Earlier property news reports from Cyprus, articles, features, letters, etc.
Encouraging better land use
The Cyprus Government seems determined to introduce measures to encourage better land use in urban areas.
Over the next few weeks the Finance Ministry is expected to finalise proposals for the development of around 10,000 unused building plots in the cities, […]
June 6th, 2008 | Popularity: 30% | Continued
Construction activity in recession
ACCORDING to the latest figures provided by Cyprus Statistical Service, CYSTAT, construction activity is going through a recession.
The number of building permits issued during the first quarter of 2008 stood at 2,125 compared to 2,537 during the same period last […]
June 4th, 2008 | Popularity: 21% | Continued
Misleading property advertisements
MANY people have been duped into buying property in Cyprus through the use of misleading advertising.
Much of this makes outrageous and totally unsubstantiated claims regarding the performance of property investments. For example, marketing literature produced by one registered Estate Agent […]
June 3rd, 2008 | Popularity: 18% | Continued
VAT delay on Cyprus land
Cyprus’ Minister of Finance, Charilaos Stavrakis, says the Government is confident that it will be able to secure a postponement of the introduction of VAT on building plots.
Under its commitments to the EU, Cyprus was to have levied a 15 […]
June 2nd, 2008 | Popularity: 14% | Continued
Elderly widow victim of property scam
AN 83-YEAR-OLD British widow who has been waiting 29 years for the title deeds to her home was shocked recently to receive an Immovable Property Tax (IPT) bill from her developer, Korfi Mountain Estates Limited, for €25,000 when it should […]
June 1st, 2008 | Popularity: 14% | Continued
Estate agent arrested for property fraud
AN estate agent has been arrested on suspicion of defrauding two property buyers out of approximately €290,000.
The estate agent, a 39 year old foreign woman from Paphos, was arrested last Tuesday when she arrived at Larnaca airport aboard an incoming […]
May 31st, 2008 | Popularity: 10% | Continued
Property loan growth accelerates
LOAN growth in the domestic market accelerated in April, driven by property loans and loans to non financial organizations.
According to Central Bank data released today, the total value of loans stood at €44.52 billion, up from €32.89 billion in April […]
May 30th, 2008 | Popularity: 4% | Continued