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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.

Non-EU citizens residence permits

In 2017, Cyprus granted residence permits to 18,971 non-EU citizens, according to figures published by Eurostat on Monday, with the majority being granted to citizens of India and Russia.

Planning issues the victim has to pay

The amendments to the Trapped Buyers law approved by parliament will hopefully help many more property buyers get their Title Deeds, but planning issues require urgent attention.

Cyprus property construction costs

The Cyprus Statistical Service (CySTAT) has just published a report detailing the construction costs of Cyprus property, including houses, apartments, holiday apartments, hotels, etc.

Residential property values based on rents today

In quite general terms, the use of the rental capitalization method for the valuation of an income producing property is based on the rental value of the property capitalised by the appropriate rate (cap rate) based on the yield.

Cyprus building & construction driven by passports

Although the years of austerity in the Cyprus building and construction sectors appear to be over, pundits believe that they remain heavily dependent on the passport for investment scheme.

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.

Swimming pool laws set to hit tourism revenues

Barring a miracle, swimming pools in privately owned complexes, such as the Royal Seacrest in Kato Paphos, will remain closed this year affecting tourist revenues and local businesses.

Pissouri landslide: the living hell

As the landslide in Pissouri gains momentum destroying everything in its path more residents are living in hell in the village once described by Gordon Honeycombe as being on ‘The Edge of Heaven’.

Trapped buyers still at banks’ mercy

Despite promises made by deputies last November that they intended to resolve the ‘trapped buyers’ mess by Christmas, it seems that little (if any) progress has been made towards its resolution.

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