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Archive for June, 2010

Leptos Estates backs down in libel action

Leptos Estates, the Cyprus property development company, has backed down and withdrawn its libel action against property rights campaigner Denis O’Hare of the Cyprus Property Action Group.

EU questions Cyprus on developer mortgages

Daniel Hannan, MEP for South East England, has raised a question in the European Union Parliament to uncover the facts behind the Cyprus developers mortgages scandal, the number of properties involved and the total mortgage debt of the developers.

British couple plan to sue property developer

British couple Janet and Keith Smith are planning to sue their property developer after falling victim to a campaign of harassment that caused untold misery, health problems and further costs which have destroyed their lives.

Cyprus deal targets Scandinavian buyers

A Cypriot developer has signed an exclusive deal with one of Norway’s largest agents in hope of cashing in on growing demand from Scandinavian buyers.

Property market showing signs of recovery

There are signs that the Cyprus property market may be on the road to recovery boosting hopes that an end to the crisis in the sector is approaching.

Well meaning or crooked lawyers?

Reports of “crooked” lawyers in Cyprus are legion. Paphos (or Pafos) appears to have an unusually high percentage of wrong doings by lawyers in comparison with other Cyprus towns and cities according to Antonis Loizou.

Legal system and property rights under EU scrutiny

Once again, the Cyprus legal system and consumers’ property rights are about to come under the scrutiny of the European Union following a written question to the European Parliament raised by Scottish MEP Alyn Smith.

Cyprus building permit numbers up in March

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,758 residential properties were authorised in March 2010, an increase of more than 27 percent over the same period last year.

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