HomeTagsArticles

Tag: articles

We have not learnt our lesson

George Mouskides, airs his views on some of the issues besetting the Cyprus property market and issues a call to action by the state to deal with these issues before matters get out of hand.

Opinion: Cyprus Title Deed law changes

Will the latest changes to the Cyprus Title Deed laws currently before parliament untie the ‘Gordian Knot’ as the Minister of the Interior has stated they would? Although they will bring relief to some people, it appears that those who have been duped into buying mortgaged property will be left to fend for themselves.

Bigger and more strident Cyprus campaign group?

The recent writ against Denis O’Hare which led to the closure of the Cyprus Property Action Group website could result in the setting up of a bigger more strident organisation to campaign for the rights of property buyers in Cyprus.

Eleven year pursuit of justice takes heavy toll

Following the landmark ruling by the by the Cyprus Supreme Court, Muriel Beaumont gives her account of the couple’s long road to justice in the Cyprus Mail.

A sad day for Cyprus property…

Hundreds of cases of property fraud in Cyprus are swept under the carpet by well-connected developers or their smart-suited lawyers, while civil servants in the know throw their arms up in the air in despair.

Is a property only worth what someone will pay for it?

An in-depth article by Charles Charalambous in the Cyprus Mail looks at the property transfer tax system and the consequences for property buyers resulting from the Land Registry re-assessing the amount tax payable using its own historical data.

Arrogant developers damaging Cyprus

The arrogance still being shown by developers towards foreign buyers on the Title Deeds issue is scandalous. They don't seem to be aware of just how much lasting damage they have done to the market and to Cyprus.

Experts air views on Cyprus property tax

In co-operation with RICS Cyprus, the Cyprus International Institute of Management (CIIM) held an event last Monday on the subject of property tax against a backdrop of the government’s decision to revise the property tax system in Cyprus.

Cyprus legal system has reached crisis point

Legal professionals in Cyprus warn that if changes are not made soon, the courts will be failing in their most basic function, to deliver timely justice.

The Loch Ness monster in Cyprus

The new proposals for the Cyprus laws governing estate agents designed to bring them in line with the Acquis Communautaire are a monster in the making according to Antonis Loizou FRICS.

Can Cyprus benefit from the Irish experience?

The Irish government took effective action to protect homeowners when Ireland’s property bubble burst in 2008. Can Cyprus benefit from Ireland’s experience and protect those who have bought property on the Island or are the vested interests too powerful?

Orams decision could open Pandora’s Box

The Court of Appeal decision requiring the Orams to demolish their house in occupied northern Cyprus could open Pandora's Box enabling Turkish Cypriots to demand compensation for the loss of use of their properties and restitution.

Critics fear impact of Cyprus marina project in Limassol

Critics of one of Cyprus’ largest infrastructure schemes, the luxury marina project at Limassol, have concerns over its financial and environmental impact and fear that it will throw the harbour’s little guys overboard.

Approach to property tax causing confusion

The Cyprus government plans to raise money by adjusting the valuation of real estate, which is still being calculated at 1980 prices, has sparked a political storm that has added to the general confusion surrounding the issue.

Cost of owning a home in Cyprus could rise

The cost of owning a home in Cyprus could increase as a consequence of the package of measures announced yesterday by Interior Minister Charilaos Stavrakis and this may have the effect of further depressing the Island's already beleaguered overseas property market.

Another annus horribilis for Cyprus in 2010

Over the past week, a number of articles have appeared in the Cyprus media that have set alarm bells ringing for what 2010 has in store for the property sector and the Island’s economy.

Top 10 Cyprus news stories in 2009

We have compiled a list of the Top 10 Cyprus news stories from the Property Magazine that have attracted the most interest from readers over the past 12 months. It is perhaps not surprising that the name MacAnthony appears twice in the list.

Title Deed reforms worth millions next year

Based on assumptions about the charges levied for the issue of Title Deeds & expectations of the number of properties that will be processed, Neoclis Sylikiotis believes that the Cyprus Government could receive €160 million next year alone as a result of his reforms.

Title Deed proposals are a recipe for disaster

The Cyprus government Title Deed proposals are a shambles and a recipe for disaster and we are horrified that they have even been considered for the statute book; they are a legal minefield and a social time-bomb - says Professor of Law, Criminology & Penal Justice.

Cyprus Minister confident about Title Deed changes

The Interior Minister of the Republic of Cyprus, Neoclis Sylikiotis, is confident that the proposed Title Deed changes will work according to an interview in today’s Sunday Mail with Charles Charalambous.

Top Stories

Elsewhere in Cyprus Property News