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Monthly Archives: January, 2013

News

Property scam leaves families with no home

Editorial -
A number of families who bought land in Fasoula and paid for properties to be built have been left with no homes as the contractor and property development companies have closed.
News

Indefinite strike by construction workers

Editorial -
Construction workers voted to strike indefinitely on Thursday while trouble broke out in Paphos where unemployed builders were prevented from entering a hotel renovation site by a private security force.
Investment

Fitch cuts Cyprus sovereign credit rating to ‘B’

Alan Lawton -
Ratings agency Fitch has downgraded the Republic of Cyprus' sovereign credit rating two notches on its belief that it may cost the government more to bailout the island's banking sector than previously anticipated.
News

Cyprus Property Action Group report

Nigel Howarth -
In its latest update, the Cyprus Property Action Group (CPAG) says that as a result of the persistent lobbying of the European Union and MEPs that changes will come about to resolve the problems in the island's property industry.
News

Construction workers strike

Poly Pantelides -
Workers in the island's ailing construction industry are taking part in a 48 hour strike in efforts to protect their jobs from cheap labour, while cement makers warn that a strike may deal a death blow to the industry.
News

MEP calls for Cyprus land law reform

Nigel Howarth -
During his review of the Cyprus presidency of the European Union, Sir Graham Watson MEP called for a reform of the island's land laws and the establishment of a banking ombudsman.

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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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