A constant truth!
Hello Fran,
The recession exposed the surplus of property in Dubai in particular. As you probably already know the good times are coming back with values and rents increasing in the so called desirable areas only. We all know that these include the Palm, The Marina...
Hello veronica
I am aware of the draft legislation in the GC parliament regarding the Title fiasco. In fact I have been reading similar stories in the papers since the 80's and still nothing is done to address the 100k+ people who have been defrauded by the collusion between: developers...
Nonsense you say?
Hello Pippin,
If you are claiming that the Greek Cypriot legal and judiciary system is not corrupt then I recommend you go to www.cypruspropertyactiongroup.com to read the thousands of innocent buyers, mostly Brits, who have been defrauded and physically attacked in many...
Buying in GC and the TRNC
Hello,
The answer to your question is absolutely yes. There is nothing illegal in owning properties in the TRNC and GC. However, if the GC government find out that you also own property in the TRNC, irrespective of whether it was pre 1974 GC owned or not they...
Cut your losses
Hello, And really sorry for your unfortunate situation. I notice you posted in March but I still hope that my advice is relevant for you.
Firstly you must remember that the following organizations in Greek Cyprus are totally corrupt:
1 The Judiciary.
2. The Lawyers (...
Hi Nigel,
I'm afraid the nightmare scenaerio has already begun. The only ray of hope is that government rules prevent banks from foreclosing for several years and this will force the banks to offer something to the occupants. This will be the cheaper option for the banks. However, it stills...
We are selling our Type C on Beach side of trunk
Hi Chris, We are selling our Type C in Al Msalli which is a beach side block on right side of the trunk. Total area 2260 sq ft. Apt NO 502. Three large bedrooms, maids room, Large lounge, kitchen and large corner Balcony overlooking the...
Hi Nigel,
Thats very good progress. The GC's in the past have ignored a lot of adverse publicity regarding this matter and the GC justice system is corrupt. Foreigners rarely win cases against GC's and Mr O Dwyer's situation is by no means an exception. I have had a property in Cyprus for...
Thank you for this update. I am not being cynical when I point out that Greek Cypriot's politicians find it very easy to say " the matter is being closely looked into" etc but the reality is that since the 1980's GC developers have been using their freehold ownership of land ,containing...
In my case my tenant voluntered a vacate letter. He wants to leave in Aug 09. In your case a lot depends on your kind of tenant with regards to how you handle it. If, for example, you informed him that you wanted to live in the unit yourself do you think he would go screaming to RERA?. I...
Hi Vicks,
Thanks for your input. Just for information I have in the last few weeks sold another flat in Dubai Marina and, curiously, had several serious offers and opted, of course, for the cash buyer. On the day of transfer in Dubai I had two serious offers by phone. The price was reduced...
Hi,
My Shoreline Apartmewnt is still available for Aed 4.5m net. Please note that I have a gtenant in this unit who has given me a vacate letterr. He will finally leave this unit on 13th Aug 09 ( six months from now). Buyer will get pro rata payment of rent.
Let me know if interestedc...
Reduced price for Shoreline Apt
Please note that my Type C , three bedroom plus maids room apartment in Al Msalli, which is a beachside block, has a reduced price for quick sale. Aed 4.5m net
E mail me direct to: [email protected]
26th Dec 2008
Hi,
Yes I still have the shoreline apartment which is now on sale at Aed 4.5m net. Its been awhile since I put that ad in the Forum and prices on the Palm have shot up since then. They are still going up quite rapidly as everyone wants to live on this iconic Island. Let me know if interested.
Dubai Marina Apartment for sale
Hi,
I am selling my Dubai Marina apartment which is nearing completion with handover in Aug 08. Its a Duplex ( maisonette to us) on the 17th and 18th floors of the Dorra Bay tower ( max 22 floors). Total flat area is 1431 sq feet and it has prime Marina...
Service charges on the Palm are extremely high
Hi,
The Palm service charges have been dressed up by Nakheel. Its a bit like Gordon Browns stealth taxes. However, I have added all my outgoings, and have not included utilities since I have a tenant, and the cost per Sq foot is in the...
Nothing beats local knowledge
Hi susi,
There is a substantial backlog for issuing Titles to properties in Cyprus. Its not unusual to wait up to 10 years. Personally, I took matters into my own hands and badgered the land registry on a regular basis to move the process along. However, it...
direct contact
Dear Peter,
Since we are not allowed to post individual E mail addresses in this forum please not that my E mail address is cyprusvillas hotmail Obviously the symbol for "at" should be inserted after cyprusvillas and the "com" at the end
We can exchange notes on Nakheel...