Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday, June 2, 2020

Monthly Archives: February, 2009

EU questions Cyprus over property issues

The European Commission has given its assurance that it will take the necessary measures if Cyprus has infringed EU law.

First loans approved for Cyprus low cost housing

Loan approvals amounting to €4.2 million have been delivered to thirty young couples under the recently announced government scheme to help those on low incomes.

Pandora (Leptos) indicative results

Following a profit after taxation of €16,950,461 in 2007, Pandora (which is owned by the Leptos Group) made a loss of €1,589,013 in 2008.

How much pressure before Cyprus acts?

Property buyers are getting increasingly worried and angry at the lack of progress being made by the Cyprus Government to resolve the ‘Title Deeds-cum-fraud mess'.

Dolphin postpones resorts, may buy back shares

If we put villas on the market and we discover that nobody wants to buy, we will just delay it and wait for six months until the market recovers.

Cyprus golf & country resort at Tersefanou

The Board of Directors of Medgolf Group of Companies has released a statement regarding the Golf Resort and Country Club in the Tersefanou area of Larnaca.

Property group gets grant from British High Commission

The British High Commission is very pleased to recognise the splendid efforts of CPAG in supporting many British people and other nationalities, including Cypriots, with their property problems.

Gullibles travels in Cyprus: The overseas property exhibition

The misadventures of an inexperienced property investor and his wife in their quest to buy a jet-to-let holiday apartment in Cyprus.

Scammed property buyers lobby Cyprus president

This scam is endemic throughout the island; it's harming people's lives. The government is aware of it and so are the police. Why are they refusing to act?

Cyprus Tourism Organisation denies snubbing Ryanair

I don't know why Ryanair is not flying to Cyprus at the moment, but it is certainly not because we have not been in contact.

Property supply outstrips demand

20,000 properties remain unsold and a large number of others remain unfinished due to the dramatic decline in sales and worsening market conditions.

Will Ryanair fly to Cyprus this year?

The budget airline Ryanair is interested in flying to Cyprus but has yet to be approached officially by the island's tourism authorities.

Cyprus Title Deeds: Miliband waits for action

British Foreign Secretary David Miliband and Chancellor Alistair Darling have been in communication regarding the ongoing Cyprus Title Deed saga

UK Govt taking keen interest in Cyprus property issues

Britain is taking a very close interest in the progress being made by the Cyprus government to resolve the "Title Deeds-cum-fraud mess".

Property sales to foreign buyers in sharp decline

Figures published by the Cyprus Land Registry reveal that the number of properties being sold to foreign buyers is in sharp decline.

Cyprus given wake up call by European Parliament

The Cyprus government has been given a wake up call by a recent decision of the European Parliament's campaigning Petitions Committee.

Cyprus apartments for 20 Euros

Desperate times call for desperate measures - and faced with the slump in Cyprus property sales one company has come up with a novel idea.

Bank of Cyprus offers cheap housing loans

The Bank of Cyprus, is offering attractively priced loans of up to EUR 1.5 billion earmarked for housing, business and the hotel/construction industries.

Cyprus government revenues cut by property market crisis

The unprecedented crisis in the Cyprus property market and the problems faced by businesses have pushed government revenues down sharply.

Government measures will push mortgage rates down

The Cyprus government is confident that its latest measures to support the island's economy will push mortgage interest rates down.

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.