Real estate ownership balance shifting

Cyprus Central Bank’s recent financial stability report included some interesting data about the loans and properties that passed into the ownership of Credit Acquiring Companies (CΑCs), shedding a little more light on


Ageing buildings need urgent inspection

Cyprus’ older buildings must undergo immediate inspection, while authorities should introduce mechanisms to prevent incidents like the collapse of two balconies in Paphos from happening again. The Scientific and Technical Chamber of


Pushback to VAT change on home buys

MPs are undecided on whether to pass a European Union directive reducing the size of homes entitled to lower 5% VAT or face hefty financial penalties, while the construction industry wants authorities

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