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Monthly Archives: July, 2012

News

State is way behind on building payments

Editorial -
Contractors have accused the Cyprus government of deliberately delaying inspections of works to delay payments; some of them have been owed money since 2008 and the amounts are very high.
Articles

British High Commission advises extreme caution

Editorial -
The British High Commission advises that the process of buying property in Cyprus has many potential pitfalls and strongly recommends that purchasers seek their own independent legal advice.
Articles

Cyprus has a growing housing stock overhang

Fiona Mullen -
If you are wondering why the Island's real estate market has been doing so badly lately, the recently released data on dwellings from the October 2011 census provide a good clue.
Legal Matters

Cyprus Bar Association fails to deliver justice

Editorial -
Although the Bar Association's Disciplinary Board ordered a Paphos-based lawyer to repay her client €7,500, it appears that the Board is either unable or unwilling to enforce the order.
Investment

Judgement day for banks approaching?

Alan Lawton -
Banks do not count loans that are fully secure as being nonperforming even though they have not been serviced in 90 days. If the Troika treats such loans as nonperforming, several more billions will be needed to recapitalise them.
Letters

It is like getting blood from a stone

Editorial -
Seven months after selling their house in Cyprus, a British couple finally received the proceeds of the sale from their Paralimni-based lawyer after they engaged another lawyer to collect their money from him.

Top Stories

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

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