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Questions re-tabled in House of Lords

On 14 November we reported that Lord Jones of Cheltenham had tabled two written questions in the House of Lords concerning the many problems being experienced by British citizens who have bought property in Cyprus; both questions were due for an answer by 27 November. However, as HMG has yet to reply to those questions, […]

Larnaca, Paphos and Limassol marinas delayed

ACCORDING to reports in the local press work on three new marinas in Cyprus has been delayed. The marinas affected are in Larnaca, Paphos and Limassol. In July it was announced that the contract for the Larnaca marina had been awarded to the Zenon Consortium. Following this announcement objections were raised by the unsuccessful bidders […]

Protest by Limassol property developers in crisis

A PROTEST by Limassol property developers against the increased bank interest rates this week revealed just how concerned some professionals in the real estate sector have become. Even more worrying for developers, however, is that Cyprus banks have almost stopped giving out loans to property buyers. This has reduced demand for houses, while their availability […]

Heat turned up on Cyprus to resolve property problems

THE HEAT is being turned up on the Cyprus Government to resolve the long-standing “Title Deeds-cum-fraud mess“. As the financial crisis bites ever deeper, buyers are getting increasingly worried and angry at the seeming lack of progress being made by the Cyprus Government. Although it promised “an arsenal of weapons against unscrupulous property developers” more […]

Cyprus property association president on the record

EARLIER this week George Strovolides, president of the Cyprus Land & Property Owners Association (KSIA), was interviewed by Rosie Charalambous on CYBC Radio 2. With so many banks and builders in trouble, are we going to see such a slowdown in the construction sector that some of the mortgages held by banks will claimed if […]

Cyprus property owners association calls for action

THE Cyprus Association of Property Owners (KSIA) has added its voice to those calling on Government to resolve the Title Deed problems. Speaking yesterday at the Annual General Meeting of KSIA its president, George Strovolides, said that the problem is serious with more than 100,000 people without Title Deeds. “This unresolved issue is dangerous and […]

British MPs and MEPs take up title deeds crusade

BRITISH MPs and MEPs have expressed their shock and concern over the title deeds scandal in Cyprus, and some have already taken the issue up with the government and the EU. “I find the accounts, which I have received of this chain of events scarcely credible,” said Nigel Farage MEP, the leader of the UK […]

British MEPs question Cyprus in Brussels

BRITISH citizens campaigning for their property rights in Cyprus are receiving support from their European Members of Parliament. Many have written to their MEPs asking them to put pressure on the Cypriot Government to act. The following letter was received today from Roger Helmer, MEP for Derbyshire, Lincolnshire, Leicestershire & Rutland, Nottinghamshire and Northamptonshire. Addressed […]

Please be patient, we are doing our best!

INTERIOR Minister Neoclis Sylikiotis has asked for patience over the issue of withheld Title Deeds as pressure mounts for the Government to take action. Mr Sylikiotis announcement was in response to a report that Lord Jones of Cheltenham had tabled two written questions in the British House of Lords on the problem; replies to which […]

20,000 Cyprus property industry workers face job losses

THE president of the Cyprus Construction Association, Sotos Lois, has said that 20,000 workers in the property industry may lose their jobs. Sotos Lois warned that if forecasts of a 40% drop in construction sector activity prove to be true, lay-offs could not be avoided. At a press conference today, he noted that sackings in […]

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