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Archive for August, 2010

Europe rejects call for Cyprus fact-finding mission

A call by MEP Daniel Hannan in the European Parliament for a fact-finding mission to Cyprus to investigate the numerous Title Deed problems has been rejected by Viviane Reding, Vice-President of the European Commission.

Domestic property sales improve

Although the recovery in Cyprus’ beleaguered overseas property market appears to be faltering, domestic sales are strong with growth so far this year in double-digits.

Time to buy? House prices fall 20-30 percent

Although prices of property in some part of Cyprus have fallen by as much as 30 percent, the risk in the market has increased and calls for extreme caution by prospective buyers and their lawyers warns leading expert.

MEP questions Cyprus on planning and building regulations

Once again, Cyprus has come to the attention of the European Union Parliament with Ashley Fox, MEP for the South West of England and Gibraltar, raising a number of questions concerning the Island’s planning and building regulations.

Interior Minister surrounded by corrupt advisors

Neoclis Sylikiotis, the Cyprus Interior Minister, has come under fire in the local press for the delay in implementing the property reforms and amnesty packages and accuses his advisors of being corrupt and incompetent.

I would not have bought in Cyprus had I known

An overwhelming number of our readers would not have bought a property in Cyprus had they known that their developer had mortgaged the land on which it was built.

Qatar deal still in the balance

The deal signed by the Cyprus government and Qatari Diar Real Estate Investment Company to build a luxury hotel, commercial, residential and leisure complex in Nicosia is still in the balance.

Cyprus police name K & M Famagusta developers

In a move designed to protect the public, the police have named the Cyprus property developer under investigation for several cases of alleged fraud including selling the same property twice.

Cyprus property developer under police investigation

The police are investigating a Cyprus property developer who is alleged to have sold the same apartment twice; a situation that might have been avoided if the Land Registry were doing their job properly.

Cyprus overseas property market recovery faltering

The recovery in Cyprus’ beleaguered overseas property market may be faltering according to the latest figures released by the Department of Lands and Surveys.

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