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26th April 2024
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Yearly Archives: 2010

Developers escape jail sentence in assault case

Cyprus property developers Christoforos Karayiannas, Marios Karayiannas and their associate Charalambous Ttigis have escaped a jail sentence for their brutal attack on British home buyer Conor O’Dwyer in January 2008.

Massive implications for property sector & economy

Yesterday’s revelation about the illegal activities could have massive implications for Cyprus’ property sector and the Island’s economy. The Cyprus government may have no option other than to take effective action immediately.

Legal lifeline for Cyprus property buyers

Buyers can challenge purchases affected by developers' mortgages. Once a complaint has been lodged, the Competition & Consumer Protection Service of the Cyprus Commerce Ministry is obliged to investigate.

Paphos developer gets five months behind bars

A property developer in Paphos has been sentenced to five months imprisonment for unpaid tax debts.

State sues O’Dwyer for web site

Police add new twist to property dispute in a case that could raise significant issues concerning the freedom of speech on-line in Cyprus.

Moody’s: Cyprus property market remains a risk area

The Island’s once booming property market “remains a risk area with weak demand and unclear growth prospects” according to Moody’s, the international ratings agency.

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