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All reports tagged with: "Cyprus"

Cyprus in court over title deed delays

The landmark case could not have come at a worse time for Cyprus that has celebrated the legal victory against a British couple who have developed land in the Turkish-occupied north owned by a Greek Cypriot refugee and who are being forced to give up their assets in the U.K. as compensation.

Property developer collapses

The reason the company has collapsed is not the crisis, but the fact that Cyprus’ legal and regulatory framework allows a builder with five years’ experience to set up as a developer and apply his own standards of commercial behaviour.

Prices in Cyprus down & worse to come

Prices and demand for property have been falling across Cyprus since autumn 2008; Limassol is the only town where prices are still moving upwards.

Proposals to accelerate Cyprus title deeds

The Finance Minister has received a number of proposals from the European party on ways that the process of issuing Title Deeds may be accelerated.

Non-Cypriot demand for property collapses

Demand for properties by non-Cypriots in the first five months of the year has fallen by nearly 80%. Some estate agents believe that a full recovery will not happen before 2012.

Cyprus tax receipts continue to fall

Capital Gains Tax receipts in Cyprus, Stamp Duty and Immovable Property Tax continue to fall as a result of the on-going slump in the real estate market.

Cyprus courts in chaos

A letter from a lawyer published in the Cyprus Mail recently suggested that property buyers who had run into difficulties legal with their developer could seek redress through the courts.

A good time to buy

Over the last three months, prices of property in Cyprus have fallen by around three per cent, which although modest, is part of a trend that will probably be gradual. We should see more of a price reduction in the second quarter.

Reactions on call for Cyprus ban

Whether or not you agree with Lord Jones’ calls for the UK Government to take positive steps to protect British citizens buying property in Cyprus and put pressure on the Cyprus government to clear up the mess, he certainly seems to have ruffled a few feathers!

UK politician calls for Cyprus ban

Cypriot property companies have described calls by Lord Jones of Cheltenham for their UK offices to be closed and for their presence at exhibitions to banned as “extreme”.

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