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  • Final solution for trapped buyers?

    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.

  • Tougher checks on citizenship bids

    Tougher checks on citizenship bids

    The EU says member states need to keep an eye on the number of citizenships they hand out in exchange for investment. Justice Commissioner Vera Jourova has warned that citizenships for sale represent a security threat.

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  • Paphos high-rise resort gets off the ground

    Paphos high-rise resort gets off the ground

    The town planning department has approved building permit to construct two 12-storey high-rise buildings and 122 apartments at Geroskipou in Paphos as part of the Peninsula Resort project...
  • Non-performing loans highest in Europe

    Non-performing loans highest in Europe

    Non-performing loans (NPLs) in the Cypriot construction and real estate sectors are amongst the highest in Europe with construction NPLs standing at 75 per cent and real estate NPLs standing at 39 per cent at the end of March...
  • Doubts over new moves on Title Deeds

    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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