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All reports tagged with: "collapse"

Homes at Armou in Paphos continue to slip

The recently built estate of six houses in Armou in Paphos are continuing to slip down the hillside and two of the access roads leading to the development have now become impassable.

Paphos homes in danger of collapse after heavy rain

Although their houses are only a few years old, residents living on an estate at Armou in Paphos have been warned to leave their homes as they are in real danger of collapse if heavy rain continues.

Slump in property sales to overseas buyers deepens

Just six properties were purchased in Nicosia by overseas property buyers in November, while the total number of overseas sales during the month was down by 43 percent on the number sold in November 2010.

‘The end is nigh’ property firm spreads bank fears

Like thousands of others, I received an email from BuySell’s sales director advising me that that keeping cash in the bank is too risky and offering to find me a property bargain.

Title Deed legislation will destroy property market

Rather than resolving the Cyprus Title Deeds-cum-fraud mess, the proposed legislation will destroy what vestiges of confidence remain in the Island’s overseas property market and will possibly result in its collapse.

Pay your developer’s debts or else!

People who bought property from the company operating the Froiber brand in Cyprus (A&G Property Wise Development Ltd) that went into liquidation last year are being chased by the banks and the tax authorities to repay the developer’s debts – or else!

Storm clouds darkening over Cyprus

An economist report has highlighted a number of significant problems in the Cyprus property market and warns that prices have still to fall from their already depressed levels before they bottom out.

Can Cyprus benefit from the Irish experience?

The Irish government took effective action to protect homeowners when Ireland’s property bubble burst in 2008. Can Cyprus benefit from Ireland’s experience and protect those who have bought property on the Island or are the vested interests too powerful?

Is property in Cyprus overpriced?

In the wake of Cyprus’ remarkable real estate boom many people believe that property on the Island is overpriced. Here is a simple test to see if they are correct.

E-Clear collapse linked to Cyprus development company

Investigators have learnt of a possible link between that collapse of the credit card company E-Clear and a property development company in Cyprus.

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