Cyprus Property News Magazine

Police raid BuySell Larnaca offices

Nigel Howarth — Wed, 03 Sep 2008 11:13:57 +0000

POLICE have raided the BuySell offices in Larnaca. The company, which is the largest advertiser of property in Cyprus, is scheduled to appear in court on Wednesday. In the meantime, it has been ordered to suspend operations pending the court’s […]

Can I stop being deafened by building work

Nigel Howarth — Sat, 30 Aug 2008 19:05:12 +0000

EARLIER this year my wife and I took delivery of a property in a large development near Paphos. Since we moved in we are constantly being deafened by the noise of building work going on all around us.

The builders start […]

Real estate agents concerned over Cyprus property prices

Nigel Howarth — Thu, 28 Aug 2008 18:09:30 +0000

According to the Pancyprian Association of Real Estate Agents the slump in Cyprus property prices has now spread from Paphos to other parts of the island.

Interest rate increases, inflation and other factors have pushed demand from the domestic and foreign […]

MRI Overseas Property withdraws from NAEA

Nigel Howarth — Wed, 27 Aug 2008 20:26:48 +0000

MRI Overseas Property, which has its Cyprus offices in Paphos & Larnaca, issued the following press release issued on 21 August:

Leading Real Estate Company Withdraws from UK Trade Body over Impartiality Concerns

A leading real estate company has withdrawn its […]

New swimming pool laws bring relief

Nigel Howarth — Wed, 20 Aug 2008 10:31:34 +0000

NEWS that the Cyprus government is looking into changing the laws concerning swimming pools will bring relief to many people who have bought property in Cyprus.

Under current legislation, communal swimming pools in private residential developments such as apartment blocks, terrace/town […]

Brit loitering with intent aims to shame Cyprus into action

Jean Christou — Fri, 15 Aug 2008 12:03:27 +0000

BRITISH home buyer Conor O’Dwyer marked his 39th birthday yesterday far away from his wife and children as he continued his indefinite protest outside the Cyprus High Commission in London.

O’Dwyer began his protest camping outside the Cypriot diplomatic mission this […]

Construction continues to weaken

Nigel Howarth — Tue, 12 Aug 2008 20:15:21 +0000

ACCORDING to figures just released by the Cyprus Statistical Service, CYSTAT, output in the property construction sector continues to weaken with the number of building permits issued during May 2008 standing at 732.

The total value of these permits reached €235.8 […]

Free Title Deeds

Nigel Howarth — Sat, 09 Aug 2008 09:49:36 +0000

THOSE buying property in Cyprus often encounter delays and problems when trying to obtain their all important Title Deeds. In one case I know of personally, an elderly widow has been waiting for the Title Deeds for the property that […]

Cyprus developers ’strangled by red tape’

Bejay Browne — Wed, 06 Aug 2008 09:23:52 +0000

PAPHOS property developers are pleading with the government to cut through the tangle of red tape that they say is suffocating their business, causing delays in the issue of building permits and title deeds, in some cases for years.

The president […]

Larnaca marina coming soon

Nigel Howarth — Mon, 21 Jul 2008 12:34:31 +0000

According to the Cyprus’ Press and Information office, the construction of the Larnaca marina and port will be undertaken by the Zenon Consortium.

The development project is expected to start by the end of 2009, with the marina being finished within […]