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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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Row over Limassol high-rise development

The Limassol high-rise development known as 'Blue Marine' has been given the go ahead by the cabinet despite a ruling handed down by a judge in favour of owners & the Municipality who raised objections.
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Limassol upcoming skyline fears

Limassol's construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape, but it seems that the problems are far more serious.
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Concerns over massive Peyia project

A massive development proposed for a hillside above Peyia in Paphos will irreversibly devastate the natural environment, put pressure on infrastructure and create new homes where thousands remain empty, according to environmentalists, opposed to the project.
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Fundamental planning reforms

Fundamental reforms are underway to rationalise, accelerate and simplify the time consuming and complex procedures involved with the licensing and control of building development in Cyprus.
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Alpha Bank Cyprus in callous court action (Update)

Alpha Bank Cyprus is trying to prevent the transfer of properties on the Anarita Sunrise 1 development built by the bankrupt developer Yiannis Liasides, who borrowed in the region of €3.7 million that his company failed to repay.
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Possible ‘Development Bank’ to manage NPLs

The Bank of Cyprus Board of Directors is expected to decide today whether to establish a "development bank" to deal with the problems of non-performing loans according to state broadcaster CyBC.
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Kouris development under scrutiny

Permission to construct a large residential development that may lead to the contamination of water in the Kouris dam (the largest on the island) is to be investigated by the Attorney General.
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Business development stifled by bureaucracy

The 11th edition of the Doing Business 2014 – Understanding Regulations for Small and Medium-Sized Enterprises report highlights some of the bureaucratic problems that hamper Cyprus' ability to attract investment.
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Sovereign Base Areas development agreement in full

Full details of the arrangement between the government of Cyprus and the government of the United Kingdom relating to the regulation of development in the Sovereign Base Areas released.
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British bases land development agreement

The UK Government has signed an arrangement with the Cyprus Government giving residents increased flexibility to develop private property within the British Sovereign Bases.
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Offers to abandoned Tala development buyers

People who bought property on a development in Tala that is sliding down the hillside are to be offered alternative homes in Paphos of equal value and with Title Deeds by Tremetoushiotis developers.
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Developers seek support for large projects

Issues with getting major construction projects underway were discussed on Wednesday by President Anastasiades, ministers and officials and members of the association of major development projects.
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Sale of Venus Rock Golf Resort

The sale of the Venus Rock Golf Resort to a Hong Kong based conglomerate of international investors has been announced in a press release issued by Dolphin Capital Investors Limited.
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Armou families dealt another blow

The Cyprus Electricity Authority (EAC) has confirmed that it will cut the power to the homes of those living on the stricken development at Armou in Paphos following an order instructing the families to leave.
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Families ordered to leave unsafe homes

Families living on the stricken development at Armou, whose homes are continuing to slip down the hillside, have been advised that their properties are unfit for habitation and have been instructed to leave.
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Development of Larnaca airport hits problems

A meeting will take place today to view a number of snags relating to the plan to transform the old Larnaca airport into a commercial centre by the Chinese company Far Eastern Phoenix.
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Armou resident warns visitors enter at your own risk

As homes on a stricken development in Armou continue to slip and gaping holes appear, one resident has put a warning sign on his gate post warning visitors to enter at their own risk.
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Armou family told it is not safe to stay in their home

As their home continues to slip down the hillside, a family living in one of the houses on an estate at Armou in Paphos have been told to leave within seven days as it has become unsafe to live there.
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Homes at Armou in Paphos continue to slip

The recently built estate of six houses in Armou in Paphos are continuing to slip down the hillside and two of the access roads leading to the development have now become impassable.
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