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20th April 2024
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Yearly Archives: 2009

News

Property buyers at risk as second developer collapses

Charles Charalambous -
More people face loosing their homes in Cyprus as a second property developer is liquidated. Buyers of A&G built properties without Title Deeds have been left at the mercy of the banks.
Letters

Financial ruin for Cyprus is just a rip-off away

Editorial -
A retired Russian speaks out about "rip-off Cyprus" and the exploitation of the British and other foreigners by property developers and shopkeepers, and warns of the financial consequences to the island and its reputation abroad.
News

Property market report for Cyprus

Nigel Howarth -
Falling property sales, which are down by 52% this year compared to last, are impacting employment levels, the inflow of revenue to state coffers, and the island’s economic well being.
News

Improvement in Cyprus direct tax revenues

David Crowther -
There are signs that the Cyprus government’s efforts to avoid the island’s budget deficit exceeding 3% of its GDP, which would result in EU Supervision, are bearing fruit with Immovable Property Tax collections almost doubling during September.
News

Building permits for Cyprus residential property falls

David Crowther -
Figures released today by the Cyprus Statistical Service (CYSTAT) show that building permits for the construction of 1,161 residential properties were authorised in July 2009; down by nearly 40% on the 1,925 authorised in July last year.
Legal Matters

EU acts against Cyprus over estate agent curbs

Charlie Charalambous -
Brussels considers that Cyprus’ estate agents law that imposes conditions on the professional requirements of estate agents from other EU member states is incompatible with European rules.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate. 

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

Cyprus Property News also has an on-line Cyprus Property Forum where individuals wishing to buy or sell property and those who are facing problems can seek independent advice completely free of charge.

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