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All reports tagged with: "warning"

Conor O’Dwyer stages UK protest

BRITISH home buyer Conor O’Dwyer will begin a three-day protest outside one Britain’s biggest property fairs in a move that could seriously damage the lucrative industry in Cyprus. O’Dwyer, 38, told the Cyprus Mail yesterday that he and his wife would protest outside The Homebuyer & Property Investor Show at ExCeL in London, which begins […]

Immovable Property Tax scam warning

THERE have been many reported scams where property developers demand ‘Immovable Property Tax’ from property buyers. But rather than being based on the assessed 1980 value of the property as prescribed by law, these property developers base their illegal calculations on the price the buyer has paid for a property (the contract sum) as shown […]

Wealth Warning

Acting on impulse can seriously damage your wealth Many people visiting Cyprus fall in love with the island and immediately go on a property buying spree. It’s as if they put on their ‘holiday heads’ when they step off the plane throwing common sense and caution to the wind. Added to this the different business […]

Title Deed trap and the emergence of self-help groups

The Politics of Homeownership and Title Deeds (1) We have been consistent in explaining, and drawing attention to the sorry state of affairs which exist regarding the matter of homeownership and the issue of title deeds. Recent developments in the field and concerns expressed from readers merit a return to this topic by taking a […]

Cyprus property fraud?

We bought a resale property in Cyprus near Ayia Napa just over a year ago with full Title Deeds and used an independent lawyer in Larnaca. Before we signed the contract, he told us that he’s checked things out with the Land Registry and everything was OK and after we’d signed the contract he lodged […]

Property Buyers Warning

There are many retired Britons living in Cyprus who prey on the fears (and wallets) of their fellow countrymen. Acting illegally as property middlemen, they receive a finders fee or commission from their ‘friends’ in the property business when they introduce would-be purchasers. It makes no difference whether you allow yourself to be conned by […]

Structural and Routine Defects

It is normal when someone acquires new property that he gets a guarantee for defects for a period of 12 months after delivery. Although not stipulated, in most/all contracts, the Cyprus common law sets out that the developer is liable for ever for the structural stability of a building (other things being equal e.g. earthquake, […]

Warnings for Overseas Property Investors

Investors looking to buy a property abroad are being warned to ignore the hype and look out for dodgy paperwork by overseas property experts. Property Secrets say UK buyers are still making “fundamental mistakes” when investing in a property abroad. “The perception that a property located near to a beach equals a safe and profitable […]

When a Place in the Sun Becomes a Place in the Mud

OVER the past month of torrential rain, one could be forgiven for thinking the west coast of Cyprus is literally sliding away under the weight of a development boom. The death of a couple, swept over a bridge by a flash flood on Monday, has highlighted a problem that many have been warning about for […]

We Cannot Mess with the Environment with Impunity

THE TORRENTIAL rain that has hit the Paphos district several times over the past few weeks has caused a host of problems ranging from mudslides to flash floods, which on Monday resulted in human tragedy. There had been warning signs just over a couple of weeks ago, when tourists holidaying at Coral Bay were lucky […]

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