SINCE the beginning of the year, Cyprus Property News has attracted more than 490,000 readers and as we approach Christmas we are publishing a list of the Top 10 stories that have attracted the most interest from our readers over the past 12 months.
Surprisingly, the most popular story was a ‘spoof’ video about a massive new development in Paphos which criticised the nefarious activities of those in the construction industry.
Cyprus Property News ‘Top 10 of the Props’ 2010
Published 29th June 2010 – read by 10,014
IN THE NUMBER 1 SPOT this year is a story about the largest development ever to be undertaken in Cyprus codenamed ‘Papholand’. Heading up the consortium of property developers is none other than Adolf Hitler and the spoof video highlights the practices of the Island’s nefarious property developers. Watch it again below.
Published 15th August 2010 – read by 4,063
ANTONIS Loizou warned that 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 called for extreme caution by prospective buyers.
Published 22nd April 2010 – read by 5,420
SAVVAS Savouri, partner and chief economist at Toscafund Asset Management LLP highlighted a number of significant problems in the Cyprus property market and warned that prices have still to fall from their already depressed levels before they bottom out.
Published 1st November 2010 – read by 5,128
FOLLOWING on from the revelations in the Cyprus Mail that developers, estate agents, lawyers and banks in Cyprus are continually, systematically and habitually infringing EU Directives and breaking the law we reported on the possible implications for the Cyprus property sector and banking system.
Published 29th January 2010 – read by 4,489
A NEW ERA dawned with the launch of the RICS Cyprus Property Price Index which aims to contribute to the transparency of the property market in Cyprus. The index uses a methodology developed by Professor Dr Pat McAllister MRICS and Dr Franz Fuerst from the Reading University Department of Real Estate & Planning at Henley.
Published 7th January 2010 – read by 4,149
FIGURES published by the Cyprus Department of Lands and Surveys revealed that the Island’s overseas property market collapsed in 2009 with a mere 1,761 properties being sold to non-Cypriot buyers compared to the 6,636 sold in 2008 and the 11,281 sold in 2007.
Published 25th April 2010 – read by 3,907
FOLLOWING a court order issued at the request of Leptos estates, the Cyprus Property Action Group (CPAG) closed down its website. The writ was moved on March 31 against Denis O’Hare, the CPAG representative who owned the website, by Armonia Estates Ltd and Pantelis Leptos.
Published 24th October 2010 – read by 3,800
A BANK moved an application to appoint receivers and liquidators to recover the debts of a property developer in Paphos who owes his creditors approximately €3 million. Criminal proceedings were instigated against the developer for non-payment of VAT and some forty homeowners face the prospect of losing their homes.
Published 11th June 2010 – read by 4,774
LEPTOS Estates, the Cyprus property development company, backed down and withdrawn its libel action against property rights campaigner Denis O’Hare of the Cyprus Property Action Group. The packed public gallery of a Paphos courtroom broke into applause when the lawyer acting on behalf of Mr O’Hare announced that the libel case against his client, brought by Armonia Estates Ltd and Pantelis Leptos, had been dismissed.
Published 21st March 2010 – read by 3,682
THE DREAM of owning a place in the sun has turned into a nightmare for Brits struggling to meet mortgage payments on a property that has sunk in value. But a new UK-based scheme claims it has a solution which could allow owners to bail out without incurring the penalties of repossession and negative equity.