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Archive for April, 2010

Cyprus protest saves new projects

Following last weeks protest outside the Paphos town hall by Alpha Panareti, the Cyprus government has approved several of their construction projects including a mini-marina and solar energy system.

Agreement signed for Tersefanou golf course

The construction of the long-awaited golf course at Tersefanou, near Larnaca in Cyprus, should get underway soon following the signing of an agreement yesterday between Med Golf and the state.

Is a property only worth what someone will pay for it?

An in-depth article by Charles Charalambous in the Cyprus Mail looks at the property transfer tax system and the consequences for property buyers resulting from the Land Registry re-assessing the amount tax payable using its own historical data.

Cyprus Property Action Group silenced by libel threat

Following a writ moved by Armonia Estates and Pantelis Leptos, the Cyprus Property Action Group has decided to close down its existing website.

Landmark ruling by the Supreme Court

In a landmark ruling, the three-judge panel of the Supreme Court of Cyprus has found a Cypriot lawyer to be professionally negligent and liable to compensate a British couple for money they lost as a result.

Arrogant developers damaging Cyprus

The arrogance still being shown by developers towards foreign buyers on the Title Deeds issue is scandalous. They don’t seem to be aware of just how much lasting damage they have done to the market and to Cyprus.

Agreement between Cyprus and Qatar approved

The Council of Ministers has officially approved the agreement signed on Wednesday between Cyprus and Qatar for the creation of a joint venture for a major project in Nicosia, which will include a five – star hotel, apartments, offices and a commercial centre.

Qatar and Cyprus sign real estate deal

Yesterday, the Government of Cyprus and Qatar signed a number of agreements including a construction project opposite the Hilton Hotel in Nicosia that will include a five-star hotel, a shopping mall, offices and a residential complex.

Developers warn of layoffs

Around 600 staff from Cypriot development company Alpha Panareti held a protest outside the Paphos town hall over bureaucratic delays in government departments that could result in staff layoffs.

Storm clouds darkening over Cyprus

An economist report has highlighted a number of significant problems in the Cyprus property market and warns that prices have still to fall from their already depressed levels before they bottom out.

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