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Chinese ban no impact on property sales

The restrictions introduced by the Chinese government to reduce outbound investment in real estate have yet to impact property sales according to the Cyprus Chambers of Commerce and Industry (Keve).

Cyprus slips in property chart

Cyprus has dropped out of the top 10 of the July edition of the TheMoveChannel.com’s Top of the Props chart, which records the most searched for overseas destinations to buy property.

Pissouri homeowners still in limbo

Property owners in the Limnes (lakes) area of Pissouri are still in limbo despite the previous Cyprus Interior Minister promise to pay for the mess, which at that time was estimated at up to €20 million.

Slump in Brits buying homes in Europe

Britons buying homes abroad have fallen by a quarter compared to a year ago since the EU referendum said Moneycorp’s chief executive Mark Horgan in an interview with Reuters news agency.

Bank of Cyprus €1.1 billion asset disposal

The Bank of Cyprus’ Real Estate Management Unit (REMU) is currently managing assets valued at €1.1 billion sold properties valued at €92 million during the first half of 2016 and is presently in negotiations to sell additional assets.

Land wrongly designated as Turkish Cypriot

A British citizen of Turkish Cypriot descent has been awarded thousands of Euros in damages by the Larnaca District Court as the state wrongly designated his land as Turkish Cypriot.

Chinese buyers scammed

Several dozen Chinese families buying property Cyprus have reported being scammed by unlicensed real estate agents who take advantage of foreign buyers according to Marinos Kynegirou.

Cyprus back at number 10

Cyprus jumped twelve places to number 10 in November’s Top of the Props chart published by TheMoveChannel.com, which records the most searched for overseas destinations to buy property.

Fraudsters target property sellers

People selling property in Cyprus are being targeted by fraudsters claiming to be from a company called ‘Prime Consortium’ who are trying to obtain their bank account details in return for a 10 per cent deposit.

Thirty companies owe €100m in VAT

The Greek language newspaper Politis has published the names of thirty companies who together owe the more than €100 million in VAT most of whom have challenged all or part of the debt.

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