayia Napa Marina starting operations soon

Ayia Napa marina is in the final phase of construction and is gearing up for the start of operations with the entrance and berthing of the first boat on January 27 marking the beginning of the marina’s pilot operations.

Cyprus property sales fall in February

Property sales in Cyprus fell by 11 per cent in February 2020 compared to February 2019 and by 7 per cent in the first two months of the year according to official figures from the Department of Lands and Surveys.

Cyprus housing market set to slowdown

The housing market in Cyprus is set to slowdown in the medium term following a reduction in the number of sale contracts deposited at Land Registry offices during the second half of 2019.

Conor O’Dwyer loses Supreme Court appeal

British man Conor O’Dwyer who has fought a 15-year battle with the Cyprus justice system has failed in his appeal to the Supreme Court against the 2012 verdict in a case filed by Christoforos Karayiannas and Son Ltd.

Law regulating self-catering rentals enacted

The law regulating Airbnb and other self-catering accommodation rentals in Cyprus has been enacted requiring their owners to follow a set of regulations and formalities to legally provide their services.

New rent law contains grey areas

Although the rent law has been changed so that tenants now have to prove they’ve paid the rent to be able to defend their case in court, the amended law still contains some grey areas.

Larnaca port and marina gets go ahead

The redevelopment of the Larnaca port and the 600-berth marina is expected to start soon following an agreement reached between Cyprus and Israeli investors after year long negotiations.

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