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Archive for May, 2009

Cyprus petition deadline approaches

The deadline is approaching to add your name to the on-line petition calling on Gordon Brown to put pressure on the Cyprus Government to protect the rights of property buyers

Getting rid of this wretched Cypriot lawyer

Providing you have settled your account, you can dispense with this woman’s services immediately and get yourself another lawyer. The British High Commission in Nicosia publishes a list of English speaking lawyers you can find by

Action group organises demonstration

CPAG is organising a peaceful demonstration against the Cyprus Government, which will take place

Hatton dream turns into nightmare

Derek Hatton’s company that sold property in Cyprus is no longer in business, although his rental and management company is continuing as usual. According to a report in the Mail Online his company has been credit-crunched.

Cyprus tax receipts from property tumble

Reflecting Cyprus’ stagnant property market, Capital Gains Tax receipts on the island tumbled in the first four months of the year; Stamp Duty and Immovable Property Tax receipts also fell.

Bank of Cyprus to cut mortgage rate

The Bank of Cyprus will cut its base mortgage rate by 1% in early June, bringing it down to 4.25%. However, overseas property investors may not benefit from the rate cut as it will only apply to mortgages

Cyprus question raised in Lords

Seeking to end speculation surrounding the Cyprus Government’s promise to resolve the Title Deed problems encountered by thousands of British citizens who have bought property on the island, Lord Jones of Cheltenham has tabled a further written question in the UK House of Lords seeking a progress report on the matter.

Cyprus could suffer as EU monitors deeds fiasco

Despite an assurance by the government that an end to the title deeds shambles is in sight, many desperate home buyers are putting their faith in the EU in an effort to safeguard their properties.

Cyprus property exchange schemes target UK homeowners

There’s a very real possibility that you could end up buying a property being blissfully unaware that it’s mortgaged; you’ll only discover this later, when you come to sell the property or when the bank comes knocking on the door to repossess it because the developer has not repaid the loan.

Cement sales confirm property problems

Further confirmation that the Cyprus property and construction sectors are facing serious problems came today with the release of domestic sales figures for cement by the Cyprus Statistical Service (CYSTAT).

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