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Monthly Archives: August, 2013

Family turns to eBay to sell Paphos property

Having had no success using real estate agents to sell their commercial property opposite the entrance to the Tomb of the Kings archaeological site in Paphos, an enterprising family has turned to eBay.

Transfer fee penalty for delays

The government is considering a change in the law that will impose a penalty of a 10 per cent increase in the Property Transfer Fees payable for buyers who delay depositing their contract of sale.

July sales boosted by overseas investors

Although the number of properties sold in Cyprus during July fell 13 per cent compared to July last year, they were boosted by an increase in sales to overseas investors in Nicosia, Limassol and Paphos.

Restrictive measures road map unveiled

The restrictive measures on the movement of capital that Cyprus introduced in March could remain in place for a year or two and will only be removed gradually to safeguard financial stability.

Britons cases scheduled for trial in Cypriot court

Provisional trial dates have been set for a Cypriot court to hear cases involving hundreds of UK buyers who were misadvised when buying properties in Cyprus and who are facing 'unpayable' loans.

Why should any foreigner buy property?

In an open letter to President Anastasiades, a foreign resident suggests two measures designed to help rejuvenate the island's beleaguered property market and restore its tarnished image.

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