Cyprus Property News for home buyers & real estate investors in Cyprus

30th November 2021
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Tag: European Union

Passport-for-sale schemes pose crime risks (Update)

The EU says that passport-for-sale schemes by Malta, Cyprus, and Bulgaria pose risks of infiltration of non-EU organised crime groups in the economy, money laundering, corruption and tax evasion.

EU set to finalise rules on mortgage lending

The European Union is seeking to avoid housing bubbles with a set of common rules for mortgage lending in efforts to avoid property bubbles that have resulted from reckless lending.

Cyprus Property Action Group report

In its latest update, the Cyprus Property Action Group (CPAG) says that as a result of the persistent lobbying of the European Union and MEPs that changes will come about to resolve the problems in the island's property industry.

MEP calls for Cyprus land law reform

During his review of the Cyprus presidency of the European Union, Sir Graham Watson MEP called for a reform of the island's land laws and the establishment of a banking ombudsman.

Is the EU complicit in property crimes?

Daniel Hannan, MEP for South East England, has raised a question in the European Parliament relating to a complaint raised by Denis O'Hare of the Cyprus Property Action Group (CPAG) in 2011.

Russia to coordinate Cyprus loan decision with EU

Russia has said that it would only grant a bailout loan to Cyprus as part of a coordinated rescue with the EU for the island state, which it said was seeking a total of €20 billion in aid.

Cyprus in the dock over second home restrictions

The Republic of Cyprus may be about to face the wrath of the European Court of Justice over its delay in amending legislation restricting European Union and EEC nationals from acquiring second homes on the Island.

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