All reports tagged with: "land"

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.

Developers hope for 2010 recovery

Property developers are optimistic that the real estate sector will recover from the economic crisis in 2010, provided the necessary measures are taken by the government.

Pandora (Leptos) indicative results

Following a profit after taxation of €16,950,461 in 2007, Pandora (which is owned by the Leptos Group) made a loss of €1,589,013 in 2008.

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.

EU calls for halt to sales of Greek Cypriot property in the north

In Resolution 1628, the Parliamentary Assembly Council of Europe (PACE) has called on the authorities of the Turkish Cypriot community to “put an end to the sales of, and construction on, Greek Cypriot properties in the northern part of Cyprus“.
PACE also called on the Turkish Cypriot community to:

“confirm their commitment to reunifying Cyprus, and to [...]

Paphos marina coming soon

IN a hotly contested bidding contest between ‘Leptos‘ and ‘Aristo‘ (whose chairman is also the new chairman of the Bank of Cyprus), it appears that ‘Leptos’ has been awarded the contract to construct the new marina at Paphos.
Six marinas are planned at different parts of the island:

The Paphos Marina will be constructed at “Potima” area [...]

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 [...]

Encouraging better land use

The Cyprus Government seems determined to introduce measures to encourage better land use in urban areas.
Over the next few weeks the Finance Ministry is expected to finalise proposals for the development of around 10,000 unused building plots in the cities, which are designed to ‘encourage’ their owners to release them for housing development.
It’s understood that [...]

VAT delay on Cyprus land

Cyprus’ Minister of Finance, Charilaos Stavrakis, says the Government is confident that it will be able to secure a postponement of the introduction of VAT on building plots.
Under its commitments to the EU, Cyprus was to have levied a 15 percent VAT charge on the sale of building plots on January 1 2008. However, negotiations [...]