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Archive for October, 2010

Protecting property investors

Giovannis Kouzalis writes about his struggle for Title Deed reform and his belief that the proposed changes to the legislation will not solve the problem unless they are made much stronger, more precise, and provide immediate solutions.

Foreign firms to survey land

Interior Minister Neoclis Sylikiotis is considering engaging foreign companies to carry out some 26,000 land surveys that have piled up in the Land Registry across Cyprus.

Urban planning amnesty suggestions

With the proposed urban planning amnesty shortly to be debated in parliament, the Cyprus Association of Valuers and Property Consultants has put forward three suggestions for the government’s consideration.

New golf course opens tomorrow

The new Eléa Golf course will be opened tomorrow by its designer Sir Nick Faldo MBE who won three Open Championships and three Masters during his professional career and who was ranked the World Number 1 on the Official World Golf Rankings for a total of 98 weeks.

What a mess: Property valuations

While property values in the Cyprus tourist areas have fallen by 30%, foreign demand is still down 70%. Antonis Loizou FRICS considers the problem and wonders what will happen next.

Slowdown in construction continued in July

Latest figures from the Cyprus Statistical Service show that the number of building permits issued for the construction of residential properties continued to slowdown in July.

Paralimni residents left in the dark

Residents of a housing complex in Paralimni, a town situated in the south east of Cyprus, have been left in the dark after the authorities cut off their illegal electricity supply according to a report in today’s Cyprus Mail on Sunday.

Conor O’Dwyer and his quest for justice

The media in Cyprus and the UK reported on Conor O’Dwyer’s one-man protest outside the Presidential Palace in Nicosia. Mr O’Dwyer has now returned to the UK and has sent us the following letter.

Domestic property sales decline in September

Figures published yesterday by the Department of Lands and Surveys reveal that the number of properties sold in the domestic market is declining in the second half of the year.

Weak recovery in overseas property sales continues

The weak recovery in Cyprus’ overseas property market continued during September with sales during the first nine months of the year up by nearly 3 percent on the numbers sold during the first nine months of 2009.

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