Latest Headlines

Archive for 2010

MRI clients in Cyprus – no furniture, no refund

MRI clients, who bought apartments in Cyprus, say that furniture “packs” costing an average of €15,000 per apartment had still not been delivered months, in some cases years, after they were due.

Orams decision could open Pandora’s Box

The Court of Appeal decision requiring the Orams to demolish their house in occupied northern Cyprus could open Pandora’s Box enabling Turkish Cypriots to demand compensation for the loss of use of their properties and restitution.

Cypriot economy still in recession

Although the Cyprus economy is still in recession it may have started to climb out in the fourth quarter of 2009 according to the latest flash estimates from the Cyprus Statistical Service (CYSTAT).

Construction & Housing Statistics (2008)

In a press release issued this morning, the Cyprus Statistical Service announced that it has published its annual Construction and Housing Statistics report for the year 2008.

Property prices in Cyprus ‘distorted by local factors’

The high prices of property in Cyprus – especially houses compared to apartments – are caused by a range of distortions in the local market, according to views canvassed by the Cyprus Mail.

Resolving Cyprus property disputes

Finally, you are on your way to having your dream home in Cyprus, you’ve signed a contract, made your payments and it seems nothing can go wrong… think again!

Insurance of Cyprus apartments & building complexes

In a follow up article to ‘Managing Cyprus Apartments and Building Complexes’ Miltiades Miltiadou, the General Manager of Chartis Cyprus, writes about the insurance of jointly-owned buildings.

Foreigners show little interest in property market

Foreign interest in the Cyprus property market is showing no sign of a recovery at the start of the year with sales in January down by more than 28 percent on last year.

More delays in O’Dwyer case

It has now more than a year since Court proceedings got underway into the alleged assault of Conor O’Dwyer by a property developer, his son and another man.

Corruption in Cyprus is a national problem says EU report

“In Greece, Bulgaria and Cyprus there is almost universal agreement that corruption is a national problem” says damning EU Commission report.

Back to top