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Our top 10 stories from Cyprus in 2013

Since the start of the year Cyprus Property News has attracted more than 920,000 visitors and here is our list of the Top 10 stories that have attracted the most readers over the past 12 months.

Action against Cyprus

The European Commission has opened infringement proceedings against Cyprus regarding the application of EU Directives on unfair commercial practices and unfair contract terms.

Severe property slump grips the island

The second quarter of 2013 saw property prices across Cyprus experience one of their sharpest falls in recent years as a consequence of decisions taken by the Eurogroup on 15th and 27th March.

Property sales keep falling (updated)

Property sales in June fell 51 per cent compared with June 2012 according to figures recently published by the Department of Lands and Surveys, with numbers falling in all districts across the island.

Property highlights all that is wrong

For years, our administration and banks have cleverly created a captive audience, holding householders to ransom by refusing to issue title deeds. Oh yes, there is method in this title deed madness!

Limassol property market’s dependence on Russians

The number of real estate transactions for December 2012 was recently announced. Once again the number of transactions was reduced compared with the same month last year (-24%) and 2012 ‘ended’ with an 11% reduction in transaction volume compared with 2011.

Alleged corruption in Cyprus property industry

The problems associated with buying property in Cyprus have again been brought to the attention of the European Union following a question raised in the EU Parliament by Scottish MEP Ian Hudghton.

Nicosia and Limassol home price falls accelerating

Property prices in Paphos and Famagusta have been falling for years, while prices started to fall in Nicosia and Limassol six months ago and the rate at which they are dropping is accelerating.

Two million visitors and counting

Cyprus Property News welcomed its two millionth visitor earlier today and to celebrate we bring you a classic comedy film from 1964 showing a brick-by-brick account of the building of a young couple’s dream home.

Gotcha, Gotchiani!

Good news! One of our occasional contributors, Dr Alan Waring, is finally getting the Title Deeds to the property that he and his wife purchased in Oroklini – a mere eight years after they took delivery.

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