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Monthly Archives: June, 2015

News

Shed a tear for the whinging banks

Editorial -
The Cypriot banks that failed to manage property developers' loans are whinging that they cannot be held responsible for developers using the money they received from house sales for some other purpose.
News

Insolvency action plan

Nigel Howarth -
Cyprus' action plan for implementing the insolvency framework will soon be completed and is expected to be submitted to the troika of international lenders around the beginning of July.
Articles

Betrayed by the fourth estate

Pavlos Loizou MRICS VRS -
The Fourth Estate, typically the independent press or media, has betrayed us all enabling the First and Second estates, the elite, to run unchecked, as he Third became increasingly self-centred.
News

Property transfer fee reduction

Staff Reporter -
A 50 per cent reduction in the Property Transfer Fees is being considered by government to help clear the Title Deed backlog as part of the changes designed to rationalise property taxation.
News

Cabinet approves hidden mortgages bill

Nigel Howarth -
Interior Minister Socrates Hasikos has announced that the basis of the bill to resolve the 'hidden mortgages' problem that prevents thousands obtaining Title Deeds to the property they purchased has been agreed by the Cabinet.
News

Cyprus property sales falter in May

Nigel Howarth -
The number of properties sold in Cyprus during May fell compared with the numbers sold in May 2014 with sales falling in all districts; the first monthly drop in sales since November last year.

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