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Cyprus passport programme under fire again

The Cyprus citizenship by investment programme, which enables well-heeled foreigners to obtain an EU passport for investments of at least €2 million, has come under fire again from the European Union.
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The Cyprus property market will rebound in 2021

The new reality since the lockdown in Cyprus is that all sectors of the real estate market have come to a standstill and many transactions already agreed in principle or even midway through have been frozen or postponed.
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Cyprus house price index falls

The Cyprus house price index (HPI) fell by 3.7 per cent in the third quarter of 2019 and by 4.8 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
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Coronavirus fears hit Cyprus property sales

Sales of property in Cyprus suffered a significant downturn in March as coronavirus fears hit house buyers and sellers, how long it will last probably depends on how long it will take to get the pandemic under control.
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Cyprus real estate stricken by pandemic

Pundits believe that the Cyprus real estate market will suffer a significant downturn as a result of the coronavirus pandemic, which is mainly supported by foreign investment and demand.
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Cyprus property sales fall in February

Property sales in Cyprus fell by 11 per cent in February 2020 compared to February 2019 and by 7 per cent in the first two months of the year according to official figures from the Department of Lands and Surveys.
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Cyprus housing market set to slowdown

The housing market in Cyprus is set to slowdown in the medium term following a reduction in the number of sale contracts deposited at Land Registry offices during the second half of 2019.
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Conor O’Dwyer loses Supreme Court appeal

British man Conor O'Dwyer who has fought a 15-year battle with the Cyprus justice system has failed in his appeal to the Supreme Court against the 2012 verdict in a case filed by Christoforos Karayiannas and Son Ltd.
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Is the Cyprus justice system broken?

Recent court cases have raised questions about the Cyprus justice system with a recent survey among Limassol-based lawyers highlighting their views on a number of key questions.
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Foreclosure warning letters on the rise

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
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Saudi ‘should not have been granted’ citizenship

The citizenship application of a Saudi businessman whose jet was used by President Nicos Anastasiades should have been rejected as it failed to meet the criteria according to an Auditor General’s report.
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O’Dwyer hopes quest for justice is finally over

British man Conor O'Dwyer hopes his fifteen-year quest for justice over a dodgy property sale will come to an end on Friday when the Supreme Court in Nicosia hears his appeal.
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Affordable housing incentive scheme fails

The government's affording housing scheme, which offers developers incentives to provide cut-priced homes for low-income groups, has failed to attract developers wishing to participate in the programme.
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Financing high-rises a headache for bankers

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.
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What next for the Cyprus real estate market?

The Cyprus real estate market is changing faster than ever and its predicted that the positive trend will continue as the market is constantly developing and becoming more attractive to global investors.
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Cyprus passports really are ‘golden’

A new index shows that Cyprus passports really are 'golden' ranking its power at eight as its holders can visit 166 countries including 122 visa-free and 44 by obtaining visa on arrival.
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Cyprus: Surge in new home construction

Building permits authorised in Cyprus during September 2019 provided for the construction of 1,114 new homes, compared with 576 in September 2018 according to official figures published by the Statistical Service.
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EC wants answers to risky citizenships

The European Commission has asked Nicosia whether it would investigate "possible misconduct" in the scandal involving the granting of Cypriot citizenship of 26 high-risk individuals.
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New scheme to speed building permits by 2022

A new scheme to simplify and speed up building permits should be fully rolled out by 2022 provided that 18 other actions take place, including amendments to the law and ministerial orders.
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Cyprus: buying property

The UK Foreign & Commonwealth Office has recently updated information for British nationals wanting to buy property in Cyprus; further information be found on the UK.GOV website.
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