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Archive for January, 2011

O’Dwyer decision another nail in the coffin

It appears that buyers rights to property in Cyprus are not protected by the law even though they may have deposited their contract of sale at the Land Registry for ‘Specific Performance’.

City law firm to protect Cyprus buyers rights

London law firm Healys LLP has announced it will be working with a leading law firm in Cyprus to advise on claims of mis-selling in the Cyprus property market.

Building permit numbers fell in November

Figures released today by the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties fell in November compared to the same month last year.

Cyprus property news welcomes one million visitors

Currently ranked number one by Internet search engines Google, Yahoo and Bing, the Cyprus Property News magazine recently welcomed its one millionth visitor.

2011 property market predictions

What does the coming year hold in store for the Cyprus property market? Pundits predict that things will be much the same as last year, but 2011 has not got off to an auspicious start.

Good news at last for Conor O’Dwyer

Earlier today Cyprus District Court Judge G. Philippou found property developers Christoforos and Marios Karayiannas guilty of an assault against Conor in 2006 and ordered them to pay damages plus interest and legal fees.

More than ninety percent say no

Would you buy a property in Cyprus without a Title Deed? More than ninety percent of our readers answered no.

Conor O’Dwyer’s lawyer speaks out

Conor O’Dwyer’s lawyer was interviewed on Cyprus radio channel CyBC 2 by Rosie Charalambous about the criminal case against property developer Karayiannas and Michelle McDonald, the woman now living in Conor’s home.

Cyprus warned of Fitch downgrade

On Monday, Fitch Ratings put Cyprus on ratings watch negative when the agency said it could lose its AA minus rating. Fitch is looking at the Island’s state pensions as well as its close relationship with Greece.

British home buyer loses case in court ruling

A judge has ruled that British home buyer Conor O’Dwyer’s private criminal prosecution against Karayiannas and Michelle McDonald has not been proven and has ordered Mr O’Dwyer to pay their costs.

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