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Monthly Archives: June, 2009

Proposals to accelerate Cyprus title deeds

The Finance Minister has received a number of proposals from the European party on ways that the process of issuing Title Deeds may be accelerated.

Non-Cypriot demand for property collapses

Demand for properties by non-Cypriots in the first five months of the year has fallen by nearly 80%. Some estate agents believe that a full recovery will not happen before 2012.

Cyprus tax receipts continue to fall

Capital Gains Tax receipts in Cyprus, Stamp Duty and Immovable Property Tax continue to fall as a result of the on-going slump in the real estate market.

Qatari investment deal collapses

It seems that the Qatari plans to invest in the development of a €500 million mixed-use real estate project in Nicosia may have collapsed

Cyprus courts in chaos

A letter from a lawyer published in the Cyprus Mail recently suggested that property buyers who had run into difficulties legal with their developer could seek redress through the courts.

A good time to buy

Over the last three months, prices of property in Cyprus have fallen by around three per cent, which although modest, is part of a trend that will probably be gradual. We should see more of a price reduction in the second quarter.

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