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Archive for 2011

Who is the real culprit?

In a letter to the Cyprus Mail on Sunday John Knowles, a resident of Peyeia, talks of the negligence of lawyers and their failure to represent foreigners buying property in a professional manner.

Couple assured of stay of execution

A couple who bought an apartment in Larnaca and faced eviction and repossession by the bank because its developer had defaulted on his mortgage repayments have been assured of a stay of execution.

Minister stresses need for Title Deed solution

Speaking recently in Paphos, Cyprus Interior Minister Neoclis Sylikiotis stressed the need to resolve the withheld Title Deed issue and restore the Islands’ damaged reputation as a sound place for property investment.

Simplifying co-ownership on property

A new law is being examined that is designed to ease the problems associated with developing land that is owned by several individuals.

Bank starts action against developers and buyers

Alpha Bank Cyprus Ltd has started court action against three property developers and seven of their customers in connection with their Swiss Franc mortgages.

Appeal filed against Conor O’Dwyer ruling

An appeal has been filed against the court ruling last month that cleared property developer Christoforos Karayiannas & Son Ltd and Michelle McDonald

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.

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