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181. Efforts underway for fair and transparent management of T/C properties

The Interior Ministry is proceeding with the implementation of some measures regarding Turkish Cypriot properties, with the ultimate aim of correcting problems that have been created over time and managing them in a transparent and meritocratic manner, Interior Minister Constantinos Ioannou said today....

182. US congressman arrested for fraud and money laundering

US Republican congressman George Santos has been arrested in New York on federal charges of fraud, money laundering and theft of public funds....

183. Murdered sex worker from Ukraine still unnamed

More details have emerged in the brutal murder of a woman from Ukraine, with Cypriot police focusing primarily on a single male suspect while also arresting her female friend, a key witness who says she had booked an extended paid sex appointment for the victim on the night she was killed...

184. TaxApp.cy: The easy way to submit a tax return

With TaxApp, taxpayers can easily and quickly submit their tax returns while ensuring correct submission. ...

185. The real estate industry's crucial turning point

The European Parliament recently approved a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the property markets in Cyprus and Greece, where there is a large stock of buildings over 30 years old and requiring energy upgrades....

186. Air guardsman caught applying for hitman job on rentahitman.com

An Air National Guardsman was arrested and charged Thursday with applying to be a hitman on a parody website, officials say....

187. F1's Leclerc chases watch thieves in custom Ferrari, caught on video

188. 75.6% increase in motor vehicle registrations in March 2023

Total registrations of motor vehicles in March 2023 numbered 4,270, recording an increase of 75.6% compared to 2,431 in March 2022, according to the report entitled "Registration of Motor Vehicles" for the period January-March 2023, published by the Cyprus Statistical Service on Monday.Hi...

189. €130M grant plan proposed for 358 refugee apartment buildings

In an effort to effectively manage buildings in government housing estates and address observed structural issues, the Ministry of Interior has prepared a comprehensive Sponsorship Plan to be presented at Friday's Cabinet meeting. ...

190. Cyprus short-term rental bookings rebound in 2022, but still below 2019 levels

Eurostat, the statistical service of the EU, reported that during the fourth quarter of 2022 (Q4 2022), short-term rental accommodations booked through platforms like Airbnb, Booking, Expedia Group, or TripAdvisor were in high demand, with guests spending around 97 million nights in such accommodations across the EU. ...

191. FinMin stresses importance of stable legislation for out-of-court auctions

The Finance Ministry has stressed the importance of having stable legislation regulating out-of-court auctions, in tandem with an effective insolvency framework in order to achieve a reduction of bad loans....

192. No dignity for elderly refugee thanks to government

An elderly refugee, who is facing health problems and lives in one of the 43 unrepairable refugee apartment buildings without a lift, is confronted with a harsh reality in the twilight of his life....

193. Legalities and time constraints delaying repairs of refugee apartments

Attempting to overcome legal and time constraints in the construction of refugee apartment buildings...

194. 'Structural Integrity Certificates' should be made mandatory

The recent earthquakes in neighboring countries, as well as the aftershocks, felt in Cyprus, have brought to the forefront what we have been saying for years: the need to check the suitability of all our buildings on a regular basis....

195. MEP's pass bill banning home sales or rentals without energy upgrade

All properties available for sale or rent must incur compulsory energy upgrade costs, costing tens of thousands of euros, from 2030 onward, based on what is stated in the relevant European Union directive....

196. Petrol stations open their doors to electric mobility

Petrolina Holdings Public announced last month the installation of the first state-of-the-art electric vehicle rapid charging charger at its petrol station in Larnaca's GSZ district....

197. Real estate trends in 2023

Increased inflation, rising interest rates, rising building costs, rising property values, a slight decline in new development approvals, a slight decline to stabilization in the unemployment rate, a slight increase in GDP, and a slight decline in private lending are just a few indicators of the (very) general economic picture....

198. Finance minister calls on banks to delay foreclosures

The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...

199. Musk building 'utopian' town for employees

Elon Musk has reportedly bought thousands of acres of land about 35 miles outside of Austin and plans to build his own town there for employees to live and work....

200. Foreclosure sales to restart after Parliamentary vote

The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....

201. Charred body in Nicosia home still a mystery

Police say they are still investigating a house fire in Nicosia that took place on Tuesday night, when fire fighters discovered a charred body inside an abandoned property while another man was at the door gasping for air...

202. Coked up football fan critical after fall from moving car

A man has been hospitalized in critical condition after falling from a vehicle barreling down the Paphos-Limassol highway, with police arresting the driver who tested positive for cocaine...

203. Parisian opera house that inspired ‘Phantom of the Opera’ becomes an Airbnb

For a limited time only, a Parisian opera house box seat typically reserved for visiting dignitaries is being transformed into an Airbnb and priced for the ridiculously reasonable €37 per night....

204. Thinking of investing in real estate? Don’t do it.

A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....

205. Police propose law to text camera citations to owners

The Cypriot government seeks to amend legislation so that authorities can notify traffic camera violators via SMS or email text, but legal issues and a drastic drop in daily violations could hinder those efforts when the bill heads for the House this year...

206. PwC: 5.2 billion in real estate transactions in 2022

Transaction volumes in the real estate and land development sector have surpassed those of 2019. According to the most recent PwC Cyprus publication, the total value of transactions in 2022 will reach €5.2 billion,...

207. Apartment prices continued its upward momentum in Q4 2022

Apartments continued to drive the rising real estate prices in the fourth quarter of 2022, data published by the Aks WiRE Index show....

208. 'Mortgage to rent' plan approved

The Cabinet has approved the Treasury's proposal to establish a "rent versus installment" scheme known as mortgage to rent....

209. Award-winning director Nick Broomfield talks of his carefree life in Nicosia

Nick Broomfield, now 74, is revered among documentary professionals in the United Kingdom and beyond. ...

210. A large number of foreclosure notices to be sent tomorrow

Today, Tuesday, January 31, 2023, marks the end of the most recent three-month suspension of divestments imposed by a resolution of the House of Representatives. ...