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Archive for November, 2008

British MPs and MEPs take up title deeds crusade

BRITISH MPs and MEPs have expressed their shock and concern over the title deeds scandal in Cyprus, and some have already taken the issue up with the government and the EU. “I find the accounts, which I have received of this chain of events scarcely credible,” said Nigel Farage MEP, the leader of the UK […]

Qatari Diar Real Estate and Cyprus sign deal

Qatari Diar are delighted to have signed this Memorandum of Agreement. We believe that this project highlights the strong relationship between our two countries and we look forward to working in Cyprus on the development.

Cyprus and Hungary linked in property scam

YESTERDAY a Hungarian court ordered the leader of the Liberal group in one of the districts of Budapest to be held for 30 days while an investigation is conducted into fraud charges. Charges against György Gál, who is chairman of the district’s economic committee, involve the fraudulent sale of land belonging to the municipality. Gál […]

Cyprus: Island of love or fraud?

Developers retain Title Deeds for many years and use them (without the express permission or even knowledge of the buyer) as collateral to obtain mortgages. While such mortgages exist, the deeds cannot be issued to the buyer.

British MEPs question Cyprus in Brussels

BRITISH citizens campaigning for their property rights in Cyprus are receiving support from their European Members of Parliament. Many have written to their MEPs asking them to put pressure on the Cypriot Government to act. The following letter was received today from Roger Helmer, MEP for Derbyshire, Lincolnshire, Leicestershire & Rutland, Nottinghamshire and Northamptonshire. Addressed […]

Please be patient, we are doing our best!

INTERIOR Minister Neoclis Sylikiotis has asked for patience over the issue of withheld Title Deeds as pressure mounts for the Government to take action. Mr Sylikiotis announcement was in response to a report that Lord Jones of Cheltenham had tabled two written questions in the British House of Lords on the problem; replies to which […]

20,000 Cyprus property industry workers face job losses

THE president of the Cyprus Construction Association, Sotos Lois, has said that 20,000 workers in the property industry may lose their jobs. Sotos Lois warned that if forecasts of a 40% drop in construction sector activity prove to be true, lay-offs could not be avoided. At a press conference today, he noted that sackings in […]

New residential resort coming to Cyprus

NIKKI Beach EMEA Hotels and Resorts have signed a management agreement with south-east Mediterranean resort developer Dolphin Capital Investors, to operate a five-star resort in Cyprus. Scheduled to open in 2012, Nikki Beach Resort and Spa will be built within the Venus Rock Golf Resort in Paphos. With property sales handled directly by Dolphin through […]

Cyprus home buyers turn to Lords for Title Deed aid

THE BRITISH House of Lords is seeking answers as to why UK home buyers in Cyprus are still waiting for their title deeds and wants to know whether the British government intends to pressure Nicosia on the issue. Answers to the two questions tabled by Lord Jones of Cheltenham are expected in the coming week. […]

Sales of coastal property in Cyprus slump 40 per cent

ACCORDING to a report in today’s Cyprus Mail, there has been a significant slump in sales of property in the coastal areas of the island. The worst hit areas are Paphos, Paralimni and Protaras although Limassol and Larnaca are also feeling the effect. Property sales in coastal areas have dropped up to 40 per cent […]

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