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Monthly Archives: June, 2009

News

HM Government replies to Lord Jones

Nigel Howarth -
“Those contemplating buying property in Cyprus must proceed with caution and seek qualified legal advice from a source that is independent from anyone else involved in the transaction.”
News

Sylikiotis shoots from the hip

Charles Charalambous -
If some of the smaller developers are now close to bankruptcy, then allowing them to go bankrupt would send a clear message to the rest of the market.
News

Cyprus in court over title deed delays

Editorial -
The landmark case could not have come at a worse time for Cyprus that has celebrated the legal victory against a British couple who have developed land in the Turkish-occupied north owned by a Greek Cypriot refugee and who are being forced to give up their assets in the U.K. as compensation.
News

Property developer collapses

Charles Charalambous -
The reason the company has collapsed is not the crisis, but the fact that Cyprus’ legal and regulatory framework allows a builder with five years’ experience to set up as a developer and apply his own standards of commercial behaviour.
Articles

Prices in Cyprus down & worse to come

Editorial -
Prices and demand for property have been falling across Cyprus since autumn 2008; Limassol is the only town where prices are still moving upwards.
News

Cyprus minister denies ignoring deed issue

Editorial -
According to a statement issued to OPP the Cyprus government has not stated that the measures that are being studied will not concern those who have already bought houses or other buildings. But precisely how the new measures will help is unclear.

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