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O’Dwyer hopes quest for justice is finally over

British man Conor O’Dwyer hopes his fifteen-year quest for justice over a dodgy property sale will come to an end on Friday when the Supreme Court in Nicosia hears his appeal.

Affordable housing incentive scheme fails

The government’s affording housing scheme, which offers developers incentives to provide cut-priced homes for low-income groups, has failed to attract developers wishing to participate in the programme.

Financing high-rises a headache for bankers

The financing of high rises and other major developments in Cyprus that are aimed at foreign buyers interested in acquiring a Cypriot passport are giving the bankers a headache.

Estia applicants hit 50% of eligible borrowers

Applications for the Estia programme, which aims to assist home owners with non-performing mortgages by providing government support, have been submitted by more than 50 percent of those eligible.

Swiss Franc loan nullified following ECJ ruling

A legal test case resulted in a Swiss Franc loan being declared null and void by the Warsaw District court on Friday, leaving the banks in Poland open to losses estimated at €10.2 billion.

Passports: the barometer for real estate

Stricter criteria imposed earlier in the year before a Cyprus passport can be acquired have impacted real estate sales, according to a recently-released Central Bank of Cyprus financial report.

Top ten Cyprus property stories in 2019

Cyprus property news has attracted more than three quarters of a million visitors in 2019 and here’s a summary of the top 10 most popular stories, which include news and articles on a broad range of subjects.

First auction of foreclosed properties

The first online auction of foreclosed properties will be held Wednesday morning kicking off at 10:00 and continuing for two hours unless a one-hour extension is granted when 16 properties will go under the hammer.

EC wants answers to risky citizenships

The European Commission has asked Nicosia whether it would investigate “possible misconduct” in the scandal involving the granting of Cypriot citizenship of 26 high-risk individuals.

New scheme to speed building permits by 2022

A new scheme to simplify and speed up building permits should be fully rolled out by 2022 provided that 18 other actions take place, including amendments to the law and ministerial orders.

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