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Archive for May, 2011

FIABCI world congress gets underway in Paphos

Cyprus is hosting the 62nd world congress of the International Real Estate Federation (FIABCI) which is being held at the Coral Beach Hotel and Resort in Paphos.

Ambitious plans to change the face of Larnaca

The Larnaca town tourism board has announced plans to attract more visitors through a number of significant development projects over the next five years.

State-sponsored fleecing is island-wide

Abuse by the Land Registry Offices brings the whole system into disrepute and fosters cynicism and distrust of the Cyprus government’s regulations and practices.

Moody’s reviews Cyprus banks for possible downgrade

Moody’s Investors Service placed three Cypriot banks on review for a possible downgrade on Friday, citing heightened risks to the banks from their exposure to Greek debt.

CPAG’s Denis O’Hare interview with Rosie Charalambous

Cyprus property action group spokesman Denis O’Hare was interviewed on Cyprus radio channel CyBC 2 by Rosie Charalambous about the Island’s unfair commercial practices law.

Property buyers plan flood of complaints

Thousands of disgruntled property buyers without title deeds plan to flood the Commerce Ministry’s Consumer Protection Service (CPS) with complaints under the Unfair Commercial Practices law.

Ongoing contempt for property purchasers

In a letter to the Sunday Mail a regular commenter wonders what it will take for the Island to clean up its act regarding property purchasers being duped by the nefarious practices of developers, lawyers and banks.

Ball starts rolling on Title Deeds

Following the recently announced passage through parliament of the ‘town planning amnesty bills’, the Cypriot authorities expect to complete an evaluation of properties affected by the end of this month.

‘The end is nigh’ property firm spreads bank fears

Like thousands of others, I received an email from BuySell’s sales director advising me that that keeping cash in the bank is too risky and offering to find me a property bargain.

Residential property construction continues to slow

Following last month’s disappointing sales figures published on Tuesday, the latest figures from the Statistical Service released earlier today offer no encouraging signs of an upturn in the Island’s property and construction sectors.

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