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Common expenses & insurance in Cyprus

Those buying apartments in Cyprus and some other types of property often fail to appreciate that they are required to contribute towards the costs of insuring, maintaining and repairing those parts of the building/complex that they share with others.
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Cyprus at number seven in Top of the Props

The popularity of Cyprus as a destination for overseas property investment has increased according to the July Top of the Props chart published by themovechannel.com and a second survey published by homesoverseas.com
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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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The end of Cyprus’ remarkable real estate boom

The amazing Cyprus real estate boom is over. The weak pound and the UK economic problems have prompted potential British buyers, who account for 70% of overseas property sales, to look elsewhere according to a report by the influential Global Property Guide.
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Desalination plant at Episkopi

Plans for a further desalination plant in Cyprus got underway last Friday when an agreement was signed for the construction of a unit at Episkopi that will deliver 40,000 cubic metres of water a day to Limassol.
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Number 10 replies to Cyprus petitioners

More than 2,000 people added their names to a UK Government’s Number 10 e-petition urging the Prime Minister to exert pressure on the Government of Cyprus to protect property rights.
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Less than one in five has Title Deeds

According to a recent on-line poll conducted by the Cyprus Property News, less that one in five of those who have bought property on the island have their Title Deeds.
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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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Cyprus law reforms are not a cure-all

The legal reforms proposed by the Cyprus Interior Minister Neoclis Sylikiotis are not a cure-all solution to the many Title Deed problems. Those who have been deceived into buying mortgaged property will continue to remain at risk unless the Government acts to protect their interests.
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Proposals to untie the Gordian knot

Proposed changes to Cyprus’ antiquated property laws may help existing buyers obtain Title Deeds to properties that have been built illegally But they contain nothing to help those who have been duped into buying mortgaged property and those whose Title Deeds are being held to ransom by unscrupulous property developers.
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Cyprus Interior Minister’s Statement on Title Deeds

Effective and comprehensive measures are introduced to solve the problem of Title Deeds in Cyprus - Minister of the Interior Mr Neoclis Sylikiotis - 22nd July, 2009
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Cyprus market at risk from unsold houses

The ever increasing number of unsold apartments and houses in Cyprus is placing a heavy financial burden on the developers. As well as having to service their mortgages, developers have to pay for the maintenance and upkeep of their unsold properties.
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Details of Title Deed proposals to be announced

The Cyprus Interior Minister will announce details of the proposals to resolve the problems with issuing Title Deeds within the next two months, according to a report in the local press.
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Sea caves destroyed by developer

Developers in Cyprus are causing irreparable damage to the natural environment and seem intent on destroying the very reasons people come to live on the island in their endless quest for money.
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O’Dwyer assault case drags on into sixth month

Cyprus Interior Minister Neoclis Sylikiotis suggests that property buyers should take developers to court if they believe they are acting illegally. As the case involving the alleged assault on Conor O’Dwyer clearly demonstrates, the Cyprus justice system is unfit for purpose!
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Cyprus government in incestuous relationships

In Cyprus, developers can truly be regarded as a 'protected species', one that the Cyprus government is prepared to protect to the last; not least because of the incestuous financial relationships they together enjoy.
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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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Cyprus slips to seventh place

The popularity of Cyprus amongst those searching for overseas property slipped two places last month moving it behind Turkey and Italy in the list of the top 10 overseas property searches on the PropertyAbroad.com website.
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Cyprus bank loans, deposits and liquidity

Over the past year, Cyprus banks granted loans valued at more than more than three times the amount they received in deposits according to figures released by the Central Bank of Cyprus.
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Cyprus sale achieves €8.8 million

Brave property investors exchanged shares valued at €8.8 million for Cyprus holiday homes. Although somewhat less than the sales target of €50 million, Dolphin MD declared the shares-for-property swap programme a success.
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