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Archive for November, 2008

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 is available completely free of charge. Its 40 pages are filled with my ‘Top Tips’ for home seekers and investors thinking about buying property in Cyprus. Its aim is to set […]

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, Lord Jones of Cheltenham tabled two questions in the House of Lords. Replies to both questions are due by 27th November: To ask Her Majesty’s Government what advice they are […]

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 reduced by 24.2% compared to the same period last year. While the number of notes in October fell by a massive 50.2% compared with October 2007. Property sale notes show the […]

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 and for all. Apart from some half-hearted attempts by deputies to find a compromise and the odd, vacuous announcement by the Interior Minister that the matter would be tackled, nothing has […]

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 according to a report in today’s Cyprus Mail. It seems that the only ones seeing a boom are the charity shops. Credit crunch: Paphos feels the squeeze Businesses and charities in […]

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 financial crisis. Last week, the government said it was putting together a plan to combat any possible crisis. The plan, which is due to be announced shortly, will focus on the […]

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 British overseas home buyers for a second successive month was the USA, followed by Portugal (up 4 places to number 2) and the United Arab Emirates (up 1 place to […]

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 time for ACTION. CPAG also calls on those who have been scammed by the rogues and conmen in the Cyprus property industry to write to their MEPs and MP urging them […]

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 escalated, economic growth in the euro area and the EU grinds almost to a standstill. Subdued real estate activity weighs on 2009 In 2009, economic activity is foreseen to decelerate further […]

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