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Cyprus and MacAnthony Realty International (MRI)

SEVERAL property buyers have contacted me about the future of MacAnthony Realty International  (MRI) in Cyprus. Many have seen the signage on their offices changed and were concerned that MRI may have run into financial difficulties.

The following press release by […]


Publish Date: Mon, 5 Jan 2009 21:02:15 +0000

Property awarded to couple after legal battle

A BRITISH couple came very close to losing their 680,000 Euro property at Ayia Thekla in Cyprus when their developer sold it to someone else behind their backs.

According to Yiannos Georgiades, the couple’s present lawyer, the two Britons set up a […]


Publish Date: Sun, 4 Jan 2009 11:39:20 +0000

Property sales in Cyprus fall

ACCORDING to the Cyprus Land Registry, the number properties being bought fell dramatically during the first eleven months of 2008. Their figures reveal that the number of property sale contracts transacted between January & November 2008 showed a 27.9% year-on-year […]


Publish Date: Wed, 31 Dec 2008 18:16:58 +0000

Cyprus building standards

A LETTER in the Cyprus Mail tells the story of a Brit who moved to Cyprus and bought a newly-built house. The property looked impressive, but after a year or two it had serious damp problems and a number of […]


Publish Date: Mon, 29 Dec 2008 12:59:54 +0000

Seasons Greetings from the Cyprus Property News Magazine

We wish all our readers and subscribers a healthy and happy Christmas and a peaceful and prosperous New Year.

We'll be taking a few days holiday but will be back before the new year with the latest news on what’s happening […]


Publish Date: Thu, 25 Dec 2008 08:07:50 +0000

Protest over plans for Cyprus golf courses

ENVIRONMENTALISTS staged a demo yesterday outside the Cyprus Commerce Ministry to protest against the construction of more golf courses, even as within the building government officials hatched new plans for the project, which many doubt will reboot the island's stalled […]


Publish Date: Wed, 24 Dec 2008 12:21:22 +0000

Fourteen golf courses in Cyprus

IN an effort to improve its tourist product, the Cyprus Government has announced plans to increase the number of golf courses on the island from three to fourteen.

Meeting with businessmen to discuss the plans, Antonis Paschalides, the Cyprus Minister of […]


Publish Date: Wed, 24 Dec 2008 11:21:13 +0000

Capital Gains Tax on the sale of property in Cyprus

FOR those who have immovable property in Cyprus and are considering to sell it they need to be fully aware that any capital gain which arises from the disposal of their asset may be liable to Capital Gains Tax (CGT).

This […]


Publish Date: Tue, 23 Dec 2008 13:28:00 +0000

Brit in property dispute gets no relief from Attorney General

OPENING a new can of worms for Cyprus property owners, the Attorney General has told a British buyer his developers had not committed any crime by effectively re-selling a house legally registered in his name.

The three-line letter to Conor O’Dwyer, […]


Publish Date: Sun, 21 Dec 2008 09:46:38 +0000

Cyprus property buyers still at risk twenty years after collapse

IF you are British and of a certain age, you will remember "All Our Yesterdays". It was a television programme, produced by Granada Television, which ran weekly between 1960 and 1973 and again between 1987 and 1989. The format was […]


Publish Date: Sat, 20 Dec 2008 17:54:28 +0000