Cyprus Property News

Property scam in UK stockbroker belt

Fri, 18 Jul 2008 14:50:50 +0300

Yesterday, Conor O'Dwyer's plan to "sleep rough for justice" outside the Cypriot High Commission in St James' Square London made front page news in the UK.

Conor's story appeared in the Advertiser, a local newspaper distributed throughout Surrey's famous stockbroker belt.

Prices fall marginally in second quarter 2008

Thu, 17 Jul 2008 14:24:32 +0300

Property prices in Cyprus, hold on to their levels during the second quarter of the year, despite worsening global and local economic conditions.

From April to June 2008, the BuySell Home Price Index recorded a marginal decrease of.

Sleeping rough for justice

Sun, 13 Jul 2008 10:09:23 +0300

TWICE physically assaulted and hospitalised for 6 days at the hands of Cypriot property developers Christoforos Karayiannas and Son Ltd a British property buyer, Cornelius (Conor) O'Dwyer, is.

Bank tightens credit risk rules

Thu, 10 Jul 2008 08:06:30 +0300

Later this month, it is anticipated that the Central Bank of Cyprus will issue 'guidelines' requiring the commercial banks to better manage credit risk.

In an earlier article, Dr Alan Waring reported that the executives of one bank had been.

Parador Properties goes into voluntary administration

Wed, 9 Jul 2008 13:31:51 +0300

Parador Properties, which had a number of overseas operations, including Cyprus, has gone into voluntary administration.

The company was once considered to be one of Europe's top estate agents. It used to fly prospective purchasers to their desired destinations and offered advice about specific areas and communities. Simon Lambert and managing director Jack Hamilton founded Parador in 1998.

Property insulation scam

Tue, 8 Jul 2008 20:02:49 +0300

THE Cyprus Green Party General Secretary, George Perdikis, yesterday claimed properties were being sold under the pretext of being insulated, when they in fact were not.

He claimed that financial interests were hidden behind a recent alteration of regulations for house insulations.

Do we need bills of quantities?

Tue, 8 Jul 2008 20:01:22 +0300

My wife and I are having a new house built at Psematismenos. We bought a plot of land several years ago and are using an architect from Larnaca. We have now agreed all of the plans and are ready to issue invitations to tender.

But our architect is saying that he needs to get a Quantity Surveyor to prepare a Bills of Quantities before he will issue the tender invitations.

Top 41 water saving tips from Paphos

Tue, 8 Jul 2008 19:59:40 +0300

Cyprus is suffering a water shortage crisis with many towns and villages being cut off for a number of days each week.

In belated efforts to resolve the crisis, the Government is planning a new sea water desalination plant, buying giant drilling equipment dig deeper boreholes in the search for water, and fresh water is being shipped to the island from Greece.

How to reduce your risks when buying off plan

Wed, 25 Jun 2008 15:10:46 +0300

THE majority of Brits buying new property in Cyprus buy 'off plan' from one of the many developers. (Off plan is where a property being bought is at the planning stage and has yet to be built).

One of the potential.