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25th April 2024
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‘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.
News

Pay your developer’s debts or else!

People who bought property from the company operating the Froiber brand in Cyprus (A&G Property Wise Development Ltd) that went into liquidation last year are being chased by the banks and the tax authorities to repay the developer’s debts - or else!
News

E-Clear collapse linked to Cyprus development company

Investigators have learnt of a possible link between that collapse of the credit card company E-Clear and a property development company in Cyprus.
News

Cyprus overseas property market collapse

Figures issued earlier today by the Cyprus Department of Lands and Surveys reveal that the Island’s overseas property market collapsed in 2009 with a mere 1,761 properties being sold to non-Cypriot buyers during the year.
News

Tax revenues slump, deficit increases

According to reports, Cyprus tax revenues slumped during January - November 2009 and the fiscal deficit increased to more than 3% of the island's Gross Domestic Product, which means total losses during the period exceed €500 million.
News

Property sales to non-Cypriots improve slightly

Compared to previous months, the number of non-Cypriots buying property in November improved slightly. But as December is normally the quietest month for property sales, it seems unlikely that the total number of properties sold to foreigners will exceed 1,900 this year.
News

Situation is critical says Cyprus Central Bank governor

Long term reforms are urgently needed to buffer the critical economic problems plaguing the island, the governor of the Cyprus Central Bank said yesterday.
News

Built on greed and nepotism says Cyprus protester

The property industry in Cyprus is built on greed and nepotism. The developers borrow money from the bank using people’s homes as collateral and the banks and lawyers are part of the deception. I have proof that my home has been mortgaged by my developer.

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Established in 2004, Cyprus Property News is the Island’s leading on-line resource for overseas home buyers and property investors.

Owned, funded and operated independently, we provide the latest news and analysis of events shaping the property market and offer opinion and guidance on purchasing real estate. 

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The mission of Cyprus Property News is to provide anyone looking to buy property in Cyprus with up-to-date factual information, without the usual marketing hyperbole and exaggerated claims, to help their buying decisions and to help them avoid making costly mistakes.

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