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29th March 2024
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Monthly Archives: June, 2010

Aristo Developers subject of MEP question

Aristo Developers, a Cyprus property development company, was the subject of a question raised in the European Parliament by Syed Kamall MEP for London who is seeking advice for one of his constituents.

Further decline in property prices

The Central Bank of Cyprus anticipates that property prices will continue to fall in 2010 according its June economic bulletin and warns that the risks to the banks will be greater if the slump in property prices is higher than expected.

Dream holiday home nightmare for British couple

It is not only property buyers in the free areas Republic of Cyprus who are at risk of losing their homes if developers fail to service their mortgage debts. Buyers in the Turkish occupied areas of the island have already started to lose their homes as a result of unpaid loans. An omen of things to come in the South?

MEP calls for Cyprus fact-finding mission

MEP Daniel Hannan has called on the EC to send a fact-finding mission to Cyprus to investigate the Title Deed problems in a further written question to the European Commission.

Leptos Estates backs down in libel action

Leptos Estates, the Cyprus property development company, has backed down and withdrawn its libel action against property rights campaigner Denis O’Hare of the Cyprus Property Action Group.

EU questions Cyprus on developer mortgages

Daniel Hannan, MEP for South East England, has raised a question in the European Union Parliament to uncover the facts behind the Cyprus developers mortgages scandal, the number of properties involved and the total mortgage debt of the developers.

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