Cyprus property Blog and News

  • THE TRIAL of Aristo Developers founder Theodoros Aristodemou, his wife Roula, draftsman Christos Solomonides, and former Paphos municipal engineer Savvakis Savva continued on Tuesday, with defence lawyers cross-examining municipal secretary Themis Philippides. The defendants are on trial relating...
  • FOUR BILLS of the insolvency framework have already made their way to parliament, but the fifth was under Troika scrutiny. Cyprus’ international creditors appear to have red-flagged a provision linking guarantors’ obligations to those of the borrower, meaning they should be let off the hook if...
  • OPPOSITION MPs voted to extend the suspension of the foreclosures bill until the 2nd March at a plenary session of the Cyprus parliament earlier this afternoon. The motion to suspend was carried by 27 votes in favour, 19 against. The main opposition party AKEL had earlier tabled a proposal to extend...
  • Photo credit: Ό Φιλελεύθερος THE TRIAL of the four suspects in the Aristo land fraud case, which was postponed on 12th January following a request from the defence council, restarted today at the Paphos Assizes. The four defendants, Theodoros Aristodemou, his wife Roulla, former...
  • AUTHORITIES are investigating at least five land registry workers for corruption, Interior Minister Socratis Hasikos said on Tuesday. The employees are suspected of carrying out official business for various applicants but pocketing the fees themselves. “The normal way is for an individual or bank...
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