Cyprus Property News magazine for overseas buyers & real estate investors

Sunday, May 31, 2020

Dr Alan Waring

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http://www.awa.demon.co.uk/

Strategic defaulters and sovereign corruption

The government backed Estia scheme enables those who have deliberately defaulted on their housing loans, i.e. strategic defaulters, to apply for mortgage relief but such flagrant fraud ought to warrant criminal investigation.

Recidivism: the curse on Cyprus

Unless the Cyprus government cracks down hard on recidivism in all its forms, an international risk management consultant predicts that Cyprus is likely to hit another 2013 scale financial crisis within five years.

Decline and fall of the demagogues

For a very long time Cyprus has suffered from 'sovereign corruption', but is the mould finally starting to crack as news of those once considered as demagogues are bought to justice.

The troika’s title deeds demands

The MoU agreed between the troika and the government of Cyprus requires that the backlog of Title Deeds waiting to be issued for more than one year is reduced to less than 2,000 by quarter 4 of 2014.

Will the ‘new broom’ sweep clean?

Will the new president of Cyprus, Nicos Anastasiades, persevere and carry through the essential and, in some cases, radical changes that are needed for the country's recovery and long-term sustainability?

Gotcha, Gotchiani!

Good news! One of our occasional contributors, Dr Alan Waring, is finally getting the Title Deeds to the property that he and his wife purchased in Oroklini - a mere eight years after they took delivery.

The Cyprus Property Titanic

The Island's Interior Minister, Neoclis Sylikiotis, has a number of questions to answer in light of applications made by the Alpha Bank to auction eight plots of land that it mortgaged to bankrupt property developer Yiannis Liasides.

Buying property in Cyprus – book review

For anyone wishing to avoid unnecessary heartache and financial loss when buying property in Cyprus, this book is an essential reference - Dr Alan Waring.

Double selling fraud: the O’Dwyer judgement

Cyprus cannot afford to delay any recovery of its property sector and the many scandals require urgent, radical treatment - not a sticking plaster, an aspirin and a hope that the patient will simply recover naturally.

Castles Built on Sand: A lasting solution

Dr Alan Waring looks in more detail at some of the issues relevant to a lasting solution to the Cyprus property problem in a follow-up article to his ‘Castles Built on Sand’ that we published in June.

Why Title Deed legislation cannot work

The Title Deed legislation under discussion by the Cyprus government cannot work because it fails to address several critical factors; it is nothing more than a planning amnesty designed to protect property developers who have broken the law.

Castles Built on Sand

Dr Alan Waring considers the growing problems with the Cyprus property market and wonders where it is heading and if there are ways to prevent the industry from destroying itself.

Bigger and more strident Cyprus campaign group?

The recent writ against Denis O’Hare which led to the closure of the Cyprus Property Action Group website could result in the setting up of a bigger more strident organisation to campaign for the rights of property buyers in Cyprus.

Arrogant developers damaging Cyprus

The arrogance still being shown by developers towards foreign buyers on the Title Deeds issue is scandalous. They don't seem to be aware of just how much lasting damage they have done to the market and to Cyprus.

Cyprus title misdeeds

Property developers in Cyprus are strong-arming the government to do their bidding by holding up the spectre of economic collapse.

Cyprus: Island of love or fraud?

Developers retain Title Deeds for many years and use them (without the express permission or even knowledge of the buyer) as collateral to obtain mortgages. While such mortgages exist, the deeds cannot be issued to the buyer.

The property bubble

IN PARALLEL with the tourist decline, the property boom in Cyprus went into reverse from 2005 onwards. Nevertheless, over that period we have seen countless...

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