Cyprus Property News magazine for overseas buyers & real estate investors

Sunday, May 31, 2020

Monthly Archives: October, 2006

The Cyprus Property Title Deeds Issue

IT IS a fact that it takes a long time to secure a title deed for new property and this creates serious problems regarding...

Cyprus Property Tax Refunds

Dear Sir, Question: I am told that I can get a refund on the property taxes that I have been charged by the developer. When I...

Energy Certificates For Your Home

IMPLEMENTATION of the European Directive on the energy performance of buildings laying down minimum performance on new and existing buildings will begin within the...

Cyprus Property Boom in Danger of Pricing Itself into Obscurity

IRRESPONSIBLE. When high-ranking government officials come out and say that the price of something is going up, the public generally believe them. Unfortunately, what also...

Cyprus Government “Worrying a Lot” about Title Deeds

The “House of Representatives are worrying a lot about the situation”. This was the message given by Rikkos Erotokritou, the MP for Limassol, during...

Property Inspection Trips: The Pros and Cons

There is value in seeing developments for yourself, but only if you are not pressured to put down a deposit straight away and you...

Paphos Property Developer Charged and Released

A PAPHOS property developer who was arrested last Friday and remanded in custody on suspicion of obtaining money from buyers with intent to defraud...

Cyprus Could Suffer from Nightmare Property Red Tape

IF THE problem with the title deeds is not resolved soon, Cyprus will suffer irreparable damages both on a local and an international scale,...

Warning Signs of Worse to Come

MY brother, Dr Christopher Solomon, a retired university professor (his quantum mechanics doctorate investigated Einstein’s Theory of Relativity), lives in a recently constructed bungalow...

Developer Held as British Families Complain of Fraud

PAPHOS police yesterday arrested and remanded in custody a developer on suspicion of obtaining money from four British families with intent to defraud. Costas Papaioannou,...

Cyprus Building Permits up 13.6% in Jan-July

Civil engineering booms, hotels out of favour. The number of building permits authorised rose by 28.3% year on year to reach 788 in June and...

Planning Changes Spark Controversy

EVEN before they are fully published, the Local Plans, extending the building zones in the major towns, are causing widespread controversy. What is causing the...

Unscrupulous Developers Need to be Taken to Task

DEPUTIES examining the long delays in the issuing of title deeds to homebuyers appeared to have finally understood the main cause of the problem...

Title Deeds Nightmare to End Up on Channel 4

BRITISH broadcaster Channel 4 is coming to Cyprus after being contacted by expats who have bought property on the island and not received their...

Cost of Construction up 3.9%

According to CYSTAT data released on Monday, the Building Material Price Index recorded an increase of 3.9% in September 2006. Specifically, the price of electromechanical...

Where are the Best Areas to Buy Rental Property in Cyprus

Question We're thinking about buying an Apartment, which we will need to rent out, what are the best areas to look at? Answer First, Do not go...

Choosing your Property Developer

Don't assume that bigger is better; the size of a company is no guarantee that its properties are of an acceptable quality. You may...

Construction Quality

The quality of construction of Cyprus property varies greatly. If you are looking to buy a property, here are a few things you should look out for

Construction Methods

The method used for building property in Cyprus is quite different to that used in many other European countries, including the UK. The island is...

Buying New Property in Cyprus?

I was once asked the question "Why are all villas and apartments for sale in Cyprus advertised as being 'luxury properties'?" I replied "Because...

Most Read

Property sales collapse hits all markets

The historic collapse of 80 per cent in property sales in April hit the local and overseas market segments according to statistics from the Department of Lands & Surveys.

Historic collapse of property sales

Property sales in Cyprus have collapsed as a result of the coronavirus pandemic to a level only seen once before when the events of March 2013 made Cyprus a household name around the world.

Building permits maintaining strong growth

The number of building permits authorised in Cyprus during February 2020 provided for the construction of 680 new homes; an increase of 18 per cent compared to February 2019 according to official figures.

Cyprus passport programme under fire again

The Cyprus citizenship by investment programme, which enables well-heeled foreigners to obtain an EU passport for investments of at least €2 million, has come under fire again from the European Union.