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Archive for August, 2007

Cyprus property fraud

Many many summers ago, when Cyprus was being accused of harbouring money-launderers, the Serious Financial Crime Squad of the police (aka MOKAS) came into being, with the hope that it would deal with what its name clearly describes. Since then, accusations of money laundering continue to harass Cyprus officials with little light ever being shed […]

Expats form property action group

A GROUP of expats has got together to help fight the growing problems in Cyprus’ property market. Fed up with reports from disgruntled property buyers who have been run through the mill and come out the other side poorer and disgusted and disappointed, they have decided that enough is enough. The Cyprus Property Action Group […]

Minister orders probe into development scam claims

INTERIOR Minister Christos Patsalides yesterday ordered an investigation into allegations made on a YouTube video by a British home buyer Conor O’Dwyer that a Cypriot developer had sold his off-plan house to someone else and kept his money. After launching the website to highlight his case, Conor O’Dwyer, 37, brought his fight against the […]

Make a fast buck and damn the consequences

Just like an earlier letter writer (‘Are there no planning rules in Cyprus’) my wife and I own property in Pyla and we are amazed by the amount of development not just in this area but the surrounding areas. Having read the letter by Mr McManus I have to say I whole heartily agree with […]

Cyprus Home Price Index up 1.84 percent in July

BuySell Cyprus Real Estate, a real estate advertiser, publishes a monthly ‘Home Price Index’ – the only one of its kind in Cyprus. The company started to produce the index in 2004. It shows the movement of prices at which residential properties in Cyprus are sold and is based on an average of around 400 […]

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