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Monthly Archives: February, 2020

News

Twice as many property sales to non-EU citizens

Nigel Howarth -
More than twice as many property sales were made to non-EU citizens than EU citizens in January according to official statistics published by the Department of Lands and Surveys last Friday.
News

Cash-rich banks stockpiling real estate

Kyriacos Kiliaris -
Cash-rich banks are stockpiling properties as they turn to buy real estate linked to mortgages of defaulted borrowers as banking institutions dominate the property market.
Legal Matters

Is the Cyprus justice system broken?

Nigel Howarth -
Recent court cases have raised questions about the Cyprus justice system with a recent survey among Limassol-based lawyers highlighting their views on a number of key questions.
News

Foreclosure warning letters on the rise

Annie Charalambous -
The number of foreclosure warning letters being sent by the Cyprus banks to borrowers who fail to maintain their repayments is on the rise, according to information from the Cyprus Central Bank
News

Disappointing start for property sales

Nigel Howarth -
Property sales got off to a disappointing start in the first month of the new decade, but stayed ahead of the number sold in January 2017 according to official figures from the Department of Lands & Surveys.
Legal Matters

Stripping citizenship of 26 investors problematic

Nigel Howarth -
The process of stripping citizenship from 26 foreigners who obtained Cypriot passports is proving difficult as passports for naturalised investors cannot be revoked according to the law.

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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.

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