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Archive for February, 2009

Cyprus property boom ends as weak pound scares away U.K. buyers

The weak pound will result in British buyers of second-home in Cyprus keeping their money in their wallets for the next two years or so.

Sales of property in Cyprus nose-dive

The number of properties being sold in Cyprus has nose-dived in recent months following the latest phase of the global financial crisis.

Developers say building package will create ghettos

Property developers say that the Cyprus government’s new package to boost the construction sector by building 500 additional low cost properties will create ghettos.

Developers optimistic Limassol marina will start soon

Despite recent reports of funding problems, the Cypriot company set up to deliver the Limassol marina remains confident that everything will run smoothly.

Cyprus golf courses get the go ahead

In the face of much opposition, the cabinet has finally approved the creation of fourteen new golf courses in Cyprus, but they will have to provide their own water.

Misrepresented property and conflicts of interest

What can you do if the property you bought is significantly different to the plans you were shown and your lawyer appears to have a conflict of interest?

Cyprus tourism and property to get state aid

President Demetris Christofias has announced new measures to boost the Cyprus economy targeted at the ailing property and tourist sectors.

Northern Cyprus property exhibitors banned

Northern Cypriot exhibitors remain banned from exhibiting at the ‘A Place in the Sun Live’ show.

Cyprus property companies on brink of bankruptcy

A 20 to 30 per cent cut in the old prices, which were too high, could stimulate some interest from people and get the stagnant property market moving; at lower prices, the banks could also become more willing to offer housing loans to buyers.

Low cost property developments in Cyprus

The Cyprus Land Development Corporation is planning to build 500 additional low cost properties in Cyprus and to buy land from property developers.

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