Cyprus property Blog and News

  • Protesters outside the Bank of Cyprus in Paphos (CPAG) THE British High Commission yesterday welcomed a government initiative to coordinate efforts to resolve title deeds problem facing British home buyers here. “We welcome the Cypriot Government’s plans to work towards a solution to the...
  • BANK of Cyprus’ (BoC) total exposure to risky loans could run in the billions, with developers being among the worst corporate customers, according to an internal bank memo leaked by Politis. The paper published the purported bank memo in its Sunday edition, showing that a series of loans issued...
  • DEVELOPMENT is the key to pulling the country out of the recession, big developers said on Wednesday, following a meeting with President Nicos Anastasiades. The elimination of obstacles that discourage foreign investors, as well as the need for simplifying procedures, flexibility and speed in...
  • Photo: Cyprus News Agency CYPRUS and its international lenders have agreed in principle on an updated Memorandum of Understanding (MOU), following the second review of the Republic’s €10 billion financial assistance programme. Finance Minister Harris Georgiades and the Troika heads (European...
  • PARLIAMENT yesterday accepted President Anastasiades decision that legislation aimed at regulating rents in the free market was unconstitutional and in conflict with EU, eliciting sour grapes from the bill’s authors, opposition party AKEL. The law’s withdrawal means rent contracts will continue...
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