Real Estate

Cyprus has announced it will abolish a controversial passport scheme following an investigation by Al Jazeera that revealed how high-ranking politicians were willing to issue passports to convicted criminals. The interior and finance ministries said in a statement posted in Greek on Twitter that the citizenship through investment programme in its current form will be abolished from November 1. “The...

Following successive monthly falls of 80% in April, 71% in May, 10% in June and 8% in July, Cyprus property sales in August fell by 5% according to official figures published by the Department of Lands and Surveys. During August a total of 561 property sales contracts were deposited at Land Registry offices across the island compared to the 588 deposited in August last year. But on a positive, the rate...