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1st October 2022
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Fast-tracking building permits a success

The fast-track licensing - town planning and building permits - has proven immensely successful and there will now be an overhaul for larger projects...

Construction industry riddled with uncertainty

Despite building materials falling in price, the ongoing energy crisis has Cyprus developers unwilling to greenlight new construction projects until they have a clearer...

Compromise VAT bill on new homes

The government has retabled a bill for reduced VAT on first homes, aiming to find the sweet spot between MPs' concerns and the European...

The story that keeps on giving

Cyprus' disgraced 'golden passport' scheme, officially known as the Citizenship for Investment scheme, is a story that just keeps giving with numerous reports and...

Law firms failed due diligence for golden passports

According to the Bar Association, some of Cyprus' largest law firms lacked due diligence checks on foreign investors granted a Cypriot passport via the...

Cyprus real estate overcoming price shocks

Momentum in Cyprus' real estate market after two years of Covid lockdowns and restrictions is surviving the cost-of-living crisis and raw material hikes powered...

President signs controversial foreclosure law

A controversial foreclosure bill has been signed into law in the Republic of Cyprus over the objection of the country’s finance minister who accused...

Real estate ownership balance shifting

Cyprus Central Bank's recent financial stability report included some interesting data about the loans and property that passed into the ownership of Credit Acquiring...

President sends back foreclosure and VAT bills

President Nicos Anastasiades has refused to sign off on and has sent back to parliament three bills passed by the House recently - two...

Central Bank dispels property bubble fears

Currently, the real estate sector is not a destabilising factor for the banking system, nor are there concerns over a property bubble or residue...

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