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All reports tagged with: "house"
Orams must demolish house in occupied north Cyprus
David and Linda Orams will have to demolish their house in occupied northern Cyprus after the Court of Appeal ruled orders from a Nicosia court must be enforced.
BuySell Cyprus sues Brit for selling his own house
BuySell Cyprus Real Estate is suing a UK-based Briton for commission on the sale of his three bedroom house in Peyia even though he managed to sell it to a Greek Cypriot through his own efforts.
Cyprus market at risk from unsold houses
The ever increasing number of unsold apartments and houses in Cyprus is placing a heavy financial burden on the developers. As well as having to service their mortgages, developers have to pay for the maintenance and upkeep of their unsold properties.
Buying usurped property does not pay
AN adviser to the EU’s top court says a ruling against the British owners of a property in Turkish-controlled northern Cyprus should be recognised. The Court of Appeal of England and Wales had requested a legal opinion from the European Court of Justice.
Linda and David Orams are engaged in a long-running legal battle with Meletios [...]
Is our home in Cyprus mortgaged?
We receive many letters from people who are concerned that their developer may have mortgaged the land on which their property has been built. Typical of those letters is the one below – together with my advice on how to discover whether or not your property has been built on mortgaged land.
Top 10 tips on what to do on discovering problems with your new property
Having taken delivery of a new property, some buyers discover they have problems. This article has been by Louise Zambartas, a dual qualified English Solicitor and Cyprus Advocate, advising people what do do if they find themselves in this situation.
No title deeds – no sale
LAST week, Jean Christou reported how an elderly woman, who has been waiting for the Title Deeds to her property since 1982, was being held to ransom by her developer who is demanding more than €25,000 in what he claims is ‘Immovable Property Tax’, using the threat of withholding her Title Deeds to elicit payment.
Everyone [...]
Top 10 tips on buying land in Cyprus
Every property purchase has individual factors which make it unique and in the case of buying land in Cyprus there are some special considerations which need to be carefully examined during the purchase process.
Here are my top ten hints on buying land in Cyprus.
Tip 1 – Ensure the person selling to you owns all the [...]
Misleading property advertisements
MANY people have been duped into buying property in Cyprus through the use of misleading advertising.
Much of this makes outrageous and totally unsubstantiated claims regarding the performance of property investments. For example, marketing literature produced by one registered Estate Agent guarantees that investors:
“only have to invest 30% of the selling price, then the property is [...]
Elderly widow victim of property scam
AN 83-YEAR-OLD British widow who has been waiting 29 years for the title deeds to her home was shocked recently to receive an Immovable Property Tax (IPT) bill from her developer, Korfi Mountain Estates Limited, for €25,000 when it should have been around €430.
The IPT bill amounts to nearly 50 per cent of the original [...]
Estate agent arrested for property fraud
AN estate agent has been arrested on suspicion of defrauding two property buyers out of approximately €290,000.
The estate agent, a 39 year old foreign woman from Paphos, was arrested last Tuesday when she arrived at Larnaca airport aboard an incoming flight.
Two complaints have been filed against the woman, both by foreign nationals. The first involves [...]
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