Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Monthly Archives: May, 2008

Estate agent arrested for property fraud

AN estate agent has been arrested on suspicion of defrauding two property buyers out of approximately €290,000. The estate agent, a 39 year old foreign...

Property loan growth accelerates

LOAN growth in the domestic market accelerated in April, driven by property loans and loans to non financial organizations. According to Central Bank data released...

Cyprus bank eases loan restrictions

THE Central Bank of Cyprus has eased the loan restrictions for the purchase or construction of second properties from 60% to 70%. According to a...

Equity release in Cyprus

I wonder if you can help please. The falling value of the pound against the Euro means that we have much less money coming...

Top 10 tips on making a Will in Cyprus

NOBODY likes to think about making a Will, but whenever you have a major change in your family or financial circumstances you need to...

Cyprus property tax receipts plummet

ACCORDING to press reports, a decline in Cyprus property prices has resulted in a spectacular fall in Government revenue. During the first four months of...

Briton loses half a million in property fraud

TWO men were remanded in custody in Paphos yesterday on suspicion of defrauding a British resident of Peyia out of nearly half a million...

London property protest

A GROUP of British expats frustrated with the judicial system in Cyprus protested at Alexandra Palace London on Sunday where President Demetris Christofias was...

The property bubble

IN PARALLEL with the tourist decline, the property boom in Cyprus went into reverse from 2005 onwards. Nevertheless, over that period we have seen countless...

Property chief elected new head of Cyprus bank

THEODOROS Aristodemou, the founder, Managing Director and Chairman of Aristo Developers Plc Group of companies, has been elected the new Chairman of the Bank...

2008 property sales down 30 percent

THERE was a 30 percent reduction in sales of property in Cyprus during the first four months of 2008 compared to previous years, the...

Cyprus building permits continue to fall

THE number of building permits issued for the construction of property in Cyprus continues to decline. According to the Cyprus Statistical Service, CYSTAT, the number...

Still waiting for Cyprus justice

CYPRUS property developer Costas Papaioannou was arrested and remanded in custody for five days on suspicion of obtaining money from buyers with intent to...

Resale property scam warning

Without Title Deeds, the buyer must come to an ‘arrangement' with the person in whose name the property is registered; invariably this is the property development company from whom they bought the property.

Property protest during President Christofias London visit

Expatriate property buyers frustrated by the inept Cypriot judicial system are to protest at London's Alexandra Palace on May 18th where the President of...

Sotheby’s moves into Cyprus real estate

THE FIRST office of Sotheby's International Realty Affiliates LLC will open in Cyprus by the end of the year, under an exclusive 25 year...

EU inquiry into Cyprus estate agents rules

According to a number of press reports, the European Commission has sent Cyprus an official request for information on its laws governing estate agents;...

Property issues in Cyprus and Spain

A lot of the letters I receive from members of the public, as well as MPs and MEPs writing on behalf of their constituents,...

Frustration at Title Deed wait

A MAN waiting 13 years for his title deeds has claimed the developer is "fobbing him off" by promising an end in sight to...

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.