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Archive for 2011

Title Deed legislation will destroy property market

Rather than resolving the Cyprus Title Deeds-cum-fraud mess, the proposed legislation will destroy what vestiges of confidence remain in the Island’s overseas property market and will possibly result in its collapse.

Building permits drop in December

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.

Revised Cyprus Title Deeds laws by May?

Amendments to various laws designed to resolve the Cyprus Title Deeds-cum-fraud mess could be complete and voted through before parliamentary elections in May.

State drops criminal case against Conor O’Dwyer

The Attorney General of Cyprus, Petros Clerides, has decided to stay criminal proceedings against Conor O’Dwyer for publishing details of his property dispute with developer Christoforos Karayiannas & Son Ltd on the Internet.

Minister and opposition in row over Title Deed bills

A row between the Cyprus Interior Minister Neoclis Sylikiotis and opposition party DISY has broken out over delays in the long-awaited Title Deed bill amendments.

Cyprus developer Alpha Panareti named in MEP question

Alpha Panareti, a Cyprus property development company, was named in a question raised in the European Parliament by Derek Roland Clark MEP for East Midlands region who is seeking advice for one of his constituents.

Double selling fraud: the O’Dwyer judgement

Cyprus cannot afford to delay any recovery of its property sector and the many scandals require urgent, radical treatment – not a sticking plaster, an aspirin and a hope that the patient will simply recover naturally.

Thousands of Title Deeds waiting to be transferred

Although the Cyprus Land Registry issued 15,000 Title Deeds between June 2009 and November 2010, only 4,200 have been transferred. What is causing this problem and what can be done to resolve it?

Time for a property commissioner

It is time for a property commissioner to be established in Cyprus with executive powers to push the relevant government departments to enact much-delayed property laws.

Property sales in Cyprus slump to a 2 year low

Property sales in January hit a year low heightening concerns that the real estate sector will continue to suffer problems in 2011.

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