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Archive for July, 2009

Cyprus law reforms are not a cure-all

The legal reforms proposed by the Cyprus Interior Minister Neoclis Sylikiotis are not a cure-all solution to the many Title Deed problems. Those who have been deceived into buying mortgaged property will continue to remain at risk unless the Government acts to protect their interests.

Proposals to untie the Gordian knot

Proposed changes to Cyprus’ antiquated property laws may help existing buyers obtain Title Deeds to properties that have been built illegally But they contain nothing to help those who have been duped into buying mortgaged property and those whose Title Deeds are being held to ransom by unscrupulous property developers.

Cyprus Interior Minister’s Statement on Title Deeds

Effective and comprehensive measures are introduced to solve the problem of Title Deeds in Cyprus – Minister of the Interior Mr Neoclis Sylikiotis – 22nd July, 2009

Cyprus market at risk from unsold houses

The ever increasing number of unsold apartments and houses in Cyprus is placing a heavy financial burden on the developers. As well as having to service their mortgages, developers have to pay for the maintenance and upkeep of their unsold properties.

Details of Title Deed proposals to be announced

The Cyprus Interior Minister will announce details of the proposals to resolve the problems with issuing Title Deeds within the next two months, according to a report in the local press.

Building permits for residential properties down

According to the latest figures from the Cyprus Statistical Service (CYSTAT) building permits for the construction of 1,252 residential properties were authorised in April 2009; down by almost a quarter on the 1,658 authorised in April last year.

Sea caves destroyed by developer

Developers in Cyprus are causing irreparable damage to the natural environment and seem intent on destroying the very reasons people come to live on the island in their endless quest for money.

O’Dwyer assault case drags on into sixth month

Cyprus Interior Minister Neoclis Sylikiotis suggests that property buyers should take developers to court if they believe they are acting illegally. As the case involving the alleged assault on Conor O’Dwyer clearly demonstrates, the Cyprus justice system is unfit for purpose!

Cyprus government in incestuous relationships

In Cyprus, developers can truly be regarded as a ‘protected species’, one that the Cyprus government is prepared to protect to the last; not least because of the incestuous financial relationships they together enjoy.

State plans to fix title deeds mess flawed

The problem is that the Cyprus Government is too closely involved with the greedy banks and grubby developers and only foreign intervention will sort the matter out.

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