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Update............ Sharp fall in demand for property Published on May 17, 2013 THERE has been a sharp drop in the demand for property in all towns except Paphos it emerged yesterday. According to data released by the land registry, 285 sale deeds were filed in April compared to 461 filed...

Property valuers suspend work as price falls loom By Tom Bill Published on March 27, 2013 PROPERTY valuers in Cyprus have suspended work as they come to terms with a financial bailout that is likely to deepen the price falls of recent years, the chairman of the country's Property Valuers...

Update............ First stone laid for Limni development project By Poly Pantelides Published on February 10, 2013 PRESIDENT Demetris Christofias yesterday laid the foundation stone for a huge development work, including golf courses, at Limni, near Polis Chrysochous in Paphos, and while...

Update............ Limassol marina welcomes first residents Published on January 31, 2013 LIMASSOL Marina has welcomed its first residents. The delivery of the 94 luxury apartments and penthouses at Nereids Residences marks the beginning of the project’s first operational year, it said...

Update............ House prices slump even more By Poly Pantelides Published on December 22, 2012 PROPERTY prices and rents have been falling island-wide in the third quarter (Q3) of the year with Nicosia and Limassol faring the worst, the Royal Institute of Chartered Surveyors (RICS)...

Update............ House extends town planning amnesty Published on November 2, 2012 BY A majority vote parliament yesterday approved two items of legislation re-extending the Town Planning Amnesty to April 30, 2013. So far only some 14,000 Statements of Intent have been submitted under...

Update............ Tax hike might prompt developers to sell their plots By Poly Pantelides Published on November 1, 2012 THE GOVERNMENT’S proposed changes to immovable property taxation may provide an incentive for property developers to sell rather than sit on land, said a lead...

Update............ Government plans to earn more from property tax Published on October 31, 2012 THE government has prepared a bill to reform immovable property taxation that will fetch it an additional €29 million per year, it emerged yesterday. The bill, already submitted to...

Update............ Alpha Bank seeking to repossess British homes in Cyprus Published on September 30, 2012 OVER a thousand Britons who bought holiday homes in Cyprus face repossession as one of Greece’s major lenders, Alpha Bank, has launched legal procedures against them, The Times...

Paphos property market stabilising but overall outlook still bleak By Poly Pantelides Published on September 26, 2012 THE INTEREST from Chinese buyers may partly explain signs that the residential property market in Paphos is stabilising, according to the Central Bank’s residential...

Confirmation............ Building sector hits rock bottom Published on September 21, 2012 CURRENT construction projects will run out in seven months with nothing lined up past that time, a survey released yesterday showed. The construction business, one of the main engines driving the...

Update............ O’Dwyer wins contract dispute but ordered to pay up over website By Poly Pantelides Published on September 15, 2012 A BRITISH homebuyer has said he will appeal a court order to pay compensation for an online campaign against a property developer whom the court has found...

Déjà vu all over again By Clem Chambers Published on August 19, 2012 FOR Europe, as Yogi Beera, the famous American baseball coach said, its “déjà vu all over again”. Now the name in the frame is Spain. The economic numbers for Spain are not as horrendous as those of Greece. However...

Follow-up............ Here is the link to the Daily Mail article referred to above:- 'I was sold a dream of life in Cyprus. Now my UK home is at risk' Thousands face crippling debts as holiday home plans sour | Mail Online

Update............ Buyers to sue over 'mis-sold' mortgages Published on August 17, 2012 THOUSANDS of British luxury property buyers are taking legal action against Cyprus-based banks, claiming they were mis-sold the accompanying mortgages, the Daily Mail has reported. According to the...

Update............ Nicosia home prices falling at ‘accelerating rate’ By Poly Pantelides Published on August 4, 2012 PROPERTY prices for buyers may be down but so are rents on apartments, warehouses and offices, the latest figures show. The latest index from the Royal Institute of...

Update............ Property prices still falling Published on August 3, 2012 RESIDENTIAL property prices in the first quarter of 2012 continued their downward trend, albeit at a slower rate, according to figures released by the Central Bank. In a residential property price index for Q1...

Property sector in the north ‘rotten to the core’ Published on August 2, 2012 A TURKISH Cypriot contractor has filed a lawsuit against Turkey at Larnaca District Court for selling him stolen land in the north, it was reported yesterday. According to Turkish Cypriot daily Yeni Duzen...

There is hope............ Chinese buyers offer hope to a dormant housing market By Bejay Browne Published on July 29, 2012 CHINESE buyers are helping to rejuvenate the stagnant property market in Paphos where sales have risen by 25 per cent in recent months, industry professionals say...

Update............ Bank troubles worsen property market woes By Stefanos Evripidou Published on June 16, 2012 PROPERTY PRICES saw a “disappointing” drop in the first quarter of 2012, according to the latest figures released by the Royal Institute of Chartered Surveyors (RICS). The...