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All reports tagged with: "problems"

Armou resident warns visitors enter at your own risk

As homes on a stricken development in Armou continue to slip and gaping holes appear, one resident has put a warning sign on his gate post warning visitors to enter at their own risk.

Property industry problems to be discussed on Monday

Problems plaguing the Island’s property industry will be discussed by the Cyprus Land and Building Developers Association’s Annual General Meeting, which is being held at the Nicosia Hilton hotel on Monday.

Armou family told it is not safe to stay in their home

As their home continues to slip down the hillside, a family living in one of the houses on an estate at Armou in Paphos have been told to leave within seven days as it has become unsafe to live there.

Homes at Armou in Paphos continue to slip

The recently built estate of six houses in Armou in Paphos are continuing to slip down the hillside and two of the access roads leading to the development have now become impassable.

Almost one in four properties are co-owned

Twenty four percent of properties in Cyprus, about 274,000, are co-owned of which the majority are located in Famagusta according to information received by MP Ionas Nicolaou of the DISY party.

Perdikis to raise property law deficiencies in House

Cyprus MP George Perdikis is to question the House of Representatives over deficiencies in a law introduced last year that are preventing residents of leasehold properties Harbour Shore Estates at Coral Bay from getting their Title Deeds.

Title Deeds hopes dashed by latest property legislation

Residents of the Harbour Shore Estates at Coral Bay, some of whom have been waiting for their Title Deeds for more than 30 years, have found that the new Specific Performance Law introduced last year may have ruined their chances.

Owners kept in the dark over the future of their homes

Ongoing problems with their Cyprus homes have resulted in one buyer receiving medical treatment for depression and stress and there are fears that a number of homes may be demolished.

Austerity measures will add to property industry woes

The austerity package aimed at bolstering the failing economy unveiled by the government last Wednesday will only add to the chronic problems facing the Island’s property industry.

Paradise Hills buyers face uncertain future

Residents of the unfinished Paradise Hills estate built by MDB properties in the Paphos village of Marathounda may lose their homes as the Bank of Cyprus has rejected a rescue plan.

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