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20th April 2024
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Yearly Archives: 2011

News

November property sales hit 35 month low

Nigel Howarth -
The number of properties bought and sold in November hit a 35 month low according to the latest figures from the Department of Lands and Surveys amid the worsening economic situation, record levels of unemployment and lack of liquidity.
News

Petition to stop Alpha Bank repossessing homes

Nigel Howarth -
A petition has been launched calling on the Interior Ministry and the Land Registry to reject any application made by the Alpha Bank to auction land to recover money owed to it by the bankrupt developer Yiannis Liasides.
News

Transfer fee abolition/reduction law published at last!

Nigel Howarth -
After nearly a month since MPs voted unanimously to abolish/reduce Property Transfer Fees for a period of six months, the amended law has finally been published in the Cyprus Government Gazette.
News

Alpha Bank moves to repossess homes built by Liasides

Patrick Dewhurst -
More than 100 people face losing their homes following applications filed by the Alpha Bank to auction eight plots of land that it mortgaged to bankrupt property developer Yiannis Liasides.
Articles

Cyprus: A country in denial and a scandalous political leadership

Harris A. Samaras -
Despite frequent warnings from the market, the ECB and the Cyprus Central Bank and repeated downgrades by the credit ratings agencies, Cyprus and its political leadership remain in denial.
News

Title deeds are key to restoring market confidence

Nigel Howarth -
When asked our readers their opinion on the most important factor in getting the Cyprus property market back on its feet, more than half replied that Title Deeds should be readily available on delivery of a property.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

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