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Archive for May, 2010

Is Cyprus in danger of misleading the EU?

In its answers to questions posed to it by the European Union, the Cyprus Government could be in danger of misleading the EU into believing that the Cypriot authorities have taken substantial and effective measures to resolve the Title Deed problems.

Thousands of Cyprus construction jobs lost

According to the president of the Cyprus Contractors Federation more than ten thousand construction workers have lost their jobs and the industry’s productivity dropped by 9 percent last year.

Revised Title Deed legislation hits snag

The much-anticipated bills to resolve the Title Deed issues have hit a snag, after it emerged yesterday that not all concerned had been properly consulted during the preparation of the legislation.

Property rights campaigner in court

Denis O’Hare, the Cyprus property rights campaigner, has appeared in a court in Paphos and is contesting the a writ moved against him by Armonia Estates Ltd and Pantelis Leptos, vice-chairman of Leptos Group and Marketing Director of Leptos Estates.

Cyprus government set to increase property tax

The government of Cyprus is expecting to collect an additional €10 million to €20 million in taxes from property owners in a bill designed to increase state revenues to combat the recession.

Property prices fell in Quarter 1 2010

RICS Cyprus has published the second edition of its quarterly Property Price Index showing a fall in the prices of residential apartments and houses and a general fall in value of commercial properties during the quarter.

Tenancy Disputes in Cyprus

Landlords and tenants, like cats and dogs, do not always see eye to eye and disputes between the parties occur frequently. Ideally, such disputes are best resolved without recourse to the Cyprus courts as Louise Zambartas explains.

Cyprus Bar to advise lawyers after landmark ruling

Following a landmark ruling by the Supreme Court of Cyprus which found a Cypriot lawyer professionally negligent, the Cyprus Bar Association has determined to advise its members accordingly.

New title search procedures in Cyprus

New procedures introduced in Land Registries throughout Cyprus should make it much easier for prospective property buyers to discover whether their potential purchase is mortgaged.

AIPP gets tough on North Cyprus agents

The Association of International Property Professionals (AIPP) has warned its members that they could be ejected if they continue to sell property in the areas of Cyprus under Turkish military occupation.

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