The Pissouri Housing Initiative Group (PHIG) have issued a news release 'No more mockery, it's a landslide', in response to the Auditor-General's comments that the state had no obligation to compensate homeowners.
Over the past week a number of news reports concerning property in Cyprus have appeared in the local media about non-performing loans (NPLs), recent property deals and the bank of Cyprus.
Currently ranked number one by Internet search engines Google, Yahoo and Bing, the Cyprus Property News magazine recently welcomed its one millionth visitor.
More than 50% of those who voted in a recent poll conducted by the Cyprus Property Magazine believe that real estate prices will fall by more than 10% during 2009.
