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All reports tagged with: "apartments"
Managing Cyprus apartments and building complexes
Many people buying apartments in Cyprus and units in building complexes are unaware of how they are managed and their obligations. Louise Zambartas explains.
Misleading holiday home advertisements banned
A Cyprus property owner has been rapped by advertising watchdogs for posting misleading and untruthful descriptions of an apartment and luxury villa on holiday websites by the Advertising Standards Authority in the UK.
Building permits for Cyprus residential property falls
Figures released today by the Cyprus Statistical Service (CYSTAT) show that building permits for the construction of 1,161 residential properties were authorised in July 2009; down by nearly 40% on the 1,925 authorised in July last year.
Illegal tourist rentals in Cyprus
Official figures reveal that one third of all tourists arriving in Cyprus stay in unlicensed holiday accommodation. The situation is exacerbated by developers who promote their villas and apartments as being suitable for ‘buy to let’ holiday homes.
Cyprus market at risk from unsold houses
The ever increasing number of unsold apartments and houses in Cyprus is placing a heavy financial burden on the developers. As well as having to service their mortgages, developers have to pay for the maintenance and upkeep of their unsold properties.
Building permits for residential properties down
According to the latest figures from the Cyprus Statistical Service (CYSTAT) building permits for the construction of 1,252 residential properties were authorised in April 2009; down by almost a quarter on the 1,658 authorised in April last year.
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.
Gullibles travels in Cyprus: The overseas property exhibition
The misadventures of an inexperienced property investor and his wife in their quest to buy a jet-to-let holiday apartment in Cyprus.
High rise apartments in Cyprus?
PAPHOS, the popular tourist town on the west coast of Cyprus, could soon see dramatic changes in its skyline if proposals for high rise buildings in the town are given the go ahead by government.
The mayor of the Paphos, Savvas Vergas, is reported to be examining ways of saving space as the town grows – [...]
Buy-to-let apartment rental yields
BUY-TO-LET investors in Cyprus are feeling the sharp end of the property market slowdown. The global credit crunch, exchange rate issues and falling rental yields have left many in a difficult financial position.
Yet many developers and overseas property marketing companies continue to promote the island as an ideal investment opportunity claiming that Cyprus has “bucked [...]
Using our apartment as collateral for a loan etc
WE PURCHASED an apartment on the ground floor of a three-story block of six and were told that Title Deeds would be forthcoming in no longer than six-years which at the time we thought was fair because we had heard ‘the’ horror stories.
However, what we did not know, because we had never had a [...]
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