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A wake up call Mr Minister
Antonis Loizou, FRICS
We address this article to you Mr Minister of the Interior (Constantinos Petrides) due to your very recent appointment in this demanding post and having no extensive experience on matters that affect the building industry (will special regards to ownership and sale of real estate). Certain items that we report could be of your interest.
A new era for Larnaca?
Antonis Loizou, FRICS
Something is changing for Larnaca with many projects going on both by the public as well as by the private sector. What is noticeable is the “renovation” of the old city extending from the coastal line up to G. Afxentiou avenue and from the Makenzy beach area to the gas installations.
Thieving the Visitors
Antonis Loizou, FRICS
We feel very angry when we read and experience various business/people trying to cheat in an evident way their customers. A recent report on a European basis, classed Limassol as one of the most expensive cities, quoting that for a nescafe frape the charge is €6.0 instead of €2.0 in other cities and for a ¼ bottled water the charge is €3, instead of .30 cents etc etc.
Securing Your Home
Antonis Loizou, FRICS
Basic list of “things to do” in order to protect your property especially for those house owners/residents which are away for long periods be it for holidays or holiday homes etc since these thieves «inspect» the house prior to the “visit” to ascertain who lives in them and if vacant etc
The Real Criminals are out - Cyprus Economy
Antonis Loizou, FRICS
The Cyprus economy is at the state that it is, due (mostly) to the Bail In, that happened (uniquely) in Cyprus the year 2013. At that time the Government urged the House to approve a taxation on deposits by 6%-9% but the MPs (all of them including the MPs of the Governmental party who abstained) said No and we ended up with the 90% haircut and the disaster that followed and which it is still with us.
Improvement of beach or destruction?
Antonis Loizou, FRICS
We note in the press reports that various Municipalities are altering the beach formulation by demolishing rocks and making the beaches wider for the bathers and more accessible, in addition to the access for invalid people etc. The reports refer to small beaches, especially at the Protaras area and we assume that the reporters have visited the places before and after (doubtful). It is just good to repeat the facts mind you.
Seasonal Houses & Preparation for Occupation
Antonis Loizou, FRICS
Very few people bother to have their home prepared expecting that everything is okay. What is unfortunate is that if something goes wrong, technicians are nowhere to be found during the summer season, especially during the months of July-September, whereas their charges are at the peak.
Ayia Napa on the Up? - A Small Municipality with a Big Vision
Antonis Loizou, FRICS
We must report the developments that are under way at the Ayia Napa Municipality. This is a very small Municipality with approximately 2.700 locals and with approximately 500.000 tourists during the summer season.
Who will pay the compensation? Natura Vs Affordability
Antonis Loizou, FRICS
Some people forget the provision of the Cypriot constitution which stipulates that “any decisions by the Government which reduces the economic value of the property the affected owners should be compensated”
Can we argue with the Lands Office?
Antonis Loizou, FRICS
It appears that there is an increasing rate of title issue and this without the affects of the Building Amnesty. Be it with some years delay (approximately 4-7 years after completion) titles are being issued. This positive development has brought up at an increasing rate some problems that are related to the transfer of property

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