Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Monthly Archives: May, 2010

Is Cyprus in danger of misleading the EU?

In its answers to questions posed to it by the European Union, the Cyprus Government could be in danger of misleading the EU into believing that the Cypriot authorities have taken substantial and effective measures to resolve the Title Deed problems.

Thousands of Cyprus construction jobs lost

According to the president of the Cyprus Contractors Federation more than ten thousand construction workers have lost their jobs and the industry's productivity dropped by 9 percent last year.

Revised Title Deed legislation hits snag

The much-anticipated bills to resolve the Title Deed issues have hit a snag, after it emerged yesterday that not all concerned had been properly consulted during the preparation of the legislation.

Property rights campaigner in court

Denis O'Hare, the Cyprus property rights campaigner, has appeared in a court in Paphos and is contesting the a writ moved against him by Armonia Estates Ltd and Pantelis Leptos, vice-chairman of Leptos Group and Marketing Director of Leptos Estates.

Cyprus government set to increase property tax

The government of Cyprus is expecting to collect an additional €10 million to €20 million in taxes from property owners in a bill designed to increase state revenues to combat the recession.

Property prices fell in Quarter 1 2010

RICS Cyprus has published the second edition of its quarterly Property Price Index showing a fall in the prices of residential apartments and houses and a general fall in value of commercial properties during the quarter.

Tenancy Disputes in Cyprus

Landlords and tenants, like cats and dogs, do not always see eye to eye and disputes between the parties occur frequently. Ideally, such disputes are best resolved without recourse to the Cyprus courts as Louise Zambartas explains.

Cyprus Bar to advise lawyers after landmark ruling

Following a landmark ruling by the Supreme Court of Cyprus which found a Cypriot lawyer professionally negligent, the Cyprus Bar Association has determined to advise its members accordingly.

New title search procedures in Cyprus

New procedures introduced in Land Registries throughout Cyprus should make it much easier for prospective property buyers to discover whether their potential purchase is mortgaged.

AIPP gets tough on North Cyprus agents

The Association of International Property Professionals (AIPP) has warned its members that they could be ejected if they continue to sell property in the areas of Cyprus under Turkish military occupation.

Property rights campaigner to appear in court

Cyprus property rights campaigner Denis O’Hare has been summonsed to appear in the Paphos District Court following a writ moved against him by Armonia Estates Ltd, part of the Leptos Group, which earlier precipitated the closure of the Cyprus Property Action Group website.

We have not learnt our lesson

George Mouskides, airs his views on some of the issues besetting the Cyprus property market and issues a call to action by the state to deal with these issues before matters get out of hand.

Opinion: Cyprus Title Deed law changes

Will the latest changes to the Cyprus Title Deed laws currently before parliament untie the ‘Gordian Knot’ as the Minister of the Interior has stated they would? Although they will bring relief to some people, it appears that those who have been duped into buying mortgaged property will be left to fend for themselves.

Bigger and more strident Cyprus campaign group?

The recent writ against Denis O’Hare which led to the closure of the Cyprus Property Action Group website could result in the setting up of a bigger more strident organisation to campaign for the rights of property buyers in Cyprus.

Changes to Cyprus Title Deed laws revealed

A senior Department of Lands and Surveys official has revealed the changes to the laws of Cyprus designed to untie the ‘Gordian Knot’ preventing the issue of some 130,000 Title Deeds to properties on the island.

Cyprus property sales statistics (April 2010)

Property sales in April indicate that the recovery of the Cyprus property market may have faltered, although it is not clear why this has occurred.

Protester vows to fight Cyprus legal action

The leader of a property owners’ group in Cyprus has vowed to defend himself against legal action taken by a developer.

Cyprus Bar Association to mull over landmark ruling

Following last month’s landmark Supreme Court ruling, the Cyprus Bar Association is to meet and decide what position to take on the matter.

Title Deed solution soon?

Yesterday, the Cyprus parliament began discussions on the bills that aim to put an end to the difficulties faced by Cypriot and foreign property buyers in acquiring their Title Deeds.

Building permit numbers in Cyprus (February 2010)

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,691 residential properties were authorised in 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.