Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 16th July 2020

Monthly Archives: June, 2009

Cyprus bombshell rocks their Lordships

The Cyprus Government was 'economical with the truth' when it assured the UK Government that it intended to introduce a Bill to address the Title Deed issue affecting thousands of Brits who have invested in property on the island.

Cyprus president avoids demonstrators

Last evening’s peaceful protest at the new municipal park in Peyia was planned to coincide with its formal opening by President Christofias. But at the last minute the President postponed his visit due to an ‘important commitment’. Perhaps he wanted to avoid the demonstrators?

Property sales continue decline

Property sales in Cyprus are continuing to decline according to figures released by the Department of Lands and Surveys.

Cyprus president may avoid property protestors

Hearing the news that President Christofias may be unable to attend, Cyprus Property Action Group co-ordinator Denis O'Hare said that there will be another opportunity to demonstrate.

If you can’t trust a lawyer in Cyprus, who can you trust?

If lawyers (and the Cyprus Bar Association) took their responsibilities seriously, the image of Cyprus would remain untarnished and its property industry wouldn't be in the mess it's in today.

Man held over Limassol land fraud

A 40-year-old man has been remanded in custody after allegedly obtaining around €2m from his Russian business partner by falsely offering to provide him with acres of land.

Property prices to fall say 80%

More than 50% of those who voted in a recent poll conducted by the Cyprus Property Magazine believe that real estate prices will fall by more than 10% during 2009.

Most Read

COVID-19 hits new homes in Cyprus

Permits for the construction of new homes in Cyprus fell by more than a half during April; the second month during which the COVID-19 containment measures continued to apply.

Cyprus’ largest ever housing project will help low-income families

Limassol municipality and the Land Development Corporation (KOAG) reached an official agreement on Thursday regarding the establishment of the largest housing project ever undertaken in Cyprus, worth €100 million.

Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Cyprus house price index up 2.5 per cent

The Cyprus house price index rose by an average of 2.5 per cent in the first quarter of 2020 compared to the previous quarter according to official figures from the Cyprus Statistical Service (CYSTAT)