State-sponsored fleecing is island-wide
Abuse by the Land Registry Offices brings the whole system into disrepute and fosters cynicism and distrust of the Cyprus government's regulations and practices.The post State-sponsored fleecing is...
View ArticleDevelopers continue Immovable Property Tax scams
We have received further reports of property developers in Cyprus continuing to extort money from buyers by using the threat of withholding Title Deeds to elicit payment of highly inflated amounts of...
View ArticleCypriot developers find new ways to extort money
Nefarious property developers continue to exploit their customers by thinking up new ways of extorting money from them and using the threat of withholding Title Deeds to elicit payment.The post Cypriot...
View ArticleIt is like getting blood from a stone
Seven months after selling their house in Cyprus, a British couple finally received the proceeds of the sale from their Paralimni-based lawyer after they engaged another lawyer to collect their money...
View ArticleRussians warned against buying property
A pamphlet in Russian entitled "Осторожно, Кипр!" (Beware of Cyprus!) is being handed out at the Sheremetyevo International Airport in Moscow warning Russians not to buy property on the island.The post...
View ArticleA very Cypriot Swissgate
If the professional advisors had foreseen the pitfalls of Swiss Franc mortgages and did not tell the borrowers or worse still if they planned it this way, then we would have a scam of scandalous...
View ArticleProperty scam leaves families with no home
A number of families who bought land in Fasoula and paid for properties to be built have been left with no homes as the contractor and property development companies have closed.The post Property scam...
View ArticleMore arrests in property scam
Communist party AKEL has become embroiled in a property scam following the arrest of two members of its politburo alleged to have been involved the sale of Turkish Cypriot owned land.The post More...
View ArticleRefunding developers’ Immovable Property Tax
Over the past few of weeks we have received literally dozens of emails from people who have received unreasonable demands for Immovable Property Tax (IPT) from their developers.The post Refunding...
View ArticleFalse Immovable Property Tax declarations
There is evidence that a property developer has made false Immovable Property Tax declarations to the authorities, which has resulted in his customers receiving IPT notices from the Inland Revenue.The...
View ArticleFraudsters target property sellers
People selling property in Cyprus are being targeted by fraudsters claiming to be from a company called 'Prime Consortium' who are trying to obtain their bank account details in return for a 10 per...
View ArticleChinese buyers scammed
Several dozen Chinese families buying property Cyprus have reported being scammed by unlicensed real estate agents who take advantage of foreign buyers according to Marinos Kynegirou.The post Chinese...
View ArticleChinese targeted by property scammers
Scammers in Paphos claiming to be middlemen of major developers have taken money from a Chinese woman who subsequently discovered that the land she had paid for did not belong to the seller.The post...
View ArticleCorrupt lawyers continue to plunder estates
Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which...
View ArticleApartment residents living on the edge
Residents in a hilltop apartment building in Germasogeia, Limassol are living in fear that their complex could collapse at any moment. The developer who built the complex failed to build a retaining...
View ArticleLimassol man duped in house sale
A Limassol man paid €60,000 over the internet for a house in Cyprus, which turned out to be a fraud, police said on Saturday. The man reported to police that on July 13 he had transferred €60,000 as...
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