New Interior Minister Constantinos Ioannou wants an amended law on jointly-owned-buildings to come into force the soonest possible so that properties are properly maintained.
The...
The number of foreclosure warning letters being sent by the Cyprus banks to borrowers who fail to maintain their repayments is on the rise, according to information from the Cyprus Central Bank
A 71.7 metre tall, 16-storey tower called 'Mandarin Park' comprising a mixed development of commercial and residential properties is to be built in the Germasogia area of Limassol.
The Institute of Certified Public Accountants of Cyprus (IPAC) has cautioned its members that "Investment citizenship programs carry inherent risks relating to money laundering, corruption, bribery and tax evasion."
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.
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.
The Cyprus Finance Ministry says that the boom in the Cyprus property market is not a bubble but acknowledges that the potential large-scale sell-off of properties by the banks could push prices down.
Chinese investors have secured land amounting to 32,271 sqm. in the Tsiflikoudia area of Limassol to the north of the marina in a €30 million deal with the Bank of Cyprus' Real Estate Management Unit (REMU).
A revised 'trapped buyers' bill designed to overcome the problems of the current law, which was introduced in 2015, and enable thousands of trapped buyers to get Title Deeds will be put to a vote tomorrow.
