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Archive for February, 2010

Resolving Cyprus property disputes

Finally, you are on your way to having your dream home in Cyprus, you’ve signed a contract, made your payments and it seems nothing can go wrong… think again!

Insurance of Cyprus apartments & building complexes

In a follow up article to ‘Managing Cyprus Apartments and Building Complexes’ Miltiades Miltiadou, the General Manager of Chartis Cyprus, writes about the insurance of jointly-owned buildings.

Foreigners show little interest in property market

Foreign interest in the Cyprus property market is showing no sign of a recovery at the start of the year with sales in January down by more than 28 percent on last year.

More delays in O’Dwyer case

It has now more than a year since Court proceedings got underway into the alleged assault of Conor O’Dwyer by a property developer, his son and another man.

Corruption in Cyprus is a national problem says EU report

“In Greece, Bulgaria and Cyprus there is almost universal agreement that corruption is a national problem” says damning EU Commission report.

Property sales improved in January 2010

According to figures published by the Cyprus Department of Lands and Surveys, property sales improved last month compared to the number sold in January 2009.

Heavy January rains bring relief from water cuts

Michalis Polynikis, the Cyprus Agriculture Minister, has announced that water cuts will be lifted from today as a result of January’s heavy rains.

Is property in Cyprus overpriced?

In the wake of Cyprus’ remarkable real estate boom many people believe that property on the Island is overpriced. Here is a simple test to see if they are correct.

Building permits down again

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,285 residential properties were authorised in November 2009.

CPAG update on transfer taxes and IPT

Earlier today CPAG, the Cyprus Property Action Group, issued an update regarding transfer taxes (Property Transfer Fees) and IPT (Immovable Property Tax)

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