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Archive for December, 2010

A new dawn for the Cyprus property market?

Next year could see the dawning of a new era in the Island’s property market following the introduction of the proposed changes to the property laws; Andreas D. Symeon explains.

Laws to iron out problems with Title Deeds

Parliament is currently in the process of preparing a law in cooperation with the government and banks that will put an end to the current Title Deeds system that has left hundreds of home buyers at the mercy of debt-riddled developers.

Government needs to take urgent action

The Cyprus government has been urged to take “decisive steps to eliminate delays related to the issuing of title deeds,” to focus hard on reviving the island’s overseas property sector, and to avoid increasing local property taxes.

Developers meet with Central Bank Governor

The Cyprus Land and Building Developers Association has met with the Central Bank to discuss financing problems and the Title Deed legislation currently before a Parliamentary Committee.

Building permit numbers improve in October

Figures released today by the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties rose in October compared to the same month last year.

Top 10 stories from Cyprus in 2010

The chart topper in the Cyprus Property News’ annual list of the Top 10 stories highlights the practices of the Island’s nefarious property developers in a spoof video featuring Adolf Hitler.

Call to reform the property tax system

George Strovolides, president of the Cyprus Property Owners’ Association , urged the government to reform the property tax system tax during the association’s annual general meeting.

Will UK govt help Brits caught in Cyprus scams?

Will the UK government be prepared to step in and help Brits in Cyprus who have been caught in property scams by repeating the initiative it has shown in Spain by its intervention to help expats caught in the Spanish property scams?

Are we being deceived by EC reply to Cyprus question?

EC Vice-President Ms Viviane Reding has replied to Daniel Hannan’s question concerning developer mortgages in Cyprus. However, the answer she gives fails to answer the question asked and I wonder if someone is trying to deceive the European Commission?

Central Bank real estate price index

In its December Economic Bulletin, the Central Bank of Cyprus presented the results of the Real Estate Price Index it prepared in collaboration with domestic monetary and financial institutions.

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