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All reports tagged with: "problems"
MRI clients in Cyprus – no furniture, no refund
MRI clients, who bought apartments in Cyprus, say that furniture “packs” costing an average of €15,000 per apartment had still not been delivered months, in some cases years, after they were due.
Govt figures confirm Cyprus meltdown
The scale of the recession’s damage to the overseas property market in Cyprus has been revealed by official figures that show an 84% drop in sales to non-Cypriots since peak.
Taxing meeting for Cyprus ministers
The Interior and Finance Ministers of Cyprus are meeting today to discuss the technical issues involved in implementing the recently announced proposals for reassessing the Island’s property tax rates.
Property taxes to raise 80 – 100 million Euros next year
Charilaos Stavrakis, the Cyprus Finance Minister has presented a package of measures which include raising 80 to 100 million Euros from taxes on property next year as part of the Government’s overall plans to get the Cyprus economy back on track.
Bank actions cast doubt on Interior Minister assertion
The case of a divorced young woman reported in the Cyprus Weekly casts serious doubt on the Interior Minister’s assertion that it is not a simple matter for a bank to liquidate a property to recover a debt in Cyprus.
Illegal building in Cyprus must be stopped
In the Paphos district of Cyprus severe flooding has occurred in many homes built illegally on dry river and stream beds, ravines and rubble-filled gullies causing their owners major problems and heartache during the heavy winter rains.
Cyprus Bar Association rejects Title Deed proposals
There is concern that the amendments will not solve the problem, but add to it. It is therefore our recommendation with all respect, to oppose the three amending bills which will lead us into a labyrinth without solving the problem.
Cyprus property prices down
As the property crisis continues to worsen, prices of residential properties in the urban centres have dropped by more than 10%, while prices of summer residences have fallen between 30% – 40%.
Fears of more unemployment in construction industry
The Chairman of the Cyprus Contractors Federation, Sotos Lois, fears that unemployment in the construction industry could rise to 20,000 next year.
Cyprus divides industry on Title Deed proposals
The Cypriot government’s proposals for tackling the ongoing Title Deeds issue have split the property industry.
Cyprus Interior Minister’s Statement on Title Deeds
Effective and comprehensive measures are introduced to solve the problem of Title Deeds in Cyprus – Minister of the Interior Mr Neoclis Sylikiotis – 22nd July, 2009
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