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Archive for November, 2008

What hope for justice in Cyprus?

WHEN Interior Ministry official Savvas Ioannou was questioned by Jean Christou about the ‘Immovable Property Tax Scam’, he was reported as saying: “This is not a matter where the state can intervene, but if a buyer feels that any term in the contract is abusive, this can be examined by the courts in the context […]

Cyprus property lawyer says contract cancellation fees are illegal

A major problem has been created by greedy property developers who insist on claiming cancellation fees from purchasers. The developers try to take advantage of buyers who wish to re-sell property purchased without a separate title deed.

Property buyers get “one finger salute” from Government

Home buyers and property investors will be outraged to learn that the Cyprus Government has given them a “one finger salute” by refusing to take action against property developers who illegally demand money from them under the guise of ‘Immovable Property Tax‘. A widely reported example of this scam involves an 83 year old British […]

Can we get our money back?

WE are new to all this and hoping for some help and advice. We paid a reservation fee of £2,500 to an overseas property marketing company in the UK for an off-plan apartment in Kiti. Having returned from their viewing trip to Cyprus and despite them trying to persuade us to use their lawyer, we […]

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