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Apollo close to buying Cyprus NPLs

Apollo Global Management LLC is the preferred bidder to buy a non-performing loan (NPL) portfolio being sold by Bank of Cyprus Holdings Plc according to people with knowledge of the matter.
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Final solution for trapped buyers?

The Finance Ministry is seeking a final solution that will enable trapped buyers who were duped into buying property built on land that their property developer had previously mortgaged to the bank to get their Title Deeds.
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Cyprus property sales up 21% in July

The number of property sales in Cyprus continued to rise in July with the number of sales contracts deposited at Land Registry Offices across the Republic up 21 per cent compared with July 2017.
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Is the Cyprus construction boom sustainable?

Questions raised about the latest Cyprus construction boom and whether there is a sustainable demand for new homes or is it just the result of the 'passports for cash' scheme?
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Cyprus construction industry enjoying a revival

Cyprus' construction industry seems to be regaining confidence over the past year, as developers encouraged by an increase of activity, feel that the barren years of the real estate crisis are behind them.
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Cyprus consumer protection decisions

The Cyprus Consumer Protection Service has recently issued decisions against Alpha Bank Cyprus (former Emporiki Bank) and two property development companies Geormaride Ltd and VM Development Ltd.
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Funds eyeing Bank of Cyprus bad loans

A number of funds are reported to be interested in buying some of the Bank of Cyprus' non-performing loan portfolio, which is valued at as much as €5 billion, according to Bloomberg.
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Doubts over new moves on Title Deeds

Questions remain over how the gentlemen's agreement enabling 'trapped buyers' to get the Title Deeds to properties they purchased and paid for in good faith will work in practice; the Association of Cyprus Banks has yet to respond.
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Cyprus house prices fall 1.8 per cent

The Cyprus house price index (HPI) fell by 1.8 per cent in the first quarter of 2018 but rose 3.7 per cent on an annual basis according to a preliminary estimate by the Cyprus Statistical Service (CYSTAT).
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High-rise not needed in Paphos

Following last week's news that applications had been received for ten high-rise developments in Paphos, a 500 strong 'Movement to Save Paphos' group says there is no need for such construction in the District.
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Small rise in Cyprus property sales (Update)

Although the number of property sales in Cyprus continued to rise in June according to the number of sales contracts deposited at Land Registry Offices, only a marginal rise was reported compared with June 2017.
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Trapped buyers breakthrough

It appears that a gentlemen's agreement has been reached enabling trapped buyers who were duped by nefarious developers and lawyers into buying property on land that the developer had earlier mortgaged to get their Title Deeds.
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High-rise developments coming to Paphos

The Paphos Municipality has given the green light for the construction of two twenty storey high-rise buildings in the tourist area of the town on land close to the Aloe Hotel on Poseidonos Avenue.
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Cyprus property value change notification

The owners of property in Cyprus must be notified by the Land Registry personally if there is any significant change in the value of their property the island's Supreme Court has ruled.
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Cyprus property rent reforms

It should soon be easier for landlords to recover their properties in Cyprus from tenants who fail to pay the rent if the bill submitted to parliament by the DISY parliamentary group is approved.
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Limassol high rents protest

Hundreds of mainly young people carrying banners and slogans staged a protest in Limassol against the large increases in rents for homes and apartments, which makes it almost impossible to rent.
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Glimmer of hope for Pissouri homeowners

There appears to be a glimmer of hope for homeowners affected by the devastating land slippage in the Limnes (lakes) area of Pissouri; they are hopeful that a solution may soon be found.
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Limassol high-rise development damaged flats

Residents who claim that vibration caused by the construction of a high-rise development in Limassol has damaged their block of nearby flats have been given 15 days to evacuate the building.
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Cyprus cooperative bank investigation (Update)

The situation in which the Cyprus Cooperative Bank now finds itself is to be investigated by a committee appointed by attorney general Costas Clerides amid allegations of mismanagement.
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Rent scam suspects detained in Limassol

Two suspects in Limassol have been remanded in custody for four days on suspicion of operating a rent scam following complaints from tenants who'd been paying €800/month for the last four months.
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