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All reports tagged with: "Cyprus"

Cyprus slips into recession

According to the latest “flash” estimates from the Statistical Service, Cyprus slipped into a recession during the second quarter of 2009.

Residential property construction slows

According to the latest figures from the Cyprus Statistical Service (CYSTAT) building permits for the construction of 1,191 residential properties were authorised in May 2009; down by more than 30% on the 1,715 authorised in May last year.

The end of Cyprus’ remarkable real estate boom

The amazing Cyprus real estate boom is over. The weak pound and the UK economic problems have prompted potential British buyers, who account for 70% of overseas property sales, to look elsewhere according to a report by the influential Global Property Guide.

Desalination plant at Episkopi

Plans for a further desalination plant in Cyprus got underway last Friday when an agreement was signed for the construction of a unit at Episkopi that will deliver 40,000 cubic metres of water a day to Limassol.

Number 10 replies to Cyprus petitioners

More than 2,000 people added their names to a UK Government’s Number 10 e-petition urging the Prime Minister to exert pressure on the Government of Cyprus to protect property rights.

Minister boldly goes where no-one has gone before

Given the poor state of Cyprus’ public finances, the current government is putting much effort into resolving the Title Deed scandal. Whether it will succeed in resolving a problem that’s been around for 30 years or more remains to be seen.

Less than one in five has Title Deeds

According to a recent on-line poll conducted by the Cyprus Property News, less that one in five of those who have bought property on the island have their Title Deeds.

Has McCarthyism come to Cyprus?

The Cyprus Interior Minister’s conviction that those campaigning for their property rights have ulterior motives is ridiculous. It is inconceivable that a senior government minister could believe such bizarre conspiracy theories about a chronic problem for which the island’s authorities are entirely to blame.

Cyprus law reforms are not a cure-all

The legal reforms proposed by the Cyprus Interior Minister Neoclis Sylikiotis are not a cure-all solution to the many Title Deed problems. Those who have been deceived into buying mortgaged property will continue to remain at risk unless the Government acts to protect their interests.

Proposals to untie the Gordian knot

Proposed changes to Cyprus’ antiquated property laws may help existing buyers obtain Title Deeds to properties that have been built illegally But they contain nothing to help those who have been duped into buying mortgaged property and those whose Title Deeds are being held to ransom by unscrupulous property developers.

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