Search

31. Relief for vulnerable households with non-performing loans

The ''Rent vs Instalment Scheme'' was approved by the Council of Ministers today, as announced by Government Spokesperson Konstantinos Letymbiotis following the conclusion of the Council. The European Commission's Directorate General for Competition also granted approval on July 6....

32. Parliament to vote on law for borrowers' foreclosure appeal

The news from the "Oikonomiki Kathimerini" about the suspension of first home foreclosures up to €350,000 until the end of October has been confirmed. ...

33. Turkish or Turkish Cypriot? Court decision controversy

The Republic of Cyprus will pay a compensation of €345,000 to a Turkish Cypriot of American origin, while also returning his property in Limassol, which was being irregularly exploited....

34. June Newsletter - Deadline for settlement of taxes through self-assessment

35. Surge in fraudulent accommodation scams targets holidaymakers

The director of the Electronic Crime Sub-Directorate, Andreas Anastasiades, has issued a warning about a surge in fraudulent activities where criminals are posing as tenants or owners of houses, apartments, and hotels....

36. Real estate: A closer look at prices and rental trends

With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....

37. 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....

38. 'Mansion tax' introduced to help homeless Californians

Some of the biggest names in Hollywood are rushing to sell their multi-million-dollar houses in Los Angeles before a new “mansion tax” kicks in on April 1....

39. Legalities and time constraints delaying repairs of refugee apartments

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

40. '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....

41. 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....

42. 1,100 euro rental cap on thousands of homes in the Netherlands

The Dutch government will impose limits on rents for more than 300,000 homes in order to provide affordable housing in the face of a shortage in the country's housing problem....

43. The Commission is pushing for regulation of Airbnb-style lodgings

As part of its efforts to promote transparency in the short-term rental sector, the Commission adopted on Monday a proposal for the regulation to improve transparency and assist public authorities in ensuring the sector's balanced development in the context of sustainable tourism....

44. Budget approved for 1,000 charging stations across the island

The Cabinet on Wednesday approved a proposal submitted by the Ministry of Transport for the installation of 1,000 public charging stations for electric vehicles, with a budget of 3.7 million euros....

45. Mass arrest warrants issued after Pournara clash

A whopping 75 arrest warrants have been signed by a Nicosia judge following clashes at a migrant camp last week, with police seeking to capture all suspects after the interior minister vowed to deport anyone involved in the incident...

46. Police detain one person after Pournara incident

An asylum seeker in Cyprus was arrested over the weekend following an incident at Pournara migrant camp on Friday, when police made use of tear gas as people fled the overcrowded facility, with the interior minister vowing to expel anyone involved in clashes that also led to two tents catching fire...

47. Landlords arrested after attack video goes viral

An elderly couple has been arrested in Limassol after their tenant told police they assaulted her, while a video of the attack appeared on social media along with reports of a rental dispute...

48. Woman brutally killed in vacated midtown home

Police are investigating the death of a woman after her body was found on Tuesday in a vacated property in Nicosia, with reports saying her face was badly battered and bloodied...

49. Germany dims lights as it leads Europe in saving energy

Summer nights in the wealthy Bavarian city of Augsburg this year are eerily dark and quiet: The facades of historic buildings are not illuminated, street lights are dimmed and most of the fountains are not operating....

50. African in Cyprus tired of other blacks acting out

A man from Africa, who was interviewed by reporters in Paphos following a house fire incident in Emba, spoke of a 'black mentality' as one of the reasons why sometimes locals were apprehensive about asylum seekers...

51. 'Nightmare' scenario for Europe as Russia shuts off gas pipeline

The main natural gas pipeline between Russia and Germany shut down for scheduled maintenance Monday, raising concerns that Moscow could use the repairs as a pretext for a longer shutdown as it wields energy supplies as leverage in the Ukraine war....

52. Mayor, minister trade barbs over fallen balconies

The collapse of two balconies in Paphos last week has stirred up debate about asylum seekers being cramped into old apartments, but an expert in the field says local tenants are also part of the problem as there are no laws that would force them to vacate a building in need of maintenance...

53. Men critical after balcony collapse in Paphos

Three young men in Paphos were seriously injured on Thursday when the balcony of their apartment collapsed, prompting the mayor to level accusations against 'greedy property owners' who crap people in old buildings...

54. The MSCI 2021 results are in - Consulco Outperforms the Market

The MSCI results are now available, and Consulco’s London commercial real estate portfolio has outperformed the Greater London Retail property market in all time frames over 3, 5 & 10 years, achieving a 7.5% total return per annum since inception....

55. A third dose is recommended for children over 12, a fourth to the more vulnerable

In its efforts to protect the most vulnerable from covid, the National Advisory Committee on vaccines and the Ministry of Health are recommending the following:...

56. Rental prices are soaring in Britain

Rents in the UK rose at a record rate last year and are expected to continue to rise in 2022, albeit at a slower pace, according to an analysis by Rightmove....

57. State issues ultimatum in Chloraka refugee standstill

Paphos officials are seeking ways to convince asylum seekers at a controversial studio complex in Chloraka to move out, with reports saying residents have been told they would lose their refugee assistance unless they agree by the end of the month to relocate at a migrant facility...

58. Chloraka refugees in limbo as time runs out

A two-month grace period for asylum seekers in Chloraka ordered to move out of a studio complex is about to expire, with police saying they cannot enforce the eviction order as it has not been signed by a judge...

59. Four arrested after noise complaint in Limassol

Police say two law enforcement agents who responded to a noise complaint in Limassol were at some point attacked by all four tenants, with one of them even allegedly groping the female officer during the incident...

60. Cyprus police evict asylum seekers on New Year’s Eve

Law enforcement officers in the Republic of Cyprus extracted 60 asylum seekers from their place of residence on Friday and transported them to a deportation facility during an operation to enforce an eviction notice from last week...