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Building permits authorised for 752 new homes

The construction of 752 new homes was authorised in December 2020 compared to the 1,107 authorised in December 2019...
Legal Matters

First court ruling against bank for unfair terms

Lawmakers on Thursday welcomed the first court judgement against a bank for unfair terms of contract, but still harangued...
Legal Matters

Cyprus failing to enforce EU unfair practices laws

News that the European Commission has sent a reasoned opinion to Cyprus for failing to properly implement and enforce...
Latest News & Updates

Developers want more from residency scheme

Following the collapse of the Cyprus Citizenship for Investment Scheme, developers of large projects urge the government to make...
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New property sales tax payable by the vendor

The House of Representatives on Thursday passed a law levying a 0.4 per cent tax on all sales of...
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Limni bay golf resort project cancelled

Earlier today, the company Limni Resorts and Golf Courses, part of the Shacolas Group, announced that it does not...
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Cyprus to expand mortgage relief scheme

Cyprus is looking into ways of expanding a relief scheme subsidising borrowers with toxic mortgages to cover borrowers who...
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Greens concerned over high rises on Paphos coast

An existing Paphos hotel on the seafront of the town is earmarked for demolition with three nine-storey buildings due...
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Buying property in Cyprus and visiting post Brexit

When the Brexit transition period came to an end on 1st January 2021, UK citizens became "third country" nationals;...
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Cyprus house price index falls

The Cyprus House Price Index (HPI) fell by 4.8 per cent in the third quarter of 2020 compared to...
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Will Cyprus real estate market hold in 2021?

While uncertainties remain for 2021, the Cyprus property market will continue to show its strength. With at least two...
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Real Estate Outlook 2021: Focus shifting to new opportunities

The New Year has entered with a sense of optimism as vaccines are getting more widely available to the...
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Small drop in non-performing loans

Cyprus' non-performing loans (NPLs) recorded a small decrease by €13.5 million, totalling €6.52 billion at the end of August,...
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COVID-19 halts property transfer applications

The slowdown in customer service caused by the COVID-19 pandemic has forced the land registry to stop accepting any...
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Silver medal for residence permits

Cyprus finished in the silver medal position for issuing the second highest number of first residence permits to non-EU...
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Cyprus house prices rise despite pandemic

House prices continued their upward trend in the second quarter of 2020, recording a quarterly increase of 0.9% from...
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Golden passports scheme ‘irrevocably terminated’

The controversial Citizenship-by-Investment (CBI) scheme is "definitively and irrevocably terminated", Interior Minister Nicos Nouris assured MPs on Monday, but...
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Investors rush to meet citizenship deadline

Days before Cyprus' Citizenship by Investment Programme is set to go offline, interior ministry officials and paralegals kicked things...
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EU citizenship must not be for sale

EU citizenship must not be for sale was the key message from European Commissioner for Justice Didier Reynders, speaking...
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Giovanis’ Sun City project illegalities (update)

The Sun City project in Ayia Napa, in which the former Akel deputy Christakis Giovanis' Giovani Group is involved,...
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