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Testament to Tourism Growth Makes Brazil Property Investment Look More Attractive
March 2010
HomeAway, one of the world's largest private property rentals portals has testified to growth in Brazilian tourism, which makes Brazil property investment more attractive...

RICS Extremely Upbeat on Europe Property Markets
March 2010
RICS has just released its 2010 review of European housing markets, in which it is incredibly upbeat on the continent's prospects for a sustained recovery...

Emerging Markets Coming Back In, Bulgaria Getting its Second Chance
February 2010
Primelocation has reported a massive increase in the numbers of people searching for property in Bulgaria, Turkey and Cyprus, whereas before they have focussed on higher-end established markets...

Spanish Property Market Gets First Sniff of 100pc Mortgage Since Crash
February 2010
The bank of Andalusia has started giving 100% mortgages in partnership with a developer, which could spark similar arrangements across the country...

EasyJet flights now available from Manchester airport
February 2010
Budget airline EasyJet have announced cheap flights to Sharm-El-Sheikh in Egypt from May 2010....

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Karia Akbuk Resort - Inspection trip £49!!

Akbuk  -  Turkey
This stunning development is situated on the South West Aegean Coast resort of Akbuk. This first class established deve ...

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Cyprus Property Index from RICS to Increase Trust in the Market

Posted On: 21/01/2010

The Royal Institute of Chartered Surveyors has announced that it expects to release the first data from its Cyprus property index at the end of this month.

The new RICS index, in 'cooperation with Association of Quantity Surveyors and Construction Economists (SEEOKK), will cover apartments, homes, offices, commercial and industrial properties. The academics are currently just putting the finishing touches to the methodology and deciding exactly what properties and portfolios to include in the measurements.

"The transparency that the Cyprus Property Index can offer, is a shield for the avoidance of economic crises like the one the world is currently facing," said SEEOKK president Leda Philippidou.

"The Cyprus real estate sector cannot bounce back unless the basic parameters, upon which it functions, remain unsatisfactory," added RICS Cyprus executive board member Pavlos Loizou MRICS, of Antonis Loizou & Associates. Loizou added that the question of trust in the real estate sector must be the primary concern to all those involved. “Of course, trust without strict rules and transparency cannot exist. The creation of the RICS Cyprus Property Index will provide the necessary transparency that the market needs, so that buyers and investors can regain their trust.”

One must inject a bit of caution into the statements made by the two bodies. It will take a lot more to win back people's trust in Cyprus than a transparent property price index, although this will be a vital part of people's research if indeed it can be proven impartial. One thing is certain: with just over 1000 Cyprus properties sold to foreigners last year, something is badly needed. However, it is likely that the new government legislation on property title deeds will have the biggest influence on the market in 2010.

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Samos - Greece
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Oludeniz Boutique Hotel and Spa Fractional Offer


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