Cyprus Property News magazine for overseas buyers & real estate investors

Tuesday 11th August 2020

Patrick Dewhurst

EU seeks answers from Cyprus on Title Deeds

Cyprus has until early January to reply to a memo from the EU following a petition by the Cyprus Property Action Group and 41 MEPs calling for confirmation that withholding Title Deeds breaches EU fair practice laws.

Alpha Bank moves to repossess homes built by Liasides

More than 100 people face losing their homes following applications filed by the Alpha Bank to auction eight plots of land that it mortgaged to bankrupt property developer Yiannis Liasides.

Beating termites & other wood-eating beasties

Termites and other wood-eating pests are a growing problem in Cyprus and while an EU committee has put Cyprus in the red zone for termites, the government is lagging behind the rest of Europe in terms of legislation.

Drug dealing Briton jailed over property fraud

A Cypriot court has sentenced convicted drug dealer and former Teesside rave club owner Gary Robb to ten-months in jail in connection with a case involving the appropriation of Greek Cypriot property, in the northern Turkish occupied areas.

Bar Association’s Disciplinary Board in the dock

Reports of "crooked" lawyers, particularly in Paphos, are widespread; but what hope is there for justice when the Bar Association's Disciplinary Board appears unable to address complaints in a timely manner?

Cyprus Title Deed campaign gathers pace

An estimated 50,000 Cypriot property owners moved closer to getting their Title Deeds this week, after MEPs, British leaders and the European Commission rallied to pressure Cypriot authorities to enforce EU law.

Is help at hand with Title Deeds?

Property firms offer their services to obtain the all-important Title Deed to properties that buyers have purchased; developers and other advise caution, while some criticize them as "preposterous" or "scams".

Cyprus: a concrete jungle

Cyprus is rapidly losing soil through urban sprawl and dominating touristic infrastructure intensity and is under enormous land use pressure according to a recently published EU soil quality report.

‘The end is nigh’ property firm spreads bank fears

Like thousands of others, I received an email from BuySell's sales director advising me that that keeping cash in the bank is too risky and offering to find me a property bargain.

Couple assured of stay of execution

A couple who bought an apartment in Larnaca and faced eviction and repossession by the bank because its developer had defaulted on his mortgage repayments have been assured of a stay of execution.

Developers escape jail sentence in assault case

Cyprus property developers Christoforos Karayiannas, Marios Karayiannas and their associate Charalambous Ttigis have escaped a jail sentence for their brutal attack on British home buyer Conor O’Dwyer in January 2008.

Reprieve for couple in danger of losing their home

The couple who retired to Cyprus and who were deceived into buying an apartment that was already mortgaged have won a reprieve from their misery as no-one bid for their property when it was put up for auction last Sunday.

Title Deed mess leaves couple homeless

A couple who bought an apartment in Cyprus for their retirement face eviction and repossession by the bank as its former owner has defaulted on his mortgage payments.

British couple plan to sue property developer

British couple Janet and Keith Smith are planning to sue their property developer after falling victim to a campaign of harassment that caused untold misery, health problems and further costs which have destroyed their lives.

Corruption in Cyprus is a national problem says EU report

"In Greece, Bulgaria and Cyprus there is almost universal agreement that corruption is a national problem" says damning EU Commission report.

Heavy January rains bring relief from water cuts

Michalis Polynikis, the Cyprus Agriculture Minister, has announced that water cuts will be lifted from today as a result of January’s heavy rains.

Most Read

Small rise in construction of new homes

The Cyprus construction sector staged a slight recovery May falling by just 0.1% compared to May 2019 according to official figures released by the...

Property sales to foreigners continue to fall

The number of Cyprus property sales to foreigners continued to fall in July with numbers down to 36 per cent on the numbers sold in July 2019 according to the Department of Lands and Surveys.

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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