Latest Headlines

All reports tagged with: "fraud"

CPAG update on transfer taxes and IPT

Earlier today CPAG, the Cyprus Property Action Group, issued an update regarding transfer taxes (Property Transfer Fees) and IPT (Immovable Property Tax)

Desperate developers fall prey to funding fraud

Developers in Cyprus may have fallen for an alleged £12 million fraudulent loan scheme in the UK according to a report from the Overseas Property Professional (OPP), highlighting their vulnerability at a time when commercial funding is much harder to source.

Cyprus real estate agents – how to avoid the cowboys

A law passed in 2004 and subsequently amended in 2007 was designed to rid Cyprus of the numerous cowboy real estate agents. But unfortunately, in all of the property hot-spots, you will still find many individuals and companies trading in property illegally.

British police probe Cyprus villas scam

British police are investigating an Internet scam in which Britons paid morairaway.com and sister websites for non-existent Cyprus holiday villas after adverts appeared on villa rental sites Holiday-Rentals and Holidaylettings.co.uk

Title Deed legislation too late for Paphos home ‘owners’

The Cyprus Interior Minister’s insistence that property investment in Cyprus is safe is of little comfort to a number of property buyers in Paphos whose developer has gone into liquidation and who face losing their homes.

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.

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.

Page 4 of 41234

Back to top