Cyprus Property News magazine for overseas buyers & real estate investors

Saturday 11th July 2020

Monthly Archives: October, 2012

How much do Title Deeds cost?

I am often asked the question "how much do Title Deeds cost and are they worth the expense?"; there is much confusion particularly amongst buyers from overseas who may not appreciate the benefits.

Homeowners need protection from troika proposals

Troika's proposal to accelerate loan recovery by the banks could spell disaster for many home buyers; they could lose their homes within 18 months even though they may have paid for them in full.

Slump in construction activity continues

The Cyprus construction industry's slump continued in July with building permit numbers rising slightly compared to July last year, according to the latest figures from the Cyprus Statistical Service.

High-ranking officials accused of abusing state housing

A Cypriot MP has said that government housing in Troodos is being "scandalously" abused by high-ranking state officials, while some properties have been sub-let to the private sector at 'outrageously low' rates.

Is litigation the answer?

Will a protracted legal battle against the Alpha Bank in Cyprus concerning the alleged mis-selling of Swiss Franc mortgages achieve a positive result or can more be achieved through negotiation?

Moody’s slashes Cyprus government bond ratings

Yesterday Moody's Investors Service downgraded Cyprus' bond ratings three notches further into junk territory and it's ratings on three Cypriot banks citing "profound difficulties" in the island's banking sector.

Government hunts property fraudsters in Switzerland

Undeclared deposits held by Cypriots in Switzerland relating to a property fraud scheme and the stock exchange scandal are being targeted by the government as part of its crack down on tax evaders.

Government tax hike will hit small home owners

Contrary to assurances given to the media by the Interior Minister Eleni Mavrou that small home owners would not be hit by increases in property taxes, government plans tell a different story.

No let-up in catastrophic sales downturn

September sales figures from the Cyprus Department of Lands and Surveys show that the number of properties sold across the island continues to fall with overall sales declining by more than a quarter.

Are we about to meet our NAMAsis?

One of the key suggestions in the Troika's draft proposals for Cyprus is the establishment of an Asset Management Company along the lines of NAMA - Ireland's National Management Agency.

Cyprus real estate: Is PAMELA coming for a visit?

If the Troika's bailout conditions for Cyprus are implemented, what will be the impact on the island's real estate market? Will we achieve PAMELA, the Proper Asset Management of Estates, Loans and other Assets?

Discrimination against non-Cypriot estate agents

The European Commission considers the conditions that non-Cypriots EU citizens must fulfil to be included in the registry of real estate agents in Cyprus discriminates against them and do not conform with EU law

Cyprus protest at Birmingham property exhibition

Visitors to 'A Place in the Sun' exhibition at the NEC Birmingham were greeted by a protest group raising awareness of the potential problems associated with buying property in Cyprus.

Most Read

Cyprus’ largest ever housing project will help low-income families

Limassol municipality and the Land Development Corporation (KOAG) reached an official agreement on Thursday regarding the establishment of the largest housing project ever undertaken in Cyprus, worth €100 million.

Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Cyprus house price index up 2.5 per cent

The Cyprus house price index rose by an average of 2.5 per cent in the first quarter of 2020 compared to the previous quarter according to official figures from the Cyprus Statistical Service (CYSTAT)

MPs commit to expedite citizenship bills

MPs have committed to expediting the bills and regulations aimed at improving the transparency of the citizenship-by-investment programme, so that the items can be voted on before the House breaks for the summer recess.