Cyprus Property News magazine for overseas buyers & real estate investors

Sunday, May 31, 2020

Monthly Archives: 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...

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...

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...

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....

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...

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...

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...

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...

Free top tips guide on buying property in Cyprus

My property buying guide Buying a Home in Cyprus: A Practical Guide to Successful Real Estate Purchase now has a brand new supplement, which...

Property problems: Questions raised in the House of Lords

NEWS of the many problems being experienced by British citizens who have bought property in Cyprus has reached the ears of the UK Government. Yesterday,...

Property market slowdown

ACCORDING to figures just released by the Cyprus Land Registry Department, the number of property sale notes during the period January - October 2008...

Cyprus property: long term investment rating

The long-term investment rating and prospects for Cyprus are also looking very shaky. On the 11th November, the influential Global Property Guide published its Country Investment Ratings for 69 locations around the world.

The Title Deeds fiasco: Ignoring it won’t make it go away

ON MANY occasions this paper has written about the Title Deeds problems in Cyprus and the need for the authorities to resolve it once...

Credit crunch hits property market

THE credit crunch is hitting the property market in the Paphos region of Cyprus. Other businesses are also being affected including restaurants and hairdressers...

Cyprus property sector should not expect help in crisis

ECONOMISTS and even a government official yesterday scoffed at any notion of state help if the Cyprus property market sector suffers in an extended...

Cyprus 13th in Top of the Props

IN THE September 2008 Top of the Props chart published by themovechannel.com, Cyprus maintains its position at number 13. The most popular investment destination for...

Property action group releases Government report

FOLLOWING months of deafening silence from the Cyprus Government, the Cyprus Property Action Group (CPAG) has today released its report Cyprus Property Pitfalls: a...

EU predicts slowdown in Cyprus property market

THE EU Economic Forecast autumn 2008 predicts a slowdown in the Cyprus Property market. Global growth slows sharply and with the financial crisis having...

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.