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25th April 2024
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Yearly Archives: 2010

Yet another Immovable Property Tax scam

Just when we thought we had reported all of the Cyprus Immovable Property Tax scams, yet another one rears its ugly head; this time by a well-known Paphos-based developer.

Cyprus joins EU excessive deficit watchlist

The EU is proposing that the public finances of Cyprus, along with those of Denmark and Finland, requires further scrutiny as it poses a threat to the wider European economy.

ETEK calls for demolition of illegal buildings

The Cyprus Scientific and Technical Chamber (ETEK) has called on the government to demolish illegally constructed buildings, according to a recent report in the Greek language newspaper Politis.

Castles Built on Sand

Dr Alan Waring considers the growing problems with the Cyprus property market and wonders where it is heading and if there are ways to prevent the industry from destroying itself.

Aristo Developers subject of MEP question

Aristo Developers, a Cyprus property development company, was the subject of a question raised in the European Parliament by Syed Kamall MEP for London who is seeking advice for one of his constituents.

Further decline in property prices

The Central Bank of Cyprus anticipates that property prices will continue to fall in 2010 according its June economic bulletin and warns that the risks to the banks will be greater if the slump in property prices is higher than expected.

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