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24th April 2024
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Yearly Archives: 2010

Why Title Deed legislation cannot work

The Title Deed legislation under discussion by the Cyprus government cannot work because it fails to address several critical factors; it is nothing more than a planning amnesty designed to protect property developers who have broken the law.

Tax hikes to cut budget deficit

The Cyprus Finance Ministry has proposed taxes on banks, companies, properties and basic consumer goods to plug a €150 million hole and keep the budget deficit for 2011 within the limits set by the European Union.

Residential building permits fall in June

The recession in the Cyprus construction continues to bite with the number of building permits issued for the construction of residential properties in June 2010 down almost 44 percent on the number issued during the corresponding period last year.

Title Deeds legislation edges closer

The long awaited and often criticised bills designed to tackle the Title Deed fiasco and bring relief to the many thousands of buyers who have been waiting for many years could be implemented in the next couple of months.

Price falls slowed in Quarter 2 2010

Cyprus property prices fell at a slower pace during the second quarter of 2010 with Cypriot buyers starting to return to the market according to the recently published RICS Cyprus property price index.

Pay your developer’s debts or else!

People who bought property from the company operating the Froiber brand in Cyprus (A&G Property Wise Development Ltd) that went into liquidation last year are being chased by the banks and the tax authorities to repay the developer’s debts - or else!

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