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Twenty year wait for Cyprus Title Deeds

According to a recent on-line poll conducted by Cyprus Property News, one person out of every twenty-two who has bought property on the island has been waiting for their Title Deeds for more than 20 years.
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Cyprus Bar Association rejects Title Deed proposals

There is concern that the amendments will not solve the problem, but add to it. It is therefore our recommendation with all respect, to oppose the three amending bills which will lead us into a labyrinth without solving the problem.
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Larnaca marina project will boost construction sector

One of the largest infrastructure projects ever undertaken in Cyprus, the marina project involves the construction of a port, 1,000-berth marina, hotels and houses and is expected to inject up to one billion Euros into the Cypriot construction industry.
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Cyprus divides industry on Title Deed proposals

The Cypriot government’s proposals for tackling the ongoing Title Deeds issue have split the property industry.
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Title Deed legislation too late for Paphos home ‘owners’

The Cyprus Interior Minister’s insistence that property investment in Cyprus is safe is of little comfort to a number of property buyers in Paphos whose developer has gone into liquidation and who face losing their homes.
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Illegal tourist rentals in Cyprus

Official figures reveal that one third of all tourists arriving in Cyprus stay in unlicensed holiday accommodation. The situation is exacerbated by developers who promote their villas and apartments as being suitable for ‘buy to let’ holiday homes.
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Cyprus slips into recession

According to the latest “flash” estimates from the Statistical Service, Cyprus slipped into a recession during the second quarter of 2009.
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Minister boldly goes where no-one has gone before

Given the poor state of Cyprus’ public finances, the current government is putting much effort into resolving the Title Deed scandal. Whether it will succeed in resolving a problem that’s been around for 30 years or more remains to be seen.
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Has McCarthyism come to Cyprus?

The Cyprus Interior Minister’s conviction that those campaigning for their property rights have ulterior motives is ridiculous. It is inconceivable that a senior government minister could believe such bizarre conspiracy theories about a chronic problem for which the island’s authorities are entirely to blame.
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Expats in Cyprus, tax advantages and domicile

Expats have been misled into believing that if buy a property in Cyprus and retire to the island, they will not be liable for UK Inheritance Tax.
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Prices in Cyprus down & worse to come

Prices and demand for property have been falling across Cyprus since autumn 2008; Limassol is the only town where prices are still moving upwards.
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Cyprus courts in chaos

A letter from a lawyer published in the Cyprus Mail recently suggested that property buyers who had run into difficulties legal with their developer could seek redress through the courts.
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A good time to buy

Over the last three months, prices of property in Cyprus have fallen by around three per cent, which although modest, is part of a trend that will probably be gradual. We should see more of a price reduction in the second quarter.
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State must find a solution for Title Deed mess

The Cyprus Government must find a solution to the Title Deed mess that safeguards the interests of banks, helps developers raise funds and totally ignores the interests of property-buyers.
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HELP – I can’t pay the mortgage!

The worst thing you can do is bury your head in the sand and hope that the problem will somehow go away; it will not. The first thing you must do is discuss the problem with the bank that loaned the money
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Real estate needs to go back to basics

In this time of great economic uncertainty and lack of liquidity, many real estate companies are looking for ways to effectively manage risk, streamline operations, and enhance their business relationships
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Nicosians buy up British holiday homes

Former British holiday homes in Protaras are being bought up by Nicosia residents on steady incomes and who are able to obtain mortgages.
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In Cyprus size does matter!

An inspection of the holiday home by a professional, independent surveyor confirmed that its covered area was more than 15% smaller than its advertised size - this means it had been oversold and overvalued by a figure in excess of €30,000.
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Cyprus Title Deeds: an avenue of hope?

If the property you have bought in Cyprus does not have a separate Title Deed, then you may wait for a long time for its transfer to your name.
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Government inaction over Title Deeds is irresponsible

The Cyprus government's handling of the Title Deed problems could not have been worse. It made promises to interested parties that it could not keep.
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