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All reports tagged with: "credit crunch"

You can’t produce a baby in one month

Warren Buffet’s quote “You can’t produce a baby in one month by getting nine women pregnant” is an excellent metaphor of what Cyprus needs most; patience. Pavlos Loizou explains.

Property sector will act as a further drag

The island’s property sector may be more of a problem for the economy than initially thought as, during the boom years, banks lent considerable amounts of money to property development and housing.

Britons face big losses as prices tumble

British overseas home owners are facing disastrous financial losses as tumbling prices in overseas real estate markets have wiped an estimated £24 billion off their investments, according to new research.

Cyprus petition deadline approaches

The deadline is approaching to add your name to the on-line petition calling on Gordon Brown to put pressure on the Cyprus Government to protect the rights of property buyers

Hatton dream turns into nightmare

Derek Hatton’s company that sold property in Cyprus is no longer in business, although his rental and management company is continuing as usual. According to a report in the Mail Online his company has been credit-crunched.

Cyprus popularity declines with British holiday home buyers

Cyprus’ popularity amongst overseas property investors from Britain is in decline according to reports from the overseas property portal PropertyIndex.com

Credit crunch drives ex-pats home

PENSIONERS who moved to a dream life in Cyprus say they are being left financially crippled by the pound’s slide against the Euro and many are considering moving back home. And, if anyone knows how the credit crunch, weak pound and how increased prices have affected ex-pats in Cyprus, it’s Bob Winter, who for almost […]

Britain keeping watch on Cyprus title deeds fiasco

BRITAIN will take a close interest in measures taken by the Cyprus government to sort out the problems of property buyers left without their title deeds, a written answer to the House of Lords has said. Two questions were placed before the Lords last November detailing the concerns of some property buyers worried about the […]

Dodgy Cyprus property deals made Hatton millions

DEREK Hatton has been called every name under the sun. Spiv, wideboy, scally and chancer were just a few hurled at the firebrand Trotskyist when he tweaked the tail of Margaret Thatcher’s government, becoming almost as famous as the Prime Minister herself. A quarter of a century ago, the Armani-suited Left-winger with the Beatles accent […]

Cyprus and MacAnthony Realty International (MRI)

Ending speculation on various trade and investor blogs, the new CEO of MRI Overseas Property, Dominic Pickering, has outlined the company’s plans to focus on construction in 2009.

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