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Archive for 2010

Can Cyprus benefit from the Irish experience?

The Irish government took effective action to protect homeowners when Ireland’s property bubble burst in 2008. Can Cyprus benefit from Ireland’s experience and protect those who have bought property on the Island or are the vested interests too powerful?

Price cuts fail to attract foreigners to Cyprus

Price cuts of up to 30 percent being offered by some developers are failing to attract foreign property buyers to Cyprus following negative publicity and government inaction.

Cyprus property market shows weak signs of growth

The Cyprus property market is depressed and shows weak signs of growth according to the latest RICS (Royal Institution of Chartered Surveyors) European Housing Review.

Cyprus changes estate agents law following EU inquiry

Following a European Union inquiry into the Cyprus laws governing estate agents, the Interior Ministry has submitted a new draft law to Parliament to bring it into line with the Acquis Communautaire.

Latest property sale figures for Cyprus

The beleaguered Cyprus property market has received some encouraging news from the Government’s Lands and Surveys Department with the publication of its property sale figures for February 2010.

Cyprus government extends water saving subsidies

The Cyprus government’s Water Development Department (WDD) has announced the continuation of various subsidy schemes in its drive to promote water saving which have now been extended until 6th December 2010.

Low-end portal users return

The lower end of the British buyer market may be returning to overseas property, according to portal Primelocation.com with searches for property in Cyprus up by 55%.

Cyprus refugees to get Title Deeds

The government is trying to secure Title Deeds for all refugees living in government-built estates, including those on Turkish Cypriot land, a top official said on Thursday.

Slowdown in Cyprus construction activity continues

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,624 residential properties were authorised in December 2009.

Bad omens for Cyprus economy

Revenues flowing into the Cyprus government’s coffers dropped in January 2010 sounding alarm bells in the Finance Ministry for the economy and what the fiscal deficit might reach in the coming year.

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