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All reports tagged with: "Cyprus"

Man held over Limassol land fraud

A 40-year-old man has been remanded in custody after allegedly obtaining around €2m from his Russian business partner by falsely offering to provide him with acres of land.

Property prices to fall say 80%

More than 50% of those who voted in a recent poll conducted by the Cyprus Property Magazine believe that real estate prices will fall by more than 10% during 2009.

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 tax receipts from property tumble

Reflecting Cyprus’ stagnant property market, Capital Gains Tax receipts on the island tumbled in the first four months of the year; Stamp Duty and Immovable Property Tax receipts also fell.

Cyprus could suffer as EU monitors deeds fiasco

Despite an assurance by the government that an end to the title deeds shambles is in sight, many desperate home buyers are putting their faith in the EU in an effort to safeguard their properties.

HELP – I can’t pay the mortgage!

The worst thing you can do is bury your head in the sand and hope that the problem will somehow go away; it will not. The first thing you must do is discuss the problem with the bank that loaned the money

Housing loans highest in euro area

According to the European Central Bank, Cypriot banks charge the highest interest rates for housing loans in the euro area. The gap between the average housing loan in Cyprus and that of other countries in the euro area is 239 base points.

Building permit numbers up

From the CYSTAT figures it is impossible to say whether the number of homes being built in Cyprus is increasing or not. It is common knowledge that developers build properties illegally

UK updates travel advice

The UK Foreign & Commonwealth Office is advising Britons visiting Cyprus that “there are risks involved with purchasing property on the island of Cyprus” and that those contemplating buying property

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