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Bank of Cyprus to cut mortgage rate

The Bank of Cyprus will cut its base mortgage rate by 1% in early June, bringing it down to 4.25%. However, overseas property investors may not benefit from the rate cut as it will only apply to mortgages
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Cyprus could suffer as EU monitors deeds fiasco

Despite an assurance by the government that an end to the title deeds shambles is in sight, many desperate home buyers are putting their faith in the EU in an effort to safeguard their properties.
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Cyprus property exchange schemes target UK homeowners

There's a very real possibility that you could end up buying a property being blissfully unaware that it's mortgaged; you'll only discover this later, when you come to sell the property or when the bank comes knocking on the door to repossess it because the developer has not repaid the loan.
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UK updates travel advice

The UK Foreign & Commonwealth Office is advising Britons visiting Cyprus that "there are risks involved with purchasing property on the island of Cyprus" and that those contemplating buying property
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Cyprus property sales continue to fall

According to the latest Cyprus Land Registry figures, the number of contracts for the sale of property fell by almost 55% in April this year compared to last.
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Cyprus developer appears in court

Accused of causing grievous bodily harm to Conor O'Dwyer, property developer Christoforos Karayiannas and others appeared in the Famagusta District Court yesterday
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EU court rules: Orams must demolish Cyprus house

The European Court of Justice has ruled that a judgement from the Republic of Cyprus ordering Linda and David Orams to demolish their house must be recognized by EU countries even if it concerns land in the occupied areas of the island.
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Cyprus property action group – update

The Cyprus Government is responsible for the lack of regulation and law enforcement in the property sector must now take full blame for any bad publicity resulting from their abject failure to act.
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Cyprus rent increase ceiling lowered

A decision by the Council of Ministers has lowered the ceiling on rent increases. The Cyprus Land and Property Owners Association (KSIA) said this was an unfair decision and one that the government had not discussed with the association.
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Row erupts over Dolphin payout to Aristo

Dolphin Capital said it would pay €50 million in cash and the balance of €42.7 million through the issue of 133.1 million shares in Dolphin Capital to Aristodimou or his companies, based on an issue price of 30 pence a share.
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Property tax revenues crash

The amount of Capital Gains Tax collected, the majority of which results from the sale of property, crashed to just €15.1 million from the €90.1 million collected during the same period last year; a drop of more than €75 million
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Home prices in Cyprus fall

THE latest BuySell Home Price Index indicates that the average price of a property in Cyprus fell during the first quarter of 2009. However, the BuySell figures conflict
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Supreme Court rules town planning council illegal

The Court's ruling has created chaos in the Cyprus property market causing prices to collapse in many areas.
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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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Cyprus building permits Jan 2009

According to the latest figures on building permits, published by the Cyprus Statistical Service, investment activity in the construction sector is showing signs of recovery.
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Has the Cyprus government misled us?

The truth was revealed at a Title Deed seminar organised by the Cyprus Property Action Group (CPAG) at the Elysium Hotel in Paphos last Thursday.
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Cyprus title misdeeds

Property developers in Cyprus are strong-arming the government to do their bidding by holding up the spectre of economic collapse.
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Cyprus offering too little too late for Ryanair

"The urgency being shown by competing countries doesn't seem to be shared by Cyprus. We could have been flying tourists in before the crisis broke."
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Cyprus popularity declines with British holiday home buyers

Cyprus' popularity amongst overseas property investors from Britain is in decline according to reports from the overseas property portal PropertyIndex.com
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