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Property developer collapses
The reason the company has collapsed is not the crisis, but the fact that Cyprus’ legal and regulatory framework allows a builder with five years’ experience to set up as a developer and apply his own standards of commercial behaviour.
Cyprus minister denies ignoring deed issue
According to a statement issued to OPP the Cyprus government has not stated that the measures that are being studied will not concern those who have already bought houses or other buildings. But precisely how the new measures will help is unclear.
Proposals to accelerate Cyprus title deeds
The Finance Minister has received a number of proposals from the European party on ways that the process of issuing Title Deeds may be accelerated.
Non-Cypriot demand for property collapses
Demand for properties by non-Cypriots in the first five months of the year has fallen by nearly 80%. Some estate agents believe that a full recovery will not happen before 2012.
Reactions on call for Cyprus ban
Whether or not you agree with Lord Jones’ calls for the UK Government to take positive steps to protect British citizens buying property in Cyprus and put pressure on the Cyprus government to clear up the mess, he certainly seems to have ruffled a few feathers!
UK politician calls for Cyprus ban
Cypriot property companies have described calls by Lord Jones of Cheltenham for their UK offices to be closed and for their presence at exhibitions to banned as “extreme”.
Home buyers left in lurch
We’ve all been strung along… the British government… the property buyers… everyone… we were all conned.
Property sales continue decline
Property sales in Cyprus are continuing to decline according to figures released by the Department of Lands and Surveys.
Cyprus president may avoid property protestors
Hearing the news that President Christofias may be unable to attend, Cyprus Property Action Group co-ordinator Denis O’Hare said that there will be another opportunity to demonstrate.
Man held over Limassol land fraud
A 40-year-old man has been remanded in custody after allegedly obtaining around €2m from his Russian business partner by falsely offering to provide him with acres of land.
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