All reports tagged with: "warning"
Dark clouds loom over Cyprus property market
An economist report has highlighted a number of significant problems in the Cyprus property market and warns that prices have still to fall from their already depressed levels before they bottom out.
Pissouri ‘The Edge of Heaven’
Popularised by Gordon Honeycombe in his book ‘The Edge of Heaven’, the Cyprus village of Pissouri has become a hot spot for those seeking a place in the sun. A long time resident advises prospective property buyers about the importance of seeking independent advice.
EU acts against Cyprus over estate agent curbs
Brussels considers that Cyprus’ estate agents law that imposes conditions on the professional requirements of estate agents from other EU member states is incompatible with European rules.
British police probe Cyprus villas scam
British police are investigating an Internet scam in which Britons paid morairaway.com and sister websites for non-existent Cyprus holiday villas after adverts appeared on villa rental sites Holiday-Rentals and Holidaylettings.co.uk
HM Government replies to Lord Jones
“Those contemplating buying property in Cyprus must proceed with caution and seek qualified legal advice from a source that is independent from anyone else involved in the transaction.”
Ban Cyprus property companies and close their UK offices
Lord Jones of Cheltenham has called on the British government to close the UK offices of Cypriot companies selling property and to ban the promotion of Cyprus property at overseas property exhibitions.
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.
FCO raises warning level
Buying a Greek Cypriot owned property in the Turkish occupied areas without the owner’s consent is a criminal offence, carrying a maximum prison sentence of 7 years and any attempt to undertake such a transaction could result in a prison sentence of up to 5 years.
Cyprus Title Deeds: Miliband waits for action
British Foreign Secretary David Miliband and Chancellor Alistair Darling have been in communication regarding the ongoing Cyprus Title Deed saga
Is buying property in Cyprus as safe as houses?
WHEN you buy a property in Cyprus, your right to ownership is guaranteed under the law. Depositing your contract of sale at the Land Registry allegedly prevents the vendor from selling it to someone else; or does it?
According to the Cyprus Interior Ministry:
“The deposit of a contract of sale at the Department of Lands & [...]
