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Monthly Archives: November, 2012

News

Cyprus draft bailout conditions leaked

Nigel Howarth -
The draft MoU between the government and the Troika is in the public domain. We summarise the specific points in the Memorandum of Understanding relating to the housing market and immovable property regulation & taxation.
News

Armou families dealt another blow

Jean Christou -
The Cyprus Electricity Authority (EAC) has confirmed that it will cut the power to the homes of those living on the stricken development at Armou in Paphos following an order instructing the families to leave.
News

Families ordered to leave unsafe homes

Bejay Browne -
Families living on the stricken development at Armou, whose homes are continuing to slip down the hillside, have been advised that their properties are unfit for habitation and have been instructed to leave.
Legal Matters

High Court Judgement handed down

Nigel Howarth -
The judgement in the jurisdiction case brought by Brits who purchased property in Cyprus against their Cypriot developer and British agent, was handed down in the High Court on Monday.
Investment

Fitch downgrades Cypriot covered bonds

Alan Lawton -
Following its downgrade of three of the island's banks last Friday, ratings agency Fitch has today downgraded the Bank of Cyprus and the Cyprus Popular Bank's covered bond ratings.
News

EU report into property development

Nigel Howarth -
David Martin MEP, who represents Scotland in Brussels and Strasbourg, has asked the European Commission to outline the conclusions of its report into the practices property developers in Cyprus.

Top Stories

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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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