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23rd April 2024
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Monthly Archives: August, 2009

Illegal tourist rentals in Cyprus

Official figures reveal that one third of all tourists arriving in Cyprus stay in unlicensed holiday accommodation. The situation is exacerbated by developers who promote their villas and apartments as being suitable for ‘buy to let’ holiday homes.

Communal service charges

Is it correct that communal service charges are based on the on the size of the building/flat excluding gardens, open verandas etc?

Gaping hole in government revenues

The collapse of the Cyprus real estate market has resulted in a gaping hole in government revenues.

Common expenses & insurance in Cyprus

Those buying apartments in Cyprus and some other types of property often fail to appreciate that they are required to contribute towards the costs of insuring, maintaining and repairing those parts of the building/complex that they share with others.

Cyprus at number seven in Top of the Props

The popularity of Cyprus as a destination for overseas property investment has increased according to the July Top of the Props chart published by themovechannel.com and a second survey published by homesoverseas.com

Sales to non-Cypriots down 75 per cent

Cyprus saw a 75% drop in the number of properties bought by non-Cypriots from the number sold during the same period last year, according to reports published on Tuesday.

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