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Archive for January, 2008

Cyprus weather in January

“Cyprus enjoys the best Mediterranean climate with approximately 340 days of sunshine per year. Paphos has the finest climate on the island with cooler summers and short mild winters. The swimming season practically starts from April and does not end until November. Pine forests are close to the coast and it is possible to ski […]

Cyprus property numbers and costs

The Statistical Service of Cyprus (CySTAT) produces various figures concerning the Cyprus property market. They publish a Construction and Housing statistics report for 2005, and I’ve used this information to construct the chart below. This shows the number of properties completed in each year together with the cost (not price) of construction per square metre […]

Cyprus attracts retired Britons

RECORD numbers of Britons are fleeing the country for more appealing climates, lower taxes, more affordable property and fewer traffic jams. Latest figures from the Office for National Statistics show that 200,000 people left Britain for good in 2007, and the majority of them were retirees. However, many of those who live the dream underestimate […]

Construction loans boom despite Banks’ measures

Despite measures taken by the Central Bank of Cyprus earlier in the year, loan growth hit a 10-year high in December 2007. According to the Central Bank’s figures, loans made by the commercial banks rocketed

Specific Performance what Protection?

In 2001 we bought a plot of land and had a house built on it. We decided to move to somewhere closer to town and we’ve been trying to sell. We’ve had a few people around and one couple put in an offer which we accepted. But when their lawyer did a search he found […]

Cyprus property developers claim expat tried blackmail

THE PARALIMNI Cyprus property developers at the centre of a police assault investigation involving a British home buyer yesterday countered the allegation by accusing him of blackmail. Conor O’Dwyer, 38, spent six days in Larnaca hospital last week after being allegedly assaulted by the father and son developers, who were later arrested and held in […]

Title Deed trap and the emergence of self-help groups

The Politics of Homeownership and Title Deeds (1) We have been consistent in explaining, and drawing attention to the sorry state of affairs which exist regarding the matter of homeownership and the issue of title deeds. Recent developments in the field and concerns expressed from readers merit a return to this topic by taking a […]

Buyers and their odyssey: case studies

The Politics of Homeownership and Title Deeds (2) In last month’s issue of in In Touch we critically examined the historical, social and legal issues, outdated laws and legal contradictions and the collusion between the authorities, developers and vendors in general which have gradually let to the present sorry affair regarding “titleless” properties. The quest […]

Surviving the Property Jungle: A Safety Kit for Property Hunters

The Politics of Homeownership and Title Deeds (3) This final Part 3 of our articles on the property trap is about good practice. In the previous articles we explained the traps laid by others to catch purchasers and the problems the latter often experience as they fall into the traps. The present paper is about […]

Non-payment of communal charges

I live in a complex of apartments and after nine long and frustrating years we all got our Title Deeds last May. We took over responsibility for the administration and management of the apartments from our developer and our lawyer helped us set up a “Management Committee” to look after things. There are forty eight […]

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