Cyprus Property News for home buyers and real estate investors

Tuesday 19th October 2021
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Property Scams

Limassol man duped in house sale

A Limassol man paid €60,000 over the internet for a house in Cyprus, which turned out to be a fraud, police said on Saturday. The...

Apartment residents living on the edge

Residents in a hilltop apartment building in Germasogeia, Limassol are living in fear that their complex could collapse at any moment. The developer who built...

Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Chinese targeted by property scammers

Scammers in Paphos claiming to be middlemen of major developers have taken money from a Chinese woman who subsequently discovered that the land she had paid for did not belong to the seller.

Chinese buyers scammed

Several dozen Chinese families buying property Cyprus have reported being scammed by unlicensed real estate agents who take advantage of foreign buyers according to Marinos Kynegirou.

Fraudsters target property sellers

People selling property in Cyprus are being targeted by fraudsters claiming to be from a company called 'Prime Consortium' who are trying to obtain their bank account details in return for a 10 per cent deposit.

False Immovable Property Tax declarations

There is evidence that a property developer has made false Immovable Property Tax declarations to the authorities, which has resulted in his customers receiving IPT notices from the Inland Revenue.

Refunding developers’ Immovable Property Tax

Over the past few of weeks we have received literally dozens of emails from people who have received unreasonable demands for Immovable Property Tax (IPT) from their developers.

More arrests in property scam

Communist party AKEL has become embroiled in a property scam following the arrest of two members of its politburo alleged to have been involved the sale of Turkish Cypriot owned land.

Property scam leaves families with no home

A number of families who bought land in Fasoula and paid for properties to be built have been left with no homes as the contractor and property development companies have closed.

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