Archive for Category: Property News

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Cyprus Look into Furthering Transport Links with Mainland Europe

EU islands such as Cyprus need to step up communication efforts in order to improve connectivity  gaps or difficulties with mainland Europe, Violeta Bulc has remarked; a Slovenian politician who is currently serving as European Commissioner for Transport. Addressing members of the ‘Connecting Europe’ conference she stated: “I think...

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Cyprus Property: Stricter Legislation for Lenders Increases Borrower Protection

Cyprus recently implemented an EU Directive, introducing a number of regulations and obligations upon lenders and credit institutions which significantly protects borrower’s interests when granting of housing loans. The legislation governs loan agreements that are secured with mortgages or similar securities relating to immovable properties used for housing purposes....

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Strong Growth Prospects for Cyprus: 2017 Economic Update

Cyprus is currently undergoing a broad based recovery, with assurance and stability returning after three years of ruthless reforms and austerity measures to stabilise the financial sector and refine public capital. Economic growth on the island is now driven by stable consumption and a vibrant tourism sector. Let’s look...

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Who are the main runners in the bidding war for the Paphos Marina project?

The Paphos Poseidon consortium whose plans to build a new marina were rejected, have stated they will launch an appeal with the Cyprus Supreme Court, citing unlawful decision making. Poseidon’s bid was recently rejected by the Marine Management Committee after the Chamber of Commerce in Paphos claimed the consortium...

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Are Cyprus high-rise buildings in line with modern fire safety regulations?

Following rising concerns from the recent Glenfell tower block fire that killed many people in London, authorities in Cyprus have been responding to concerns about the fire safety measures in the influx of tall buildings scattered across the island with skyscrapers planned in Limassol. Fire safety officials have reassured...

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