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Archive for March, 2010

Number of building permits in Cyprus fell in January

Latest figures from the Cyprus Statistical Service show that the number, value and area of building permits issued in January 2010 fell compared to those issued in January 2009.

Developer swaps shares for property in Cyprus

Dolphin Capital Investors, the company that owns the Cyprus developer Aristo, is offering its shareholders a ‘shares for assets’ scheme according to a report in the Overseas Property Professional.

Cyprus property market tarnished by London protest

Conor O’Dwyer continued his ‘Shame on Cyprus’ protest outside the main entrance to Earls Court throughout the recent two-day A Place in the Sun overseas property exhibition.

Ministers to examine property tax in Cyprus

The Cyprus Interior and Finance Ministers are to examine different scenarios for revising property taxes designed to increase the inflow of revenue into state coffers.

Cyprus legal system has reached crisis point

Legal professionals in Cyprus warn that if changes are not made soon, the courts will be failing in their most basic function, to deliver timely justice.

The Loch Ness monster in Cyprus

The new proposals for the Cyprus laws governing estate agents designed to bring them in line with the Acquis Communautaire are a monster in the making according to Antonis Loizou FRICS.

Title Deed reforms before Cyprus parliament soon

Neoclis Silikiotis, the Cyprus Interior Minister, has told Stockwatch that the five bills aimed at speeding up the issue of Title Deeds will be submitted to the Council of Ministers and the Island’s Parliament shortly.

Recovery plan for struggling Britons in Cyprus

Financial services group Marcus James has launched a recovery scheme for Cyprus that offers to take properties off the hands of struggling Britons who can no longer afford their mortgage repayments.

Steps to speed Cyprus Title Deeds issue flop

In a leaked confidential letter to President Christofias, the Cyprus Finance Minister has admitted that steps taken to accelerate the issue of Title Deeds have not added a single Euro to the state’s coffers.

New EU anti-fraud and corruption system launched

Following a Eurobarometer report saying that corruption in Cyprus is a national problem comes news of a new EU anti-fraud and corruption reporting system

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