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World-Wide Property Markets For 2011…Who Do You Think Looks The Most Promising Ask Paralimni Property Lawyers?

Property Lawyers in Paralimni – Review- World-Wide Property Markets – 2nd November 2010. http://www.lawcyprus.org/

Interest in the overseas property markets seems to be very rickety at the moment, while interest is high in some countries, investors are still quite happy to sit and wait for the best possible bargains.

Various searches show that the top three countries seeing the most growing interest are the Netherlands, Germany and Barbados. Interest has risen by as high as 40% more than usual for these countries yet investors are still sitting tight.

Many countries are seeing a significant drop in interest and this has dropped by an amazingly 60-80% for countries such as Dubai, Romania and Brazil. The European property market appears to remain static.

Hong Kong however, has seen major rise in sales and this is a country we haven not actually touched on before.  Sales are up by 40% from last years figures and it is thought this is now Hong Kong’s time to boom.

Unfortunately although supply in Hong Kong is more than adequate to accommodate the high demand, what you can buy for your money is no more than a shoe box, yet investors are buying these shoe boxes so Hong Kong is doing something right.

We did have high hopes for Brazil and it is a shame that interest has dropped so much, however we did predict as much as the property owners in Brazil we believe became very greedy to quickly, raising prices drastically due to the unprecedented and rapid interest because of the world cup and the Olympic Games.  Brazil should of kept there prices firmly on the ground and kept prices at a mediocre level.

It is very hard to say who looks the most promising for 2011, of course Cyprus will always be our favourite but we will keep an eye and ear out for anything that sparks our interest and report back to our committed readers.

Tell us your thoughts on the world-wide property markets and who you feel looks promising for 2011.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 2ND NOVEMBER 2010.

Lawyers in Cyprus – Review – Cyprus Title Deed Investigation – 2nd November 2010.

The Title Deed issue in Cyprus has been quiet of late! Maybe this is because we are waiting for the government to solve the new Title Deed Legislation or maybe it is because all the relevant property officials are stepping up their acts in order to keep publicity to a minimum.

Whatever the reason this may soon change as the Vice President of Cyprus has applied to the European Union asking them to intervene in the Cyprus Title Deed problem.

The Vice President would like members of the European Commission to preside over a meeting ‘so to speak’ in order to hear all the facts and investigate the Title Deed issue.

Under an EU directive that relates to consumer protection against commercial practices within the EU, of which incorporates immovable property, the European Union has every right to intervene.

In simple terms many properties in Cyprus are being sold to consumers by property professionals, with the full knowledge that there are still loans outstanding against the said properties potential putting investors at risk and not being able to acquire Title Deeds to their investment.

Under the EU Directive this could be seen as ‘misrepresentation’ and there fore in breach of EU laws.  It is not clear yet if the EU will intervene and conduct an investigation although we actually hope that this does prevail.

The local government do not seem capable of correcting this issue themselves so maybe a higher power will do the world of good.  It appears we really are getting no where with the Title Deed problem, parliament have not as yet passed any legislation even though this was a matter of urgency, so bringing in the EU to get to the bottom of it all we feel will only do good and also put further pressure on the Cypriot government.

We ourselves will continue to make the public aware of the dangers and safety procedures for buying a Cyprus property and continue to push the fact that due diligence must be performed before any monies are handed over.

We will continue to urge potential investors to appoint a Cypriot Lawyer before taking any steps in to their potential investment and we will continue the fight for Title Deed Reform as well as helping existing investors.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 2ND NOVEMBER 2010 http://www.lawcyprus.org/

Legal Consultants in Paralimni – Review – Eco-friendly progress – Completed on 24^th August 2010 – Paralimni Legal Consultants.

With many issues going on in Cyprus today we have to wonder if the issue of Eco-logical and Carbon Emissions are being put on a back burner.

We have heard nothing from the government of late, on how the country of Cyprus are planning on combating the EU sanctions and deadlines for the reduction of Carbon Emissions and bring us up to Eco-logical standards.

Cyprus has already been fines by the EU for lack of effort (in simple terms), and no schemes have been announced for 2010, so where are we with this situation?

We as locals are doing in recycling and fitting sustainable products where possible and we have definitely been paying higher electric bills which we assume is to pay off the fines, but what are the government doing?

This issue has to be made priority if we want to continue living in a safe environment.  Temperatures are rising year on year and water is increasingly evaporating and becoming scarcer.  How much more is to become evident before the government take drastic steps?

We have read reports in the news that a new association ‘Cyprus Association of Energy Saving Enterprises’ has been created to promote and lobby energy saving polices.  This came after the government announced they had no energy saving plans for 2010.

The association will offer membership to businesses and the public and hold seminars advising on the importance of saving energy, legal advice, sustainable products, energy saving strategies and also energy saving funds available to claim.

The association will also lobby for the government to look at energy saving issues and strategies on a more pressing level.

Very true we have nothing to lose with this new creation and while lobby groups can often stir up public awareness is it really enough to get the government to sit up and do something.

We understand there are pressing issues in Cyprus right now, with the countries deficit and Cyprus Title Deed Reform etc, but they will not matter if we do not have a planet left because of our neglect.  Good luck to the Cyprus Association of Energy Saving Enterprises.

PUBLISHED BY A&G KOUZALI LAW OFFICE ON 24^TH AUGUST 2010