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Archive for May, 2007

Apartment Pools Blur Lines between Public and Private

THE INTERIOR Ministry yesterday said they are in the process of drafting a slight change to the law governing public swimming pools on the island of Cyprus.

Remand for Man who Sold House that Wasn’t His

POLICE yesterday issued a four-day remand for 40-year-old Pavlos Kyriacou from Limassol after he tried to sell a house that did not belong to him to a British citizen.

Living in a Cyprus Property with no Title Deeds

I’ve heard that some people are being taken to court for living in houses without Title Deeds.I’m confused; is this true? If it is true, what can I do to stop this happening to me? I don’t have my Title Deed and I’ve been waiting for over 12 years now. Answer The situation to which […]

Choosing your Cyprus Lawyer

Many people buying property in Cyprus, particularly those buying from a property development company, make the fundamental mistake of taking legal advice from a lawyer who has been introduced to them by the property developer. If you use a law firm or lawyer recommended to you by the vendor, then how can that lawyer give […]

The British Mafia in Cyprus – True or False?

By Antonis Loizou, FRICS Antonis Loizou & Associates Ltd Chartered Surveyors Property Valuers – Project Managers May 2007 We submit this article in the press in order for our readers to share our concerns on a new upcoming situation of a “modern” society. It seems that the British market with its numerous good/positive factors, both […]

Cyprus Building Permit Statistics: February 2007

The Cyprus Statistical Service announces that the number of building permits authorised by the municipal authorities and the district administration offices during February 2007 stood at 813. The total value of these permits reached £133.5 million and the total area 299.5 thousand square metres. These building permits provide for the construction of 1,784 dwelling units. […]

An Oasis in the Search for Title Deeds

THE PROTECTION of the rights of buyers of immovable property in Cyprus constitutes a chaotic and worrying reality. Thousands of bona fide and well-intentioned investors, local and foreign, have been investing their money for many years in the property industry of the island, buying houses, villas and apartments. One of the basic promises is that […]

Cyprus Home Price Index up 1.08 percent in April

The index is published monthly by BuySell Cyprus Real Estate, a real estate advertiser. The company started to produce its price index in 2004. It shows the movement of prices at which residential property in Cyprus are sold and is based on an average of around 400 to 500 home sales/month.

Estate Agents Confident that Spanish Property Crisis won’t Affect Cyprus

Estate agents and property specialists have said that the predicted collapse of the Spanish housing market will not affect Cyprus. Paris Zachariades, Executive President of Century 21, a global player in the real estate network, yesterday told the Mail that the market in Cyprus was still on an upward trend due to low interest rates. […]

Fraud in the Making

Suddenly the Cyprus Ministry of the Interior and the press have realised that a new type of property titles for which we have written in this and other newspapers over two years ago, is a fraud in the making against unsuspecting buyers, especially the foreign ones who rely to a large extent on their solicitors. […]

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