Author: Elias Hazou

British couple face losing Limassol home over Swiss-franc mortgage

Still haunted by their decision some 20 years ago to take out a mortgage denominated in Swiss francs, a distressed couple from Britain are...

AKEL focuses on Israelis amidst Cyprus for sale fears

AKEL has reiterated its concerns over what it calls the en masse buying up of real estate in Cyprus by non-EU nationals, particularly Israelis...

Foreign buying frenzy hits Cyprus

Data furnished recently by the government lends weight to the notion that the purchase of real estate in Cyprus by foreigners continues an upward...

Larnaca port & marina saga now ‘at a critical stage’

In two weeks' time the government "may" take a decision on the ongoing dispute with the joint venture holding the concession over the redevelopment...

Bill to halt auctions for ‘Mortgage-to-rent’ applicants passed

By a unanimous vote the House on Thursday passed legislation that provides for halting the auctioning off of properties where the mortgage debtor has...

Reduced VAT on new homes gets thumbs up from Europe

The European Commission has given the nod to the levying of the reduced 5 per cent VAT on first homes in Cyprus, the finance...

Voting this week on foreclosure legislation

Government legislation affording extra protections to distressed borrowers with their homes on the line will go the plenum for a vote later this week,...

More Pissouri homes issued with eviction orders

Eviction orders have been issued for 25 more homes in Pissouri, made unsafe for habitation after years of land slippage, the community leader told...

Mortgage to rent scheme approaching completion

The government will soon roll out its ‘Mortgage to Rent’ scheme after getting the green light from the European Commission, a senior official briefed...

Law on first homes reduced VAT passed

By nearly a unanimous vote, and under the watchful eye of Brussels, parliament on Thursday passed a law allowing for a reduced VAT rate...

Due Diligence

Due diligence is absolutely essential before committing to buy a property.

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