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Archive for December, 2008

Cyprus property owners association calls for action

THE Cyprus Association of Property Owners (KSIA) has added its voice to those calling on Government to resolve the Title Deed problems. Speaking yesterday at the Annual General Meeting of KSIA its president, George Strovolides, said that the problem is serious with more than 100,000 people without Title Deeds. “This unresolved issue is dangerous and […]

Cyprus property sector facing long recession

It seems that the Cyprus property sector will experience a long period of recession and things may deteriorate over the coming three years. Antonis Loizou made his forecasts on the current situation in a recent interview with Stockwatch and emphasised the fact that prices of tourist properties have already fallen by as much as 20%. […]

You cannot polish horse manure

EVERYONE knows there is a massive problem in Cyprus with unscrupulous property developers exploiting loopholes in the islands archaic laws to make huge profits for themselves. Exacerbated by intolerable bureaucratic delays in central and local government departments, the “Title Deeds-cum-fraud mess,” as one commentator recently referred to the problem, affects tens of thousands of Cypriot […]

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