Tag: problems

MRI clients, who bought apartments in Cyprus, say that furniture “packs” costing an average of €15,000 per apartment had still not been delivered months, in some cases years, after they were due.

The scale of the recession's damage to the overseas property market in Cyprus has been revealed by official figures that show an 84% drop in sales to non-Cypriots since peak.

The Interior and Finance Ministers of Cyprus are meeting today to discuss the technical issues involved in implementing the recently announced proposals for reassessing the Island’s property tax rates.

Charilaos Stavrakis, the Cyprus Finance Minister has presented a package of measures which include raising 80 to 100 million Euros from taxes on property next year as part of the Government’s overall plans to get the Cyprus economy back on track.

The case of a divorced young woman reported in the Cyprus Weekly casts serious doubt on the Interior Minister’s assertion that it is not a simple matter for a bank to liquidate a property to recover a debt in Cyprus.

In the Paphos district of Cyprus severe flooding has occurred in many homes built illegally on dry river and stream beds, ravines and rubble-filled gullies causing their owners major problems and heartache during the heavy winter rains.

The Chairman of the Cyprus Contractors Federation, Sotos Lois, fears that unemployment in the construction industry could rise to 20,000 next year.

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

The Cyprus Government was 'economical with the truth' when it assured the UK Government that it intended to introduce a Bill to address the Title Deed issue affecting thousands of Brits who have invested in property on the island.

Further confirmation that the Cyprus property and construction sectors are facing serious problems came today with the release of domestic sales figures for cement by the Cyprus Statistical Service (CYSTAT).

Having taken delivery of a new property, some buyers discover they have problems. This article has been by Louise Zambartas, a dual qualified English Solicitor and Cyprus Advocate, advising people what do do if they find themselves in this situation.