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Fifth insolvency bill facing problems

The fifth and final bill of the "insolvency framework" has caused a new rift between the Cyprus government and Troika technocrats, particularly with regard to the proposed treatment of guarantors to bad loans.

Three hundred thousand lost sheep

The Auditor General's report for 2013 states that more than three hundred thousand owners of property in Cyprus cannot be taxed on their property as the Land Registry has no way of knowing who they are.

Immovable Property Tax highs & lows

A month before the deadline for paying Immovable Property Tax expired, the Cyprus government collected in excess of 100 million Euros. However a number of long-standing problems have been highlighted.

Title Deed problems lecture Paphos

A free lecture on the subject of efforts being made to accelerate the issuance of Title Deeds will be held in Paphos on 4th December; the lecture will be followed by an open discussion.

Cowboy Builders investigate British developer

A British developer who turned the dreams of those looking forward to a peaceful retirement in Cyprus into nightmares came under the spotlight in the Channel 5 series 'Cowboy Builders Abroad'.

Developers seek support for large projects

Issues with getting major construction projects underway were discussed on Wednesday by President Anastasiades, ministers and officials and members of the association of major development projects.

Constructive work on title deeds issue

David Lidington the UK Minister for Europe has completed a two-day working visit to Cyprus during which was received by President Anastasiades and met with Ioannis Kasoulides, the Minister of Foreign Affairs.

Problems will continue after property tax shakeup

Significant changes to the way Immovable Property Tax is to be calculated are contained in the island's bailout conditions bringing to an end the use of 1980 values but leaving some problems unsolved.

Families ordered to leave unsafe homes

Families living on the stricken development at Armou, whose homes are continuing to slip down the hillside, have been advised that their properties are unfit for habitation and have been instructed to leave.

Chinese investors eyeing Malta

Delays by the Island's government in completing a proposal for the Chinese company Far Eastern Phoenix (FEP) to redevelop the old Larnaca airport could result in Cyprus missing out on the investment altogether.

Development of Larnaca airport hits problems

A meeting will take place today to view a number of snags relating to the plan to transform the old Larnaca airport into a commercial centre by the Chinese company Far Eastern Phoenix.

Armou resident warns visitors enter at your own risk

As homes on a stricken development in Armou continue to slip and gaping holes appear, one resident has put a warning sign on his gate post warning visitors to enter at their own risk.

Property industry problems to be discussed on Monday

Problems plaguing the Island's property industry will be discussed by the Cyprus Land and Building Developers Association's Annual General Meeting, which is being held at the Nicosia Hilton hotel on Monday.

Armou family told it is not safe to stay in their home

As their home continues to slip down the hillside, a family living in one of the houses on an estate at Armou in Paphos have been told to leave within seven days as it has become unsafe to live there.

Homes at Armou in Paphos continue to slip

The recently built estate of six houses in Armou in Paphos are continuing to slip down the hillside and two of the access roads leading to the development have now become impassable.

Almost one in four properties are co-owned

Twenty four percent of properties in Cyprus, about 274,000, are co-owned of which the majority are located in Famagusta according to information received by MP Ionas Nicolaou of the DISY party.

Perdikis to raise property law deficiencies in House

Cyprus MP George Perdikis is to question the House of Representatives over deficiencies in a law introduced last year that are preventing residents of leasehold properties Harbour Shore Estates at Coral Bay from getting their Title Deeds.

Title Deeds hopes dashed by latest property legislation

Residents of the Harbour Shore Estates at Coral Bay, some of whom have been waiting for their Title Deeds for more than 30 years, have found that the new Specific Performance Law introduced last year may have ruined their chances.

Owners kept in the dark over the future of their homes

Ongoing problems with their Cyprus homes have resulted in one buyer receiving medical treatment for depression and stress and there are fears that a number of homes may be demolished.

Austerity measures will add to property industry woes

The austerity package aimed at bolstering the failing economy unveiled by the government last Wednesday will only add to the chronic problems facing the Island's property industry.

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