Latest Headlines

Archive for October, 2010

Legal lifeline for Cyprus property buyers

Buyers can challenge purchases affected by developers’ mortgages. Once a complaint has been lodged, the Competition & Consumer Protection Service of the Cyprus Commerce Ministry is obliged to investigate.

Paphos developer gets five months behind bars

A property developer in Paphos has been sentenced to five months imprisonment for unpaid tax debts.

Life is Hell in Paradise Hills

Life in Cyprus is Hell for the handful of residents living in the unfinished Paradise Hills development built by Paphos-based developer MDB properties which is now in the hands of the administrators.

State sues O’Dwyer for web site

Police add new twist to property dispute in a case that could raise significant issues concerning the freedom of speech on-line in Cyprus.

Moody’s: Cyprus property market remains a risk area

The Island’s once booming property market “remains a risk area with weak demand and unclear growth prospects” according to Moody’s, the international ratings agency.

Castles Built on Sand: A lasting solution

Dr Alan Waring looks in more detail at some of the issues relevant to a lasting solution to the Cyprus property problem in a follow-up article to his ‘Castles Built on Sand’ that we published in June.

Court finds Conor O’Dwyer’s attackers guilty

Cyprus property developers Christoforos Karayiannas, Marios Karayiannas and an employee of their company have been found guilty of causing British home buyer Conor O’Dwyer actual bodily harm as a result of their assault on him in January 2008.

Oh, what a tangled web we weave

The absence of Title Deeds for half of the houses on the island of Cyprus is no help to the construction, trade, and indicative of haphazard practice.

Home buyers may lose their properties

Some forty property buyers in Cyprus may be left at the mercy of the bank and face the prospect of losing their homes following a move to liquidate a property developer with debts of around €3 million.

Government help for the property sector

With many property developers finding themselves in a difficult financial position, questions are asked about what the Cyprus government should be doing to help the Island’s property sector.

Page 1 of 3123

Back to top