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29th May 2022
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British Bases deal triggers real estate prospects

Cypriots owning land in non-military areas inside the British Bases can sell or develop their property, following a milestone agreement between Cyprus and the...

Restrictions on development in SBAs lifted

The UK Government and the Government of the Republic of Cyprus, in an event held at the Presidential Palace on Monday, May 9, 2022,...

MEPs press for EU-wide ‘Golden Passports’ ban

The European Commission will very soon present a recommendation to all Member States addressing residence permits and citizenship under investor schemes, Commissioner for Home...

Rising costs could derail house prices

The Central Bank of Cyprus has expressed its concern over the soaring price of building materials, sending the cost of construction to skyrocket to...

NPLs accounted for 17.4% of total loans in July

The Cyprus Central Bank (CCB) reports that non-performing loans (NPLs) accounted for 17.4% of total bank loans at the end of July; down from...

All pending golden passports applications reviewed

The government has finished examining all pending applications filed under the - now defunct - citizenship-by-investment programme, and has duly briefed the European Union,...

New high rise building in Germasogeia

A further high rise building may soon be built in the Germasogia area of Limassol following the submission of an environmental impact assessment study...

Banking sector challenges lie ahead

The banking sector faces multiple challenges ranging from the large percentage of non-performing loans (NPLs) to climate change; despite progress made, speakers told the...

New loans for homes reach record high

Net new loans for house purchasing rose to €114 million in June, reaching a new all-time monthly record since December 2014, when the Central...

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