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19th April 2024
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Yearly Archives: 2012

Property sector will act as a further drag

The island's property sector may be more of a problem for the economy than initially thought as, during the boom years, banks lent considerable amounts of money to property development and housing.

Vanishing Cyprus: banks bailout – the big lie!

One day, it may be necessary for Cyprus to pull out of the euro to regain its social and economic independence as the "one-size-fits-all" policy has not worked for most EU member states.

Property law loophole losing tax revenue millions

Everyone knows that there are massive loopholes in the island's antediluvian property laws. Shouldn't these be plugged before the banks start selling off people's homes as demanded by troika?

Credible counter proposal needed on bank seizures

The government must formulate a credible counter-proposal, aimed at providing a safety net for genuinely hard-up, house-owners as well as those who have paid for their properties and have no title deeds.

Title Deed mess must be considered by troika

Troika wants the banks to repossess homes held against non-performing loans within 18 months, but they cannot do this without taking into account the Title Deed mess that blights thousands of buyers.

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.

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