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All reports tagged with: "property developers"
Cyprus property sales: November 2009 report
Falling property sales in Cyprus continue to add to the islands economic woes. The latest figures to come out of the Cyprus Land and Surveys Department reveal that property sales have halved this year compared to last.
Cyprus construction sector shows signs of recovery
According to the latest figures from the Cyprus Statistical Service (CYSTAT) building permits for the construction of 2,125 residential properties were authorised in June 2009; up 28% on the 1,659 authorised in June last year.
HM Government replies to Title Deed questions
The UK Government has said that it will not close down the UK offices of Cypriot companies selling property unless it receives evidence of illegal behaviour.
Property developer collapses
The reason the company has collapsed is not the crisis, but the fact that Cyprus’ legal and regulatory framework allows a builder with five years’ experience to set up as a developer and apply his own standards of commercial behaviour.
Reactions on call for Cyprus ban
Whether or not you agree with Lord Jones’ calls for the UK Government to take positive steps to protect British citizens buying property in Cyprus and put pressure on the Cyprus government to clear up the mess, he certainly seems to have ruffled a few feathers!
Cyprus question raised in Lords
Seeking to end speculation surrounding the Cyprus Government’s promise to resolve the Title Deed problems encountered by thousands of British citizens who have bought property on the island, Lord Jones of Cheltenham has tabled a further written question in the UK House of Lords seeking a progress report on the matter.
Cyprus property exchange schemes target UK homeowners
There’s a very real possibility that you could end up buying a property being blissfully unaware that it’s mortgaged; you’ll only discover this later, when you come to sell the property or when the bank comes knocking on the door to repossess it because the developer has not repaid the loan.
Developers say building package will create ghettos
Property developers say that the Cyprus government’s new package to boost the construction sector by building 500 additional low cost properties will create ghettos.
Cyprus property companies on brink of bankruptcy
A 20 to 30 per cent cut in the old prices, which were too high, could stimulate some interest from people and get the stagnant property market moving; at lower prices, the banks could also become more willing to offer housing loans to buyers.
Low cost property developments in Cyprus
The Cyprus Land Development Corporation is planning to build 500 additional low cost properties in Cyprus and to buy land from property developers.
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