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Archive for May, 2009

HELP – I can’t pay the mortgage!

The worst thing you can do is bury your head in the sand and hope that the problem will somehow go away; it will not. The first thing you must do is discuss the problem with the bank that loaned the money

How to avoid buying into a bubble

It is very important how to work out what a property is actually worth, from a fundamental perspective. The Global Property Guide has written this article to help ensure you’re not over-paying!

Tax rebate for British second homeowners

Many Britons who let out their European holiday homes could be entitled to a tax rebate under measures announced in April’s budget. However, from next year

Housing loans highest in euro area

According to the European Central Bank, Cypriot banks charge the highest interest rates for housing loans in the euro area. The gap between the average housing loan in Cyprus and that of other countries in the euro area is 239 base points.

Real estate needs to go back to basics

In this time of great economic uncertainty and lack of liquidity, many real estate companies are looking for ways to effectively manage risk, streamline operations, and enhance their business relationships

Council of Ministers restriction lifted

We have been advised that non-resident EU citizens no longer require a Council of Ministers Permit to own property. We hope to be able to confirm this in the next few days.

Building permit numbers up

From the CYSTAT figures it is impossible to say whether the number of homes being built in Cyprus is increasing or not. It is common knowledge that developers build properties illegally

Developers hope for 2010 recovery

Property developers are optimistic that the real estate sector will recover from the economic crisis in 2010, provided the necessary measures are taken by the government.

UK updates travel advice

The UK Foreign & Commonwealth Office is advising Britons visiting Cyprus that “there are risks involved with purchasing property on the island of Cyprus” and that those contemplating buying property

EU petition launched on Title Deeds

The Cyprus Property Action Group (CPAG) has launched an online petition to the European Parliament on articles 17 and 38 in EU law, which it says are being violated by the ‘unregulated’ property sector in Cyprus.

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