Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Monthly Archives: March, 2010

Number of building permits in Cyprus fell in January

Latest figures from the Cyprus Statistical Service show that the number, value and area of building permits issued in January 2010 fell compared to those issued in January 2009.

Developer swaps shares for property in Cyprus

Dolphin Capital Investors, the company that owns the Cyprus developer Aristo, is offering its shareholders a ‘shares for assets’ scheme according to a report in the Overseas Property Professional.

Cyprus property market tarnished by London protest

Conor O’Dwyer continued his ‘Shame on Cyprus’ protest outside the main entrance to Earls Court throughout the recent two-day A Place in the Sun overseas property exhibition.

Ministers to examine property tax in Cyprus

The Cyprus Interior and Finance Ministers are to examine different scenarios for revising property taxes designed to increase the inflow of revenue into state coffers.

Cyprus legal system has reached crisis point

Legal professionals in Cyprus warn that if changes are not made soon, the courts will be failing in their most basic function, to deliver timely justice.

The Loch Ness monster in Cyprus

The new proposals for the Cyprus laws governing estate agents designed to bring them in line with the Acquis Communautaire are a monster in the making according to Antonis Loizou FRICS.

Title Deed reforms before Cyprus parliament soon

Neoclis Silikiotis, the Cyprus Interior Minister, has told Stockwatch that the five bills aimed at speeding up the issue of Title Deeds will be submitted to the Council of Ministers and the Island's Parliament shortly.

Recovery plan for struggling Britons in Cyprus

Financial services group Marcus James has launched a recovery scheme for Cyprus that offers to take properties off the hands of struggling Britons who can no longer afford their mortgage repayments.

Steps to speed Cyprus Title Deeds issue flop

In a leaked confidential letter to President Christofias, the Cyprus Finance Minister has admitted that steps taken to accelerate the issue of Title Deeds have not added a single Euro to the state's coffers.

New EU anti-fraud and corruption system launched

Following a Eurobarometer report saying that corruption in Cyprus is a national problem comes news of a new EU anti-fraud and corruption reporting system

Cyprus property market speculators lose out

Foreigners who invested in property on the divided island of Cyprus have found their houses were in many cases built by debt strapped developers.

Can Cyprus benefit from the Irish experience?

The Irish government took effective action to protect homeowners when Ireland’s property bubble burst in 2008. Can Cyprus benefit from Ireland’s experience and protect those who have bought property on the Island or are the vested interests too powerful?

Price cuts fail to attract foreigners to Cyprus

Price cuts of up to 30 percent being offered by some developers are failing to attract foreign property buyers to Cyprus following negative publicity and government inaction.

Cyprus property market shows weak signs of growth

The Cyprus property market is depressed and shows weak signs of growth according to the latest RICS (Royal Institution of Chartered Surveyors) European Housing Review.

Cyprus changes estate agents law following EU inquiry

Following a European Union inquiry into the Cyprus laws governing estate agents, the Interior Ministry has submitted a new draft law to Parliament to bring it into line with the Acquis Communautaire.

Latest property sale figures for Cyprus

The beleaguered Cyprus property market has received some encouraging news from the Government’s Lands and Surveys Department with the publication of its property sale figures for February 2010.

Most Read

Property sales collapse hits all markets

The historic collapse of 80 per cent in property sales in April hit the local and overseas market segments according to statistics from the Department of Lands & Surveys.

Historic collapse of property sales

Property sales in Cyprus have collapsed as a result of the coronavirus pandemic to a level only seen once before when the events of March 2013 made Cyprus a household name around the world.

Building permits maintaining strong growth

The number of building permits authorised in Cyprus during February 2020 provided for the construction of 680 new homes; an increase of 18 per cent compared to February 2019 according to official figures.

Cyprus passport programme under fire again

The Cyprus citizenship by investment programme, which enables well-heeled foreigners to obtain an EU passport for investments of at least €2 million, has come under fire again from the European Union.