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Archive for 2008

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 […]

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 […]

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