Cyprus-Forum.com

[Milo]

With respect, I do not have my head in the sand. I can only speak from my experience and my families. I own with deeds two properties in Cyprus , my family own a further four. I have a good well respected Cypriot lawyer, the people I have bought from have been honourable sellers.
I hear so many differing stories, the majority seem to be sour grapes from people who have not seen a good return on their investment. I understand there is a problem with title deeds but buyers have a choice, buy now or wait, I prefer the latter and genrally get my deeds very quickly.

I,m not interested in investors they take gambles they pay the price, I,m interested in normal buyers who were fed a line on the safety of buying here, which is false. Its about people who have already bought, not wanting too! I too am a 'lucky' buyer with everything in place after being ripped off once through a crap lawyer. But I am a rarity as a 'foreign' buyer to be in the position we are today. Complacency is unfair to the rest having a really miserable time of it. Not sour grapes, at least from press articles for the last three years, nothing but serious problems all connected to developers and their best friends the lawyer! Cyprus does,nt deserve the name these morons have given it. I love Cyprus and defend it at all levels but on this issue and a couple of others I cannot.

Its unfair to not warn potential buyers, it is still happening.

http://www.cyprus-property-action-group ... ticles.htm

[RichardB]

With respect, I do not have my head in the sand. I can only speak from my experience and my families. I own with deeds two properties in Cyprus , my family own a further four. I have a good well respected Cypriot lawyer, the people I have bought from have been honourable sellers.
I hear so many differing stories, the majority seem to be sour grapes from people who have not seen a good return on their investment. I understand there is a problem with title deeds but buyers have a choice, buy now or wait, I prefer the latter and genrally get my deeds very quickly.

I,m not interested in investors they take gambles they pay the price, I,m interested in normal buyers who were fed a line on the safety of buying here, which is false. Its about people who have already bought, not wanting too! I too am a 'lucky' buyer with everything in place after being ripped off once through a crap lawyer. But I am a rarity as a 'foreign' buyer to be in the position we are today. Complacency is unfair to the rest having a really miserable time of it. Not sour grapes, at least from press articles for the last three years, nothing but serious problems all connected to developers and their best friends the lawyer! Cyprus does,nt deserve the name these morons have given it. I love Cyprus and defend it at all levels but on this issue and a couple of others I cannot.

Its unfair to not warn potential buyers, it is still happening.

http://www.cyprus-property-action-group ... ticles.htm

Milo

i agree whole heartedly with purdeys comments i too have 2 properties in cyprus both of which i have title deeds for its not rocket science to check things out before you buy

[Holly2009]

I know of a site in Paralimni that has over 100 houses built without planning permission and no sign of title deeds.

The buyers are a mix of GCs, Brits and Russians.

Local lawyers have been used by most buyers who believed they were being careful and would be protected.

The developer (A Chacholis) misled buyers telling them that the permissions had been obtained and deeds would follow. Now anyone selling has to pay the developer a huge premium to have the land signed over on sale.

This is not "stolen" land, yet unscrupulous people have not acted ethically and are lining their pockets in every way they can. This is a massive problem country wide.

I warn anyone to stay away from the housing market in Cyprus because i wouldn't wish these blackmail tactics to be used on my worst enemy.

[purdey]

I have never bought a new build, I prefer old properties. Saying that, why on earth did the purchasers not ask to see building permits ? Again if I was spending that amount of money I would want to see permits or at least pay a visit to local authority offices to find out if permissions have been granted.

[Z4]

I have never bought a new build, I prefer old properties. Saying that, why on earth did the purchasers not ask to see building permits ? Again if I was spending that amount of money I would want to see permits or at least pay a visit to local authority offices to find out if permissions have been granted.

Some people just get carried away with the whole 'Place in the Sun' thing Purdey and they may forget to ask the simple things...but 100 of them is very difficult to understand why,how etc

[cyprusgeoff]

Cyprus popularity declines with British holiday home buyers



AFTER Spain and France, Cyprus used to be the most popular destination for those seeking a place in the sun. But it seems that Cyprus’ popularity amongst overseas property investors from Britain is in decline according to statistics from the overseas property portal PropertyIndex.com.
The breakdown of overseas holiday home searches via the property portal for January and February 2009 were as follows; in order of popularity:

Spain - 23.4%
France - 13.24%
Turkey - 7.18%
Portugal - 6.27%
Bulgaria - 5.81%
Italy - 4.84%
Cyprus - 3.41%
USA - 3.33%
Greece - 2.83%
Malta - 1.03%
United Arab Emirates - 2.17%
Egypt - 1.43%
Morocco - 0.96%
Cape Verde - 0.69%
The overall average house price searched for in all countries dropped 9.4% from €227,680 in Jan-Feb 2008 to €206,218 in Jan-Feb 2009.
PropertyIndex.com claims to be the UK’s largest database of overseas property listings, holding over 150,000 global properties and said that it recorded 298,000 property searches in 2008.

Editor’s comment
MANY Cypriots blame the credit crunch, the current weakness of Sterling against the Euro and inflated house prices for the decline in the islands’ popularity amongst British property buyers.
However, I have no doubt that media revelations about the numerous ‘property scams’ are causing Brits to look elsewhere for their dream holiday home in the sun.

What else would you expect?

[purdey]

It beggars belief when you look at the top of the list.
Spain, price increases in line with Cyprus and property scams off the grid, do people still buy there ?

[Z4]

Well - there is one good thing to coming from the property crash - CY won't become another Spain. I was starting to get worried about the number of developments 'popping up' and I am pleased that things have slowed down. Paphos is totally ruined IMHO and I don't want the same thing to happen islandwide (mainly Pissouri!)

[wyoming cowboy]

I love it, all those empty houses built illegally on our lands will stay empty..and with this economic slowdown there is no chance of recovery for another 10 years at least...the ironic thing about this is that agricultural products are on an upturn with a big shortage in grown food consequently prices are significantly higher, will the geniouses in the occuppied north demolish the houses they so desperately built to screw us over and plant watermelons?

[Jerry]

I love it, all those empty houses built illegally on our lands will stay empty..and with this economic slowdown there is no chance of recovery for another 10 years at least...the ironic thing about this is that agricultural products are on an upturn with a big shortage in grown food consequently prices are significantly higher, will the geniouses in the occuppied north demolish the houses they so desperately built to screw us over and plant watermelons?

I think this thread refers, in the main, to development in the ROC.

However your last sentence does beg the question - was there confusion in the north over the term houseplants