Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday 11th August 2020

Evie Andreou

Law to evict tenants to parliament

Amendments to the rent control law making it easier for landlords to start the process of evicting tenants who fail to pay their rent will be presented at a plenary session of parliament on Friday.

Cyprus passports really are ‘golden’

A new index shows that Cyprus passports really are 'golden' ranking its power at eight as its holders can visit 166 countries including 122 visa-free and 44 by obtaining visa on arrival.

Land Registry failings come under scrutiny

Some Land Registry employees believe they represent Saint Peter on earth said Auditor General Odysseas Michaelides at a meeting of the House ethics committee, deciding who will go to Heaven or Hell when it comes to property issues.

Protest at Olympia property exhibition

Protesters seeking to stop Britons from buying property in Cyprus was held outside the Olympia exhibition centre in London where 'A Place in the Sun Live' overseas property exhibition is being held.

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.

Compensation for Pissouri homeowners

The Government has finally agreed to pay compensation to residents in Pissouri whose homes have been damaged by the landslide and to undertake a study to see if the area can be stabilised.

UK nationals’ residency rights post-Brexit

The Cyprus Interior Ministry has published a document explaining the residency rights for UK nationals and their family members following the Brexit withdrawal agreement between the EU and the UK.

Crocodile park gets go-ahead

A crocodile park earlier rejected by the Psematismenos and Athienou communities has been given the green light by the Achna Community Council in Famagusta by a majority of council members.

ETEK calls for stricter supervision

ETEK has called for stricter supervision of building permits and urged the public to check that engineers they wish to employ are registered and licensed after a women claiming to be an architect was arrested.

Immovable Property Tax discounts

The Tax Department will start sending Immovable Property Tax demands today that will include significant discounts agreed by parliament earlier this year of 75 per cent if they settle their account by 31 October.

Plans for luxury apartments in Larnaca

Lebanese investor Yussef Kanaan has announced plans to invest €15 million to build luxury apartments in Larnaca on land that he purchased for €3.5 million and expects to get a building permit within the week.

Government to pay for Pissouri mess

The Interior Ministry is waiting for a report to see how the government can help the affected residents in the Limnes (lakes) area of Pissouri; a figure of €20 million to restore the area has been estimated.

Urgent action needed to save Pissouri homes

The House Interior committee has called on the Limassol District Office to take immediate action to deal with the land slippage in the Limnes area of Pissouri that is affecting 60 homes.

Most Read

Small rise in construction of new homes

The Cyprus construction sector staged a slight recovery May falling by just 0.1% compared to May 2019 according to official figures released by the...

Property sales to foreigners continue to fall

The number of Cyprus property sales to foreigners continued to fall in July with numbers down to 36 per cent on the numbers sold in July 2019 according to the Department of Lands and Surveys.

Property sales in Cyprus improving

The number of property sales in Cyprus is improving following the government's decision to introduce an interest rate subsidy for new housing loans granted from 1st March 2020 until 31st December 2020.

Tender awarded for Larnaca port and marina

The tender to develop the Larnaca port and marina has been awarded to Eldeman Holding BV and Alexandrou Corporate Services, comprised of Israeli and Cypriot interests.

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