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Latest News & Updates

Project to redevelop Moni cement plant

Sarels Ltd. has submitted proposals to the Department of Environment for a project to redevelop part of the site...
Statistics

Building permits record small recovery

The number of building permits authorised in Cyprus during February 2021 stood at 656; an increase of 11% compared...
Legal Matters

Final Approval Certificate

There has been discussion recently about the Certificate of Final Approval (CFA) for someone to occupy a building or...
Latest News & Updates

How Golden Passport providers cheated the system

The 515-page interim report into the disgraced Cyprus Citizenship by Investment (aka Golden Passport) scheme revealed that more than...
Property Prices

Marginal fall in residential property prices

Residential property prices dropped a marginal 0.2% in the fourth quarter of 2020, its second marginal consecutive quarterly reduction,...
Investment

Limassol is king of the Cyprus real estate market

Limassol continues to be the most important real estate market in Cyprus, and all available information supports this: sales,...
Latest News & Updates

Al Jazeera ‘Cyprus Papers’ up for BAFTA award

The Al Jazeera undercover documentary The Cyprus Papers that exposed some of the players involved in the island’s citizenship...
Legal Matters

Damning citizenship by investment scheme report

More than half of about 3,000 citizenships granted by the state between 2007 and August 2020 as part of...
Latest News & Updates

NPLs fell by €3.86 billion in 2020

Non-performing loans (NPLs) in the Cyprus banking system dropped to €5.11 billion at the end of 2020; a fall...
Property Prices

Cyprus house price index up 4.7%

The Cyprus House Price Index (HPI) rose by 4.7 per cent in the fourth quarter of 2020 compared to...
Statistics

Building permits fall in number, value and area

Although there was a small increase in the number of building permits authorised for the construction of new homes...
Articles

Rethinking the value and cost of real estate

This article doesn't concern itself with the etymology of the cost, price, value and worth of real estate; it...
Investment

Cyprus seeks to attract long term investors

To further attract foreign investment to the island and help economic recovery, Cyprus announced amendments to Regulation 6 (2)...
Non-Performing Loans

700 borrowers unviable for Estia relief scheme

A total of 700 borrowers with non-performing loans (NPLs) amounting to about €173 million were deemed non-viable for loan...
Latest News & Updates

Corruption is the number one problem in Cyprus

Cypriots consider corruption as the biggest problem currently faced by the country with the coronavirus pandemic a close second,...
Articles

Buying properties from banks or investment funds

After 2015, many properties passed into bank ownership, mainly through debt-to-asset swaps or foreclosures. Subsequently, some were acquired by credit...
Jointly Owned Buildings

Tears of joy when viewing her ideal apartment

Anyone who watched a Place in the Sun on Wednesday will have seen a woman who was viewing a...
Latest News & Updates

Demand surges for cheap land in the mountains

There has been a recent increase in demand for small, inexpensive plots of land in the mountainous areas of...
Non-Performing Loans

Managing toxic loans outside the banking system

Terms like "non-performing loans", "foreclosures", "loan sales" entered our lives in the last decade as a result of the...
Latest News & Updates

Green scheme for homes in Cyprus launches

Applications opened on Tuesday for a scheme that will cover up to 60 per cent of upgrades to make...
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