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Archive for November, 2010

Construction slowdown continues in September

Figures released today by the Statistical Service show that the number of building permits issued for the construction of residential properties in Cyprus continued to fall in September.

Could Spanish nightmare happen in Cyprus?

Could a nightmare case in which a couple may lose their UK home as a consequence of missing their mortgage repayments on a flat in Spain happen in Cyprus?

Agreement on town-planning development in SBAs

The Republic of Cyprus is heading towards an agreement with the British Sovereign Bases over town-planning development of areas under their sovereignty.

Cyprus town of Limassol to get seafront upgrade

Work to revitalise the seafront at the Cyprus town of Limassol is expected to start in the New Year following the signing of contracts last week by the Mayor, Andreas Christou, and Georgios Anastasi, MD of the company running the project.

Brit plans to sue Turkish Cypriot properties Guardian

Parts of a 300 donum plot of land at Nisou owned by a British woman have allegedly been given to property developers to build luxury homes, while other parts have been used for warehouses, a garden centre and other business.

Building permits continue fall in August

Figures released in the week by the Statistical Service show that the number of building permits issued for the construction of residential properties in Cyprus continued to fall in August.

Cyprus rating cut on banks’ Greece exposure

Rating agency Standard and Poor’s downgraded Cyprus’ sovereign credit rating by one notch and set the outlook as ‘negative’ as a result of increasing vulnerabilities in the Island’s banking system.

British developer shatters Cyprus retirement dreams

A British developer has left nothing but shattered dreams for people planning to retire in Cyprus. Adrian Mills promised luxurious homes in the sunshine but left his clients hundreds of thousands of pounds out of pocket.

The EU and the Cyprus property scandals

The Cyprus Property Action Group considers the implications of the EU Unfair Commercial Practices Directive on the property scandals taking place in Cyprus which, it believes, could have monumental implications.

ITV documents O’Dwyer case

An ITV crew was in Cyprus this week to record a segment for prime-time television show ‘Homes From Hell’ which investigates claims of “foreign retreats which started off as dreams and turned into nightmares”.

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