Cyprus property Blog and News

  • CHAIRMAN of the House Commerce Committee DISY MP Zacharias Zachariou on Tuesday said the last details of the bill have been ironed out and it will go to a plenum vote on March 17. The bill abolishes a number of charges banks impose on borrowers, including a fee to look over the loan application, a...
  • Cyprus Finance Minister Harris Georgiades EUROGROUP finance ministers have given their formal approval for Cyprus to exit its three-year Economic Adjustment Programme that expires officially on 31st March. The ministers held a meeting in Brussels during which the Cyprus Finance Minister Harris...
  • Bank of Cyprus has set up a Real Estate Management Unit (REMU) deploying another tool that would assist the island’s largest lender to facilitate loan restructuring and manage its big commercial real estate loan portfolio more efficiently. The Unit aims to acquire real estate in a voluntary...
  • THE DEPARTMENT OF ENVIRONMENT is set to review a new environmental study for the area today (1st March), where a Shacolas Group company is planning the construction of two golf courses at the abandoned mine in Limni, near Polis Chrysochous. The new plan has reportedly been improved to meet the...
  • RESIDENTS of Psematismenos in Larnaca are threatening to close roads and other measures to prevent the creation of a crocodile park in their area. The decision to take action was discussed at a meeting on Tuesday night and included residents from the wider region including Kofinou, Skarinou, Tochni,...
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