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Archive for January, 2008

Title Deeds: capital gains tax liability

AFTER 18 years we have just been advised that the Title Deeds for our house are now available. But I have just received a letter from the property developer saying that I have to contact previous owner about the tax. I don’t know where he’s living or if he’s even still alive as he went […]

Cyprus property fraud?

We bought a resale property in Cyprus near Ayia Napa just over a year ago with full Title Deeds and used an independent lawyer in Larnaca. Before we signed the contract, he told us that he’s checked things out with the Land Registry and everything was OK and after we’d signed the contract he lodged […]

Two accused of assaulting British property buyer released

TWO MEN involved in the alleged assault of British property buyer Conor O’Dwyer were released from custody yesterday, police said. Ayia Napa police chief George Economou said there had been no need to keep the pair in custody any longer. “There was no need to hold them any longer. They were released and when the […]

Tribal mentality undermines rule of law

POLITICIANS often boast that in Cyprus we have the rule of law. Generally speaking, this is not an idle claim, even though things are far from perfect when it comes to law enforcement and the small matter of equality before the law. In these respects, which are integrally linked to any notion of rule of […]

Property buyer recounts horror of Frenaros assault

“I CAN’T let my kids see me like this,” says Conor O’Dwyer, the British home buyer beaten up in Frenaros village last Monday, when asked whether he plans to return to the UK as soon as he leaves hospital. O’Dwyer was assaulted while gathering evidence for the two-year legal dispute he is in with his […]

Battling the Church for Title Deeds for 13 years

RESIDENTS of a Paphos development who have been waiting for Title Deeds to their properties for 13 years are still stuck in limbo with no end in sight to their saga. According to the owner of one of the properties of the Kitrikes Village Development in Armou, the Interior Ministry took the residents to court […]

Two remanded over brutal beating

TWO Cyprus property developers, a father and son were remanded yesterday by the Paralimni court for four days suspected of assaulting British home buyer Conor O’ Dwyer with whom they were engaged in a legal dispute. Police officer Marios Christou told the Cyprus Mail the two men had been arrested late on Wednesday and appeared […]

British property buyer still in hospital

A BRITISH property buyer who was allegedly assaulted by developers Christoforos Karayiannas & Son Ltd, with whom he is engaged in a legal wrangle, was yesterday still in hospital, his lawyer said. No one has yet been arrested for the alleged assault, according to Yiannos Georgiades, the lawyer for Briton Conor O’Dwyer who has been […]

Property rental yields “low to moderate”

A recent report produced by the influential Global Property Guide concluded that rents and yields from Cyprus property are “very low” and “taxes on renting are quite high”. According to their estimates, yield on rental property in Cyprus averaged just 4.7% in 2006, placing it well down the list of the 109 countries surveyed at […]

Cyprus property price index falls 1.86% in December

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

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