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All reports tagged with: "real estate agent"

Cyprus property sales: December 2009 report

The number of properties being sold in Cyprus improved marginally last month. However, demand is still very low compared to previous years and some believe the Island’s property market will never return to the heady days of 2007.

Cyprus real estate agents – how to avoid the cowboys

A law passed in 2004 and subsequently amended in 2007 was designed to rid Cyprus of the numerous cowboy real estate agents. But unfortunately, in all of the property hot-spots, you will still find many individuals and companies trading in property illegally.

BuySell Cyprus sues Brit for selling his own house

BuySell Cyprus Real Estate is suing a UK-based Briton for commission on the sale of his three bedroom house in Peyia even though he managed to sell it to a Greek Cypriot through his own efforts.

Police raid BuySell Larnaca offices

POLICE have raided the BuySell offices in Larnaca. The company, which is the largest advertiser of property in Cyprus, is scheduled to appear in court on Wednesday. In the meantime, it has been ordered to suspend operations pending the court’s decision. On Monday, the Larnaca District Court ordered the company to close its three local […]

Real estate agents concerned over Cyprus property prices

According to the Pancyprian Association of Real Estate Agents the slump in Cyprus property prices has now spread from Paphos to other parts of the island. Interest rate increases, inflation and other factors have pushed demand from the domestic and foreign markets down resulting in severe problems across the island. Chairman of the Pancyprian Association […]

MRI Overseas Property withdraws from NAEA

MRI Overseas Property, which has its Cyprus offices in Paphos & Larnaca, issued the following press release issued on 21 August: Leading Real Estate Company Withdraws from UK Trade Body over Impartiality Concerns A leading real estate company has withdrawn its membership of the UK’s National Association of Estate Agents (NAEA), due to concerns that […]

Parador Properties goes into voluntary administration

Parador Properties, which had a number of overseas operations, including Cyprus, has gone into voluntary administration. The company was once considered to be one of Europe’s top estate agents. It used to fly prospective purchasers to their desired destinations and offered advice about specific areas and communities. Simon Lambert and managing director Jack Hamilton founded […]

Top 8 questions to ask estate agents

There is a huge oversupply of new property in Cyprus at the present time. Compared to last year, the number of new villas, apartments and other dwellings being built for which building permits have been issued has fallen by nearly 17 percent. There’s also a glut of second-hand/resale property on the market. I’ve just had […]

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, […]

The sky’s the limit

THE RISE in real estate prices, coupled with an unprecedented development boom, have been established as an entrenched reality in Cyprus over recent years. Limassol is currently host to numerous exclusive residential projects, including a project marketed as “the most exclusive in the Mediterranean”, offering accommodation for sale up to a staggering €12.5 million. The […]

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