Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday, June 2, 2020

Monthly Archives: April, 2011

Title Deed problems resolved by new bills?

According to Interior Minister Neoclis Sylikiotis the four bills recently approved by parliament will resolve the Island's long-standing Title Deed problem.

Do we want the Iranians or don’t we?

The government may be having second thoughts about its policy of enabling Iranian citizens buying property on the island costing more than €350,000 to be eligible to obtain residency status.

The Cyprus Property Action Group returns

Earlier today, the Cyprus Property Action group launched a new website containing information, advice, and guidance for existing and would-be purchasers of property on the Island.

MEP designates Cyprus a “No Buy Zone”

A Scottish MEP is warning people not to buy property on the Mediterranean island where many of his constituents are being badly stung after not receiving Title Deeds for the properties they have bought.

Interest in Mediterranean property picks up

Potential overseas property buyers in the UK are showing more interest in southern Mediterranean countries with a rise in Internet searches for Ibiza, Sardinia, Portugal, Cyprus and Greece.

New law boost for Cyprus property buyers

Today's Cyprus Weekly carried a report on the new law passed by parliament earlier this month concerning buyers trapped by developers' mortgages.

Buying property in Cyprus information & advice

The British High Commission in Nicosia has updated the information and advice it provides to UK citizens who are planning to purchase property in Cyprus.

Tala homes slipping down hillside

Cyprus has a long experience of landslides and houses damaged by landslips can be seen in Pissouri, Kinousa and Polemi. Fourteen homes in Tala seem to be the latest victims.

Title Deed fight heads to European court

The Cyprus Property Action Group (CPAG) believes that the holding back of Title Deeds contravenes the European Union Directive on unfair commercial practices.

Cyprus housing market stumbles

Compared to other European member states, the housing market in Cyprus performed poorly in 2010, with price falls over the year averaging more than nine percent.

Disappointing drop in Cyprus real estate prices

The fifth issue of the RICS Cyprus Property Price Index show that real estate prices across the Island fell during the fourth quarter of 2010, with house and apartment prices falling by an average of 2.6% and 2.4% respectively.

Remaining planning amnesty bills passed

Yesterday Parliament passed the remaining two ‘town planning amnesty’ bills aimed at tackling the estimated 130,000 properties in Cyprus without Title Deeds.

Is this the worst overseas property market in Europe?

If there was a prize for the worst overseas property market in Europe, Cyprus would be the hands down winner according to Global Edge.

Limassol marina workers start industrial action

Construction workers at the Limassol marina started industrial action today in a row over the use of cheap foreign contract labour, which they claim breaches a contract with their employers.

Is it unreasonable to reject properties without deeds?

Considering the problems experienced by many who have bought a property in Cyprus that has yet to be issued with a Title Deed, is it unreasonable for potential buyers to refuse to buy a property without a Title Deed?

Summary of Cyprus planning amnesty laws revealed

The draughtsman of the original amendments to the Cyprus Immovable Property (Tenure, Registration and Valuation) Law provides a summary of the new laws that were approved by parliament last month.

SNK Venus & SNK Exclusive liquidation proceedings

Buyers of property in Cyprus from SNK Venus Home Developers Ltd and SNK Exclusive Properties Ltd are advised that liquidation proceedings against the companies will be heard in May and June at the Larnaca District Court.

Commission tells Cyprus to lift property restrictions

The European Commission has acted to ensure that EU nationals have unrestricted access to buy a second home in Cyprus.

Alpha Panareti named in MEP question

Alpha Panareti, a Cyprus property developer based in Paphos, has been named in a question raised in the European Parliament by MEP for Scotland George Lyon in connection with EU citizens who have been defrauded by property investment schemes.

Property sales fall for ninth consecutive month

Property sales in Cyprus fell for the ninth consecutive month during March and recorded the largest fall over the past 15 months, heightening fears that the crisis in the real estate sector may be worsening.

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.