Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Jean Christou

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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...

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...

Brit in property dispute gets no relief from Attorney General

OPENING a new can of worms for Cyprus property owners, the Attorney General has told a British buyer his developers had not committed any...

British MPs and MEPs take up title deeds crusade

BRITISH MPs and MEPs have expressed their shock and concern over the title deeds scandal in Cyprus, and some have already taken the issue...

Cyprus home buyers turn to Lords for Title Deed aid

THE BRITISH House of Lords is seeking answers as to why UK home buyers in Cyprus are still waiting for their title deeds and...

Cyprus property sector should not expect help in crisis

ECONOMISTS and even a government official yesterday scoffed at any notion of state help if the Cyprus property market sector suffers in an extended...

Brit loitering with intent aims to shame Cyprus into action

BRITISH home buyer Conor O'Dwyer marked his 39th birthday yesterday far away from his wife and children as he continued his indefinite protest outside...

Elderly widow victim of property scam

AN 83-YEAR-OLD British widow who has been waiting 29 years for the title deeds to her home was shocked recently to receive an Immovable...

London property protest

A GROUP of British expats frustrated with the judicial system in Cyprus protested at Alexandra Palace London on Sunday where President Demetris Christofias was...

Property groups join forces to battle for buyers rights

THE CYPRUS Land and Property Owners' Association (KSIA) and the Cyprus Property Action Group (CPAG) have teamed up to explore ways of fighting for...

Developers ‘scamming buyers’ over property tax

THE CYPRUS Property Action Group (CPAG) has obtained a legal opinion which concludes that developers are effectively scamming buyers by overcharging them for Immovable...

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Property sales collapse hits all markets

The historic collapse of 80 per cent in property sales in April hit the local and overseas market segments according to statistics from the Department of Lands & Surveys.

Historic collapse of property sales

Property sales in Cyprus have collapsed as a result of the coronavirus pandemic to a level only seen once before when the events of March 2013 made Cyprus a household name around the world.

Building permits maintaining strong growth

The number of building permits authorised in Cyprus during February 2020 provided for the construction of 680 new homes; an increase of 18 per cent compared to February 2019 according to official figures.

Cyprus passport programme under fire again

The Cyprus citizenship by investment programme, which enables well-heeled foreigners to obtain an EU passport for investments of at least €2 million, has come under fire again from the European Union.