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Archive for 2009

Cyprus property and construction statistics for 2007

THE CYPRUS Statistical Service (CYSTAT) has published the annual report “Construction and Housing Statistics, 2007” containing detailed information relating to the property sector including the number of new properties completed, construction costs, building permits authorised, etc. During 2007, the main developments in the construction sector were: Growth – The sector continued to record a positive […]

British pensioners in Cyprus feel the squeeze

THE GLOBAL economic downturn and the collapse of the British pound are having an enormous impact on the retired population of Brits in Paphos. David Cornthwaite, the Chairman of the UKCA in Paphos told the Sunday Mail that the biggest topic of conversation among expats at the moment is the financial crisis. “The government of […]

Cyprus lawyer at centre of protest replies

FOTOS PITTADJIS, the lawyer at the centre of yesterday’s peaceful protest in Paphos, has given his side of the story concerning allegations made against him to the Cyprus Mail. In an article by Bejay Browne in today’s paper, he said: “I have heard about this demo, and I must say I find it offensive and […]

Cyprus protesters take to the streets

Earlier today a group of around 100 Cypriots and expatriates mounted a peaceful protest outside the new Paphos offices of the law firm Fotos Pittadjis.

Revised property investment ratings for Cyprus

EARLIER today the influential Global Property Guide published reassessed Country investment ratings for 73 locations around the world. Their investment tables show gross rental yields and long term investment ratings. At the top of the list is Chisinau in Moldova with a “Spectacular” gross rental yield of 14.17% and a long term investment rating of […]

Credit crunch drives ex-pats home

PENSIONERS who moved to a dream life in Cyprus say they are being left financially crippled by the pound’s slide against the Euro and many are considering moving back home. And, if anyone knows how the credit crunch, weak pound and how increased prices have affected ex-pats in Cyprus, it’s Bob Winter, who for almost […]

Paphos building contractors sound alarm bells

Building contractors in Paphos sounded the alarm for increased unemployment in the construction sector due to lower activity. In his statements to StockWatch, Chairman of the Paphos Building Contractors Association, Antonis Petrides said that 80% of the contracting companies have been affected by the crisis, and if things remain unchanged, all contractors in Paphos will […]

Cyprus (Larnaca) feature in British Airways magazine

THE December 2008 issue of the British Airways magazine ‘Business Life’ featured an article about property in Cyprus. Written by Alexander Garrett, ‘Larnaca at large’ told how the town is pressing its case to be considered by anyone planning a home in the Eastern Mediterranean. Readers of this Magazine will know that plans to encourage […]

MacAnthony appeals rejected by NFOPP

The National Federation of Property Professionals (NFOPP) has rejected appeals made on behalf of Darragh MacAnthony by Dominic Pickering, the new CEO of MRI Overseas Property, against its malpractice judgement last year. The chairman of the Disciplinary Appeals Committee, I.F. Rose, FNAEA (Hon’d.), said that the Appeals Tribunal had given the utmost thought and deliberation […]

Further property questions asked in UK House of Lords

THE BRITISH House of Lords is seeking further clarification from the UK Government on how it intends to ensure that the Cyprus Government resolves the long-standing Title Deed issues that are affecting thousands of British citizens who have bought property on the island. In answers to earlier written questions tabled by Lord Jones of Cheltenham, […]

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