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Archive for 2010

Ban the sale of mortgaged property

An overwhelming percentage of our readers who voted in a recent on-line poll want the Cyprus government to ban the sale of mortgaged property.

Half a million visit Cyprus property news

Earlier this week, the Cyprus property news magazine chalked up its 500,000th visitor. I was so busy with other matters, I did not notice.

Reactions to the Orams ruling

In the past few days the Cyprus press has reported comments and reactions to the Court of Appeal’s ruling on the Orams case, which has far-reaching implications for those living in the divided island.

Pissouri ‘The Edge of Heaven’

Popularised by Gordon Honeycombe in his book ‘The Edge of Heaven’, the Cyprus village of Pissouri has become a hot spot for those seeking a place in the sun. A long time resident advises prospective property buyers about the importance of seeking independent advice.

RICS Cyprus property price index

Designed by Dr Pat McAllister from the Reading University Department of Real Estate & Planning, the RICS (Cyprus) property price index will be launched on Friday 29 January in Nicosia.

Orams must demolish house in occupied north Cyprus

David and Linda Orams will have to demolish their house in occupied northern Cyprus after the Court of Appeal ruled orders from a Nicosia court must be enforced.

Cyprus estate agent declared bankrupt

The case against Andrew Nolan, formerly of Cyprus estate agents Peter Stephenson Properties, was heard by a judge at a court in Birmingham last Thursday where he was officially declared bankrupt.

Cyprus lawyers refuse cases if suing other lawyers

The problem with lawyers in Cyprus refusing to sue their colleagues in the legal profession is a particular issue for property buyers who have fallen into the trap of using a lawyer recommended or introduced to them by a property developer.

Cyprus hotel and tourist associations oppose taxes

The Association of Cyprus Tourist Enterprises, STEK, and the Cyprus Hotel Association, PASYXE, are the latest groups to announce their opposition to the governments’ proposals on property tax.

Govt figures confirm Cyprus meltdown

The scale of the recession’s damage to the overseas property market in Cyprus has been revealed by official figures that show an 84% drop in sales to non-Cypriots since peak.

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