Cyprus Property News magazine for overseas buyers & real estate investors

Wednesday 30th September 2020

Nigel Howarth

Overseas property sales in decline

Property sales to the overseas (non-Cypriot) market continued to fall in August with numbers down 18% compared to the numbers sold in August 2019...

Golden passports: the EU must act

The problems and scandals surrounding the sale of 'Golden Passports', which allows their holders unrestricted access to EU members states and dozens of countries,...

Are Cyprus ‘Golden Passports’ legal?

An Al Jazeera investigation has revealed Cyprus has been providing European passports to convicted criminals and high-level political figures. The large leak of passport data...

Possible legal action against Cyprus?

European Commissioner for Justice Didier Reynders first spoke on Al Jazeera about the revelations of the international media network and revealed that he is...

Al Jazeera names ‘golden passport’ holders

The names of individuals who obtained so-called 'Golden Passports' and citizenship through the much-criticised Cyprus Investment Program have been published by Al Jazeera in...

Hope for Pissouri landslide victims

The Interior Ministry has announced that work will start in 2021 to stabilise the landslide in Pissouri, which has damaged and destroyed many dozens...

Property developer fined for unfair commercial practices

Larnaca based property developer Stelios Georgiou Property Limited has been fined €70,000 by the Cyprus Consumer Protection Service (CCPS) for breaching the Unfair Commercial...

Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Commission approves Cyprus’ airlines incentive scheme

The European Commission has approved a €6.3 million Cypriot incentive scheme towards airlines affected by the coronavirus outbreak, supporting tourism and possibly the overseas property market.

Building permits falter in March

In March 2020, the month during which Cyprus introduced COVID-19 containment measures, 397 building permits were issued; a fall of 23.9% compared to 522...

Most Read

EU vows to take aim at ‘golden visa’ programmes

For years, wealthy Chinese have made investments in Cyprus and Malta in exchange for European Union passports – so-called golden visa transactions. Now, Brussels...

Wealthy Britons turn to Cypriot citizenship

The number of British entrepreneurs looking to "buy" citizenship from countries offering visa-free access to the European Union has risen sharply, investment migration firms...

Mixed outlook for real estate

BNP Paribas has released its second 2020 report regarding the property market outlook post-pandemic, presenting forecasts about real estate in uncertain times. The obvious differentiation...

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