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All reports tagged with: "title deeds"

As safe as houses?

A PROMOTIONAL brochure from a major Cyprus property developer promises potential buyers ‘unique life-long experiences, the building of strong relationships with the human being, along with a combination of security, warmth, and affection towards the family’. This is the same company that has given an English couple one of the nastiest experiences of their lives: […]

Property scandal set to rock Cyprus market to the core

A scandal involving a leading property developer in Cyprus may have the potential to shake to the core the credibility of the holiday homes market on the island, following allegations supported by video evidence, contracts and audio evidence that a property developer in Paralimini sold a plot of land to Conor O’Dwyer in 2005 for […]

Cyprus Title Deed Nightmare Reported on Channel 4

“There are massive problems in Cyprus with Developers abusing property law to make huge profits for themselves…” – Andrew Winter

Cyprus property: Town planning goes online

CYPRIOTS will soon be able to monitor their application for town-planning permission over the internet. E-title deeds and other documents will be available over the web too at a later stage thanks to the Town-planning Department’s new website. The site, which will start operating on November 5, will offer the public relief from the tiring […]

Cyprus Property Rights – Real or Illusory?

Article 23 of the Cyprus Constitution is forthright about the property rights of individuals, including the provision for Government compensation in certain situations. However, as many property buyers soon discover, ideals enshrined in the Constitution have yet to be translated into effective consumer protection, rights and safeguards. This discovery comes as a nasty shock, particularly […]

Property buyers at the mercy of title deed traps

WE REFER to your article of September 22, “Law reform hopes to clear up title deeds trap“. This reported that the House Legal Affairs Committee had discussed the issue and it is very encouraging that the government is starting to address some of the pitfalls of buying property in Cyprus. A change in the law […]

The Cyprus Property File: Chickens Home to Roost

FOR THE CYPRUS PROPERTY sector, the current worldwide ‘credit crunch’ in banking adds to other hazards that may affect its attractiveness as an investment destination. Credit Crunch Hits Cyprus Property In May 2007, the local press reported that bank loans for building and construction were up 31% year on year to CY£2.36 billion. By July, […]

Cyprus property owners upbeat after Sarris meeting

A LOBBY group set up to help people facing problems with property developers and real estate agents all over Cyprus described last week’s meeting with Finance Minister Michalis Sarris as, “rewarding, positive and productive.” The Cyprus Property Action Group, which has over 2,000 registered members, on Friday informed Sarris of the hundreds of complaints made […]

The continuing Cyprus property debate

First, let me say that we are sorry to hear that you are also suffering at the hands of an unscrupulous property developer. Would you consider registering your problem on our website at www.cyprus-property-action-group.net? We know it’s of little comfort to you, but you’re not alone. More than 2,000 people, both Cypriots and foreigners, have […]

Authorities failed to protect buyers and Cyprus’ reputation

LITTLE appears to have been achieved at yesterday’s meeting between finance minister Michalis Sarris and a delegation from the Cyprus Property Action Group. The group which had been set up earlier this year, to deal with the problems faced by expatriates buying property in Cyprus, wanted to brief the minister about the many complaints it […]

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