Latest Headlines

Reports written by Jean Christou

Minister downplays citizenship scheme’s value

The importance of the Cyprus citizenship by investment programme, which was introduced when the Cypriot economy was in deep recession, must not be overestimated says finance minister.

Cabinet orders probe into Cambodian passports

The Cabinet has launched an investigation into golden passports for Cambodian elites following the Reuters’ exposé into how relatives and allies of Cambodia’s leader, Hun Sen, have amassed wealth overseas.

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.

Contract signed for Cyprus casino resort

Earlier today a landmark deal for Europe’s largest casino was signed between the gaming authority and the Melco Hard Rock consortium at the Filoxenia Conference Centre in Nicosia.

Bank of Cyprus, the reluctant estate agent

With the Bank of Cyprus now being the island’s second-biggest private real-estate agent after the church, it might be seen as a good place to start bargain-hunting for a property in Cyprus.

Armou families dealt another blow

The Cyprus Electricity Authority (EAC) has confirmed that it will cut the power to the homes of those living on the stricken development at Armou in Paphos following an order instructing the families to leave.

Market stagnant despite price cuts

The global recession, the Title Deed fiasco, greed, stricter bank lending criteria and high interest rates blamed for stagnant property market as plummeting house prices fail to ignite sales.

Tala homes slipping down hillside

Cyprus has a long experience of landslides and houses damaged by landslips can be seen in Pissouri, Kinousa and Polemi. Fourteen homes in Tala seem to be the latest victims.

Britain keeping watch on Cyprus title deeds fiasco

BRITAIN will take a close interest in measures taken by the Cyprus government to sort out the problems of property buyers left without their title deeds, a written answer to the House of Lords has said. Two questions were placed before the Lords last November detailing the concerns of some property buyers worried about the […]

Property awarded to couple after legal battle

A BRITISH couple came very close to losing their €680,000 property at Ayia Thekla in Cyprus when their developer sold it to someone else behind their backs. According to Yiannos Georgiades, the couple’s present lawyer, the two Britons set up a company and bought the property in Ayia Thekla, which they planned to rent out. […]

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