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Monthly Archives: May, 2012

News

Fraudulent property scheme of biblical proportions

Editorial -
British home buyers have filed a class action against the 'Turkish Republic of Northern Cyprus' and the HSBC claiming they are victims of a fraudulent property scheme of biblical proportions.
Articles

With value gone out the window, liquidity is the key

Pavlos Loizou MRICS VRS -
Although the Central Bank's Property Price Index shows a fall in residential property prices of 8.3 percent over the past two years, anecdotal evidence suggests that the decrease is at least double this figure.
Articles

Now the storm has broken

Dr Savvas Savouri -
Even now with irrefutable evidence that property prices are falling at a quickening pace across the island, one senses a sanguine mood that something will soon interrupt the decline.
News

Tax incentives expanded and extended

Nigel Howarth -
The government has expanded the 5 percent VAT payable on new homes used as primary residences to include non-EU citizens and has extended the Property Transfer Fee reduction/suspension until the end of the year.
Investment

Fitch places three top banks on rating watch negative

Nigel Howarth -
International ratings agency Fitch has placed the Island's top three commercial banks on rating watch negative meaning that they could be downgraded in the near future as they remain highly sensitive to events in Greece.
Investment

Luxury real estate market resists crisis

Nigel Howarth -
The Cyprus Residential Development Prime market report 2012 by international property consultancy firm Frank Knight says that demand for the very top-end of the real estate market has remained strong.

Top Stories

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