Cyprus Property News magazine for overseas buyers & real estate investors

Sunday, May 31, 2020

Monthly Archives: October, 2008

Top 5 tips: Buy Cyprus property safely

Buying property is not a process to be rushed. You need time to research the market as a whole and your particular destination of choice.

Welcome to the property club Mr Clerides

IT SEEMS that 29,949 non-Cypriots are not the only ones waiting for Title Deeds to their property. It has been reported that former President...

Buy-to-let apartment rental yields

BUY-TO-LET investors in Cyprus are feeling the sharp end of the property market slowdown. The global credit crunch, exchange rate issues and falling rental...

Planning: amnesty & development proposals

WE understand that a bill concerning an amnesty for property owners who have committed urban planning violations will be submitted to the Cyprus Parliament...

MacAnthony malpractice judgement by NFOPP

The tribunal were appalled to hear of the Company's misleading business practices, including unfulfilled promises of guaranteed rental returns and misleading descriptions of the facilities that would be available to owners.

Is our home in Cyprus mortgaged?

We receive many letters from people who are concerned that their developer may have mortgaged the land on which their property has been built. Typical of those letters is the one below - together with my advice on how to discover whether or not your property has been built on mortgaged land.

Cluttons comes to Cyprus

Cluttons, the London based partnership of surveyors, has announced that it is extending its presence in the Mediterranean basin with an associated office in...

Is the Cyprus property market frozen?

THE ONCE lucrative property market has come to a standstill as buyers, sellers and banks wait for the full effects of the global credit...

Cyprus property trends: Does Google hold the key?

EARLIER today I was speaking with a journalist from one of the local newspapers. Needless to say, our conversation was on the subject of...

Title Deed confusion for non-Cypriot property buyers

It's been reported in the media that non-Cypriots trying to obtain the Title Deeds for their property are facing more confusion. According to the...

Cyprus property prices up in third quarter

HOUSE prices in Cyprus, in the third quarter of 2008, remain resilient despite the worsening global economic conditions. From July to September 2008, the...

Cyprus property: should we fear a slump?

AS the world's largest economies settle into a global recession, the Cyprus property market sends out mixed messages on how it's confronting the crisis,...

New EU rules agreed for timeshare property

THE timeshare holiday rights of some 1.5 million European families will soon be better protected, as MEPs in Strasbourg are expected to endorse a...

Tax on overseas property lettings

Our developer has advised us that our holiday apartment in Paphos is finished and we'll be flying over to Cyprus next week to pick...

VAT on building plots from January 2009

We have just learnt that the EU does not intend to grant Cyprus a further postponement regarding the introduction of VAT on land sales....

Building permits fall for eleventh month in a row

ACCORDING to the Cyprus Statistical Service (CYSTAT), the number of building permits issued in August has fallen for the eleventh month in a row. CYSTAT...

Building permits fall for tenth consecutive month

ACCORDING to the Cyprus Statistical Service (CYSTAT), the number of building permits issued in July fell for a tenth consecutive month as developers anticipated...

EU calls for halt to sales of Greek Cypriot property in the north

In Resolution 1628, the Parliamentary Assembly Council of Europe (PACE) has called on the authorities of the Turkish Cypriot community to "put an end...

Immovable property tax & fraudulent practices

The Immovable Property Tax law based on 1980 values is to most foreigners a very confusing concept which has no parallel in other EU countries. Relying on this confusion, developers ensnare and contain clients in the Title Deed trap.

Golf properties at Tersefanou

ACCORDING to Overseas Property Professional, a consortium of Cypriot developers known as the Med Group is expecting to receive the go ahead for a...

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.