Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 6th August 2020
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Expats to give evidence to MRI investigation in Spain

More than fifty expatriates from England and Ireland have been summonsed to appear in court in the Spanish town of Marbella to give evidence against property millionaire Darragh MacAnthony the former boss of MRI.

Holiday homes bosses accused of huge swindle

The founder and top executives behind former holiday home giant MRI face legal action in Spain after hundreds of Britons allegedly lost money estimated to amount to £13 million.

MRI clients in Cyprus – no furniture, no refund

MRI clients, who bought apartments in Cyprus, say that furniture “packs” costing an average of €15,000 per apartment had still not been delivered months, in some cases years, after they were due.

Top 10 Cyprus news stories in 2009

We have compiled a list of the Top 10 Cyprus news stories from the Property Magazine that have attracted the most interest from readers over the past 12 months. It is perhaps not surprising that the name MacAnthony appears twice in the list.

MacAnthony appeals rejected by NFOPP

The National Federation of Property Professionals (NFOPP) has rejected appeals made on behalf of Darragh MacAnthony by Dominic Pickering, the new CEO of MRI...

Cyprus and MacAnthony Realty International (MRI)

Ending speculation on various trade and investor blogs, the new CEO of MRI Overseas Property, Dominic Pickering, has outlined the company's plans to focus on construction in 2009.

MacAnthony malpractice judgement by NFOPP

The tribunal were appalled to hear of the Company's misleading business practices, including unfulfilled promises of guaranteed rental returns and misleading descriptions of the facilities that would be available to owners.

Property Inspection Trips: The Pros and Cons

There is value in seeing developments for yourself, but only if you are not pressured to put down a deposit straight away and you...

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Property sales in Cyprus improving

The number of property sales in Cyprus is improving following the government's decision to introduce an interest rate subsidy for new housing loans granted from 1st March 2020 until 31st December 2020.

Tender awarded for Larnaca port and marina

The tender to develop the Larnaca port and marina has been awarded to Eldeman Holding BV and Alexandrou Corporate Services, comprised of Israeli and Cypriot interests.

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