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MEP designates Cyprus a “No Buy Zone”

A Scottish MEP is warning people not to buy property on the Mediterranean island where many of his constituents are being badly stung after not receiving Title Deeds for the properties they have bought.
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Tala homes slipping down hillside

Cyprus has a long experience of landslides and houses damaged by landslips can be seen in Pissouri, Kinousa and Polemi. Fourteen homes in Tala seem to be the latest victims.
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St George coastal works under scrutiny

The Green Party and Peyia councillor Linda Leblanc are concerned that the pristine St. George coast north of Paphos is being destroyed by development.
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Concrete workers set to strike on Monday

An indefinite strike by the Cyprus Ready Mixed Concrete Association is planned to start tomorrow following a decision taken at an extraordinary general meeting last Thursday.
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Minister stresses need for Title Deed solution

Speaking recently in Paphos, Cyprus Interior Minister Neoclis Sylikiotis stressed the need to resolve the withheld Title Deed issue and restore the Islands' damaged reputation as a sound place for property investment.
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Title Deed bills run into problems

The passage of two of the five bills designed to resolve the Title Deed nightmare have been delayed by a number of questions raised during recent discussions.
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Overseas property market recovering despite problems

The Cyprus overseas property market is showing signs of recovery in spite of its problems, with sales to non-Cypriot buyers up fifteen percent in 2010 compared with 2009.
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Laws to iron out problems with Title Deeds

Parliament is currently in the process of preparing a law in cooperation with the government and banks that will put an end to the current Title Deeds system that has left hundreds of home buyers at the mercy of debt-riddled developers.
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Government needs to take urgent action

The Cyprus government has been urged to take “decisive steps to eliminate delays related to the issuing of title deeds,” to focus hard on reviving the island’s overseas property sector, and to avoid increasing local property taxes.
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Developers meet with Central Bank Governor

The Cyprus Land and Building Developers Association has met with the Central Bank to discuss financing problems and the Title Deed legislation currently before a Parliamentary Committee.
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MEP Alyn Smith asks Cyprus president to help

In a letter to the President of Cyprus, Demetris Christofias, MEP for Scotland Alyn Smith asks if an impartial ombudsman or foreign investor advice service could be established to deal with the many property issues.
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Home buyers may lose their properties

Some forty property buyers in Cyprus may be left at the mercy of the bank and face the prospect of losing their homes following a move to liquidate a property developer with debts of around €3 million.
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Title Deed law changes delayed

The Cyprus government has been unsuccessful in its attempt to introduce the five bills designed to accelerate the issue of Title Deeds by the end of the parliamentary session. Talks on their substance will continue after the summer recess.
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British couple plan to sue property developer

British couple Janet and Keith Smith are planning to sue their property developer after falling victim to a campaign of harassment that caused untold misery, health problems and further costs which have destroyed their lives.
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Legal system and property rights under EU scrutiny

Once again, the Cyprus legal system and consumers' property rights are about to come under the scrutiny of the European Union following a written question to the European Parliament raised by Scottish MEP Alyn Smith.
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Revised Title Deed legislation hits snag

The much-anticipated bills to resolve the Title Deed issues have hit a snag, after it emerged yesterday that not all concerned had been properly consulted during the preparation of the legislation.
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Changes to Cyprus Title Deed laws revealed

A senior Department of Lands and Surveys official has revealed the changes to the laws of Cyprus designed to untie the ‘Gordian Knot’ preventing the issue of some 130,000 Title Deeds to properties on the island.
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Developers warn of layoffs

Around 600 staff from Cypriot development company Alpha Panareti held a protest outside the Paphos town hall over bureaucratic delays in government departments that could result in staff layoffs.
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Ministers to examine property tax in Cyprus

The Cyprus Interior and Finance Ministers are to examine different scenarios for revising property taxes designed to increase the inflow of revenue into state coffers.
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Recovery plan for struggling Britons in Cyprus

Financial services group Marcus James has launched a recovery scheme for Cyprus that offers to take properties off the hands of struggling Britons who can no longer afford their mortgage repayments.
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