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Pissouri landslide victims offered no compensation

Interior Minister reported to be angry with British victims of Pissouri landslide for complaining to the Cypriot and British media and offers no compensation to those affected; many homes now unfit for habitation.
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Blunt warning on foreclosures law changes

Adjustments to the law on foreclosures could have "significant negative impact" on the Cyprus banking system warns the European Central Bank (ECB) in an email to the Central Bank governor.
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Group challenges Limassol high rise towers

The Ipatia Initiative group is taking court action to prevent the construction of the NEO high rise project in Limassol following an independent evaluation of the buildings on their quality of life and the project's environmental impact.
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MPs say no to foreclosures veto

Cyprus MPs have voted to reject President Nicos Anastasiades' veto on changes to the foreclosures legislation designed to freeze repossessions of primary residences until October.
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Foreclosure changes may have consequences

The Finance Minister has warned that Cyprus may face consequences over changes to the foreclosure legislation passed by parliament on Friday and has urged President Nicos Anastasiades to veto the bills.
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MPs freeze foreclosures despite warnings (update)

Despite MPs being warned that changing the foreclosures legislation would have negative repercussions on the banks and the economy, MPs have voted to change and suspend the legislation.
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New trapped buyers bill vote tomorrow

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.
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Larnaca new high-rise tower projects

In Larnaca, some 20 – 30 high-rise residential developments and hotels ranging from 10 to 30 stories are in the pipeline with construction expected to begin over the coming years.
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Cyprus property construction costs

The Cyprus Statistical Service (CySTAT) has just published a report detailing the construction costs of Cyprus property, including houses, apartments, holiday apartments, hotels, etc.
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Cyprus NPL ratio second highest in EU

The Cyprus banks have the second highest Non-Performing Loan (NPL) ratio in the European Union after Greece, according to the European Banking Authority (EBA) 'Risk Dashboard'.
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Banks buying properties failing to sell at auctions

The banks have bought nearly 650 properties that failed to sell at the first round of auctions since the start of 2018 according to information submitted to parliament by the Cyprus Central Bank.
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Cyprus property sales fall in all market segments

The 17 per cent reduction in Cyprus property sales during June was due to a slowdown in all segments of the market according to official figures published by the Department of Lands & Surveys.
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MPs in new bid to help trapped buyers

A revised draft bill to help trapped buyers to finally get the Title Deed for the property they purchased will go before the House Legal Affairs Committee next week so that the bill can go the plenary on 12 July
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Pissouri sunshine dreams in ruins

17 families evicted in Pissouri Village, where at least 70 houses are collapsing; desperate victims have pleaded with the Cypriot government to help; British High Commission is talking to the Cypriot government about a solution.
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June saw Cyprus property sales slump

The number of Cyprus property sales in June fell 17 per cent compared to June 2018 but at the time of publishing we cannot say whether it's due to a fall in domestic or foreign sales (or both).
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Chinese investors still wooed by Cyprus passports

The South China Morning post reports that Chinese investors are seeking Cyprus passports despite the stricter criteria introduced last month for those seeking Cypriot citizenship.
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Cyprus property news recovers after attack

Cyprus Property news has fully recovered following what is thought to be a DOS or a dDDOS attack that flooded the CPN server with traffic, which eventually resulted in it crashing; no data was compromised.
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Affordable housing scheme starts next month

The government's affordable housing scheme for low-income families will kick in next month with Cypriot citizens and other EU nationals residing in Cyprus for the past five years being eligible to apply.
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Delay vote on foreclosure law changes MPs urged

The Finance Minister and the banking industry have urged MPs to delay voting on changes to foreclosure law at least until we have a picture on whether the Estia debt relief scheme delivers.
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Cyprus amongst worst offenders in corruption report

Cyprus was among countries that have not fully complied with any of the Council of Europe's anti-corruption body's GRECO recommendations according to a GRECO report issued on Tuesday.
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