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  • Developer fined for misleading home buyers

    Developer fined for misleading home buyers

    Pafilia Cyprus Property Developers has been fined €100,000 for mis-leading home buyers in a case that focused on the commercial practices that the company used in 2007 when selling apartments to them.

  • Court bans banks foreclosing

    Court bans banks foreclosing

    The Larnaca District Court has banned banks from foreclosing on properties used as collateral for loans for which courts gave the go ahead before the new foreclosure law came in effect last year.

  • Strong growth in Cyprus property sales

    Strong growth in Cyprus property sales

    The number of properties sold in Cyprus during August rose significantly compared to August 2015 according to the latest official figures published by the Department of Lands and Surveys.

  • More Recent Reports

  • Revised citizenship scheme approved

    Revised citizenship scheme approved

    The Cyprus government has approved a revised citizenship-by-investment scheme designed to further encourage investments in the island's economy by non-Cypriot businessmen and investors...
  • Work to start on Ayia Napa marina

    Work to start on Ayia Napa marina

    The first phase of construction work on the Ayia Napa marina is scheduled to get underway on 30 September following the signing of an agreement between Makronisos Marina Ltd and Greece’s Terna A.E...
  • Swiss Franc loans: 80 per cent non-performing

    Swiss Franc loans: 80 per cent non-performing

    Although Swiss Franc loans declined €274 million in the first half of the year, 80 per cent of the remaining €1,778 million are non-performing according to the head of the Cyprus Central Bank's Supervision Division...

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