Cyprus mulls new scheme to lure investors
The government is mulling rolling out a new programme from scratch to attract foreign investment, albeit a different one to the controversial passport scheme that...
developers
Developers complain bank policies make it difficult to get foot on property ladder
Developers said Friday banks made it difficult for people to get loans due to the strict criteria imposed by the central bank. The Governor of...
Locals fear for Coral Bay if developer’s plan goes ahead
By Bejay Browne The government’s decision to allow a 2005 appeal by Leptos developers to build next to blue-flagged Coral Bay is scandalous and overrules...
Government to take another stab at resolving title deeds mess
The government will take another swing at fixing the problem of ‘trapped’ property buyers, after a law passed in 2015 failed to adequately address the...
A tale of two economies in Cyprus
By Erol Riza The recent upgrades in Cyprus’ growth outlook and the boom in ephemeral factors that have benefitted the economy in the last three...
Why we should be wary of high-end developments
By Antonis Loizou FRICS WE HAD the opportunity to discuss with the IMF consulting group examining the Cyprus economy and its recovery, the matter of...
Pafilia presents the Domus Contemporary Living Project
Pafilia Property Developers, renowned for its dedication to excellence and its highly desirable luxury properties, adds another contemporary development to its extensive portfolio, Domus in...
Pafilia fined €100,000 for withholding important information from buyers
The consumer protection service has fined Pafilia Developers €100,000 for withholding important information during the sale of a flat, it was announced on Tuesday. According...
Over 8,000 buyers apply to have their properties released from developers (Updated)
Almost 8,500 owners whose properties were used as collateral for loans by insolvent developers have applied to have them released, the interior ministry said. A...
Cyprus must sort title deeds, Troika insists
By Elias Hazou INTERNATIONAL lenders stressed to authorities yesterday that Cyprus must enact by September 3 legislation releasing home buyers from developers’ obligations. Following a...
Bill remedying unissued title deeds expected to strengthen property demand
By Andria Kades A draft bill approved by the cabinet to ensure buyers of property from insolvent developers do get title deeds issued by the...
Repossession ban of title-less homes extended to July 10
By George Psyllides PARLIAMENT on Saturday accepted the president’s referral of a bill that indefinitely banned repossession of houses whose owners have no title deeds –even though...
Title deeds saga likely to be kicked down the road… again
By Elias Hazou THE FATE of the title deeds law which the President refused to sign will be decided by the plenum on Friday, although...
Aristo Developers at Novosibirsk Real Estate Expo in Russia
Aristo Developers’ 2015 international exhibition season commenced with great success at the Novosibirsk Real Estate Expo in Russia, which took place on February the 3rd,...
Parliament urges foreclosure exemption for buyers without title deeds
By George Psyllides Parliament urged the government on Wednesday to find a solution for people who bought houses from insolvent developers without acquiring title deeds...
Blaming purchasers is no help at all
By Paul Dobson I refer to the Sunday Mail’s ‘Legal issues with George Coucounis’ and the most recent article ‘Obligation of purchaser to accept property...
‘Over €1 billion in fresh capital from abroad’
By Constantinos Psillides The property development sector has brought in over €1 billion in fresh capital from abroad over the past two years, the President...
Cyprus’ top 50 tax laggards (Update)
By George Psyllides Fifty people and companies, including developers and football clubs, owe the state over €163 million in taxes it emerged on Monday, following...
Early settlement for numerous Cyprus ‘mis-selling’ property cases
By Staff Reporter Numerous claims brought by UK victims of alleged property and mortgage mis-selling in Cyprus against Cyprus banks, developers and lawyers have been...
BoC declares zero tolerance of strategic defaults
By Angelos Anastasiades IN SOME ways, taking over a seemingly impossible task has at least one redeeming aspect: the cost of failure approaches zero. But...
