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Alpha Panareti slapped by CCPS over unfair contract

The CCPS has ruled that a contract to purchase an apartment between Alpha Panareti and a Scottish woman breaches the provisions of law 93(I)/1996 on unfair terms in consumer contracts.

Property sales up for second consecutive month

Property sales in Cyprus improved for the second consecutive month in April with the total number of contracts of sale deposited at Land Registry offices up 9 percent compared to April 2013.

Transfer fee penalty for delays

The government is considering a change in the law that will impose a penalty of a 10 per cent increase in the Property Transfer Fees payable for buyers who delay depositing their contract of sale.

The declining Cyprus property market

Further details on the declining Cyprus property market were revealed today in new statistics published by the Department of Lands and Surveys showing that the number of overseas buyers continues to fall.

Great Cyprus property crash continues in 2013

Property sales in Cyprus are on course to set an all-time record low in 2013 with sales in January down by more than 50 per cent on the corresponding month last year, posting the lowest monthly figure on record.

Decline in property sales slows

Although the number of properties being sold in Cyprus continues to fall, sales in Paphos and Larnaca increased in November and the overall rate of decline is the lowest in recent months.

Cyprus property sales continue downward spiral

Property sales in Cyprus continued to decline in October with overall sales falling more than 20 per cent compared with October 2011, but there are some signs that the downward trend may be starting to slow.

No let-up in catastrophic sales downturn

September sales figures from the Cyprus Department of Lands and Surveys show that the number of properties sold across the island continues to fall with overall sales declining by more than a quarter.

Property sales down 40 per cent

There is still no end in sight to the catastrophic downturn in the Cyprus housing market with real estate sales during August plummeting 40 per cent to reach a new all-time monthly low.

Real estate sales falter in June

The number of properties sold in Cyprus during June weakened, with the total number of contracts of sale deposited at Land Registry offices down 8 percent compared with June 2011.

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