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Archive for January, 2010

Orams must demolish house in occupied north Cyprus

David and Linda Orams will have to demolish their house in occupied northern Cyprus after the Court of Appeal ruled orders from a Nicosia court must be enforced.

Cyprus estate agent declared bankrupt

The case against Andrew Nolan, formerly of Cyprus estate agents Peter Stephenson Properties, was heard by a judge at a court in Birmingham last Thursday where he was officially declared bankrupt.

Cyprus lawyers refuse cases if suing other lawyers

The problem with lawyers in Cyprus refusing to sue their colleagues in the legal profession is a particular issue for property buyers who have fallen into the trap of using a lawyer recommended or introduced to them by a property developer.

Cyprus hotel and tourist associations oppose taxes

The Association of Cyprus Tourist Enterprises, STEK, and the Cyprus Hotel Association, PASYXE, are the latest groups to announce their opposition to the governments’ proposals on property tax.

Govt figures confirm Cyprus meltdown

The scale of the recession’s damage to the overseas property market in Cyprus has been revealed by official figures that show an 84% drop in sales to non-Cypriots since peak.

Critics fear impact of Cyprus marina project in Limassol

Critics of one of Cyprus’ largest infrastructure schemes, the luxury marina project at Limassol, have concerns over its financial and environmental impact and fear that it will throw the harbour’s little guys overboard.

Approach to property tax causing confusion

The Cyprus government plans to raise money by adjusting the valuation of real estate, which is still being calculated at 1980 prices, has sparked a political storm that has added to the general confusion surrounding the issue.

Cyprus overseas property market collapse

Figures issued earlier today by the Cyprus Department of Lands and Surveys reveal that the Island’s overseas property market collapsed in 2009 with a mere 1,761 properties being sold to non-Cypriot buyers during the year.

Property sales in Cyprus fell in 2009

Although the number of properties sold in Cyprus during December 2009 showed an overall improvement on the number sold during December 2008, total property sales over the year fell.

Cyprus ministers confirm property tax plan

Following their meeting earlier today, the Cyprus Finance and Interior Ministers have confirmed the government plans for its proposed reappraisal of the Island’s property tax system.

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