Earlier property news reports from Cyprus, articles, features, letters, etc.
Prices fall marginally in second quarter 2008
Property prices in Cyprus, hold on to their levels during the second quarter of the year, despite worsening global and local economic conditions. From April to June 2008, the BuySell Home Price Index recorded a marginal decrease of 0.4% compared […]
July 17th, 2008 | Popularity: 86% | Continued
Sleeping rough for justice
TWICE physically assaulted and hospitalised for 6 days at the hands of Cypriot property developers Christoforos Karayiannas & Son Ltd a British property buyer, Cornelius (Conor) O’Dwyer, is stepping up the pressure on the Cypriot authorities to act.
In an an […]
July 13th, 2008 | Popularity: 89% | Continued
Bank tightens credit risk rules
Later this month, it is anticipated that the Central Bank of Cyprus will issue ‘guidelines’ requiring the commercial banks to better manage credit risk. (In an earlier article, “The Property Bubble“, Dr Alan Waring reported that the executives of one […]
July 10th, 2008 | Popularity: 95% | Continued
Parador Properties goes into voluntary administration
Parador Properties, which had a number of overseas operations, including Cyprus, has gone into voluntary administration.
The company was once considered to be one of Europe’s top estate agents. It used to fly prospective purchasers to their desired destinations and offered […]
July 9th, 2008 | Popularity: 97% | Continued
Top 8 questions to ask estate agents
There is a huge oversupply of new property in Cyprus at the present time. Compared to last year, the number of new villas, apartments and other dwellings being built for which building permits have been issued has fallen by nearly […]
July 8th, 2008 | Popularity: 89% | Continued
Property insulation scam
THE Cyprus Green Party General Secretary, George Perdikis, yesterday claimed properties were being sold under the pretext of being insulated, when they in fact weren’t.
He claimed that financial interests were hidden behind a recent alteration of regulations for house insulations.
“Following […]
July 3rd, 2008 | Popularity: 77% | Continued
Property construction continues slowdown
ACCORDING to figures just released by the Cyprus Statistical Service, CYSTAT, output in the property construction sector continues to slowdown. The number of building permits issued during the first four months of 2008 fell to 2,788 - a reduction of […]
July 2nd, 2008 | Popularity: 76% | Continued