British police are investigating an Internet scam in which Britons paid morairaway.com and sister websites for non-existent Cyprus holiday villas after adverts appeared on villa rental sites Holiday-Rentals and Holidaylettings.co.uk
BuySell Cyprus Real Estate is suing a UK-based Briton for commission on the sale of his three bedroom house in Peyia even though he managed to sell it to a Greek Cypriot through his own efforts.
A 40-year-old man has been remanded in custody after allegedly obtaining around €2m from his Russian business partner by falsely offering to provide him with acres of land.
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.
Accused of causing grievous bodily harm to Conor O'Dwyer, property developer Christoforos Karayiannas and others appeared in the Famagusta District Court yesterday
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.
This scam is endemic throughout the island; it's harming people's lives. The government is aware of it and so are the police. Why are they refusing to act?
A major problem has been created by greedy property developers who insist on claiming cancellation fees from purchasers. The developers try to take advantage of buyers who wish to re-sell property purchased without a separate title deed.
The tribunal were appalled to hear of the Company's misleading business practices, including unfulfilled promises of guaranteed rental returns and misleading descriptions of the facilities that would be available to owners.
The Immovable Property Tax law based on 1980 values is to most foreigners a very confusing concept which has no parallel in other EU countries. Relying on this confusion, developers ensnare and contain clients in the Title Deed trap.
