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Archive for 2011

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.

Our View: Title Deed bill is sheer lunacy

The legal changes proposed to protect property buyers from the abusive practices of developers are sheer lunacy and will do nothing to restore overseas investor confidence in the Cyprus property market.

Title Deed bill agreed by deputies

Details of one of the bills designed to resolve the Island’s Title Deed fiasco have been agreed by deputies. This will now be passed to the House of Representatives’ plenum for approval.

Residential property prices continue to fall

During the third quarter of 2010, the capital values of residential houses and apartments fell by 0.9 percent and 2.1 percent respectively according to the fourth issue of the RICS Cyprus Property Price Index.

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