We are out of Cyprus! Good luck to those still awaiting a decision!.
It has been a costly mistake, we loved the place and had been there for many years prior to our purchase. However we were not aware just how corrupt everything is! How on earth is it in the EU! The answer is pretty obvious that...
Hi All ,
Alpha Paneretti are back selling apartments and villas! Offering title deeds with sale. Don’t trust them as far as you throw them, we were told the land on which are apartments were built on are mortgage free! NO! 7 million mortgage on the land. You pay the price apart from 4% when...
Hi Veronica,
This is just the tip of the Iceberg. KPMG's name is used in the account letter which does not actually state that the accounts have actually been agreed. It is based upon what Alpha Panareti have spent on various sites with no confirmation that the articles have been purchased on...
I personally don't feel it has hit rock bottom at the moment, just wait for the Banks to repossess homes that have been built on land mortgaged by the developers, not declared at the point of sale.
What a prediction re the management costs at St George Hills, Alpha panareti are at it again Management figures just released in emails indicate that the second year will be the same cost, how much have they spent and what on:
The forthcoming management fees cover the period form 30th of April...
As St George Hills Owners start to move in 4 years late how long will it be before the corruption that goes hand in hand with Management charges and Alpha Panareti start to bite.
St Nicholas up to opening,the management figures were estimated at £500 UK, first year 2000 euros. It took them 3...
The Banks are willing to negotiate with anyone as far as they are concerned it is damage limitation the more they negotiate the lower the amount they will end up paying out. This is the same as R&L strategy. Georges first strategy was not to negotiate so what's now changed? I also notice there...
This negotiation has been on the cards for years, of course the bank will negotiate. Any resulting owners keeping their properties reduce the toxic debt AB have. The Bank have promised many ways that this can all be settled they will write off interest, couple of years mortgage this is nothing...
MPs in the region have agreed to join an all-party parliamentary group to help investors facing ruin after buying property in Cyprus.
A meeting was held in Parliament this week to discuss the hundreds of UK buyers who are facing legal action from Cypriot-based Alpha Bank.
Many of the investors...
Listen to Gammon go over rent before you buy, which is quite good advice where ever you are going. Find a place that you like in an area you like. Get a feel for the place.
Remember the title deeds, and for that reason when you decide to buy go for second hand there are some good deals out...
Graham,
There is some good advice from both Mark and Pippin above, on top of this the property must have title deeds if not just walk away or live to regret it.
The values at present can only go down, my top tip look elsewhere!
BB
Hi Maria,
If you were to remortgage at this time, any discrepancy in your POA or the mortgage that you had taken out would then invalidate any claim having had to sign up for the new one. Meeting due to take place in Feb I would then be prepared to discuss options with you that may assist
BB
ROPUK pulling out
HI Quinta,
I see ROPUK are recommending another company, thats a kiss of death then and they must be getting a kick back. The only suggestion that I can make from experience is that you carry out the rentals yourself and arrange to have someone that comes in and cleans for...