COMMENT: By Denis O’Hare
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The CPAG File is a new regular feature in Financial Mirror aimed at informing readers and contributing ideas to strengthen the future success of the
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Cyprus Property Action Group
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CPAG was started jointly by Denis O’Hare ex-banking and finance retiree, David Ball, a local businessman who also led the fight for voting rights in Cyprus for Europeans, Linda Leblanc, a Canadian who obtained Cypriot citizenship and was elected as a municipal councillor in Peyia, and Nigel Howarth, a retired business consultant and recognized authority on buying property in Cyprus.
Mr O’Hare, who had previously run other action groups fighting large multinational finance organisations, has also had personal experience of significant property problems in
Other heavyweights with strong international credentials as well as politicians are also rallying round to support CPAG and its aims.
CPAG has a website www.cyprus-property-action-group.net which outlines the aims and goals of the group, plus information about areas of potential pitfalls for buyers. Property buyers and investors can also register their problems and/or support. A growing number of cases by people describing their problems with property here in
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Objectives
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As a platform for CPAG, this column seeks to:
- Identify, analyze and comment on property issues of strategic importance to the
economy, the property investment market, property development, property buyers, and regulators.Cyprus - Establish with the industry and with government authorities the criteria for good practice and promote a Charter/Joint Code of Good Practice for the
property market (covering developers, lawyers, estate agents and public authorities).Cyprus - Report and comment, where relevant to property in
, on national and international bodies such as the UN, the Council of Europe and the EU.Cyprus - Propose actions seeking to improve and strengthen the competitive position and reputation of the
property market.Cyprus
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Positive Developments
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Some examples of the positive things that CPAG is doing are:
- Providing buyers with basic and other information that is not readily available to them, in order that they can pursue solutions to their own problems.
- Providing direct assistance in some situations to effect solutions. These have included both individual and larger-scale group scenarios.
- Cataloguing and understanding the nature and size of the problem areas in the property industry in order to propose potential solutions.
- Lobbying support from government and other bodies involved in regulation and support of the industry.
- Representations to the EU Commission seeking their support in Environmental and other matters.
CPAG has been quietly lobbying support from the various
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* Any information, comments or suggestions on property matters may be submitted to [email protected] or to The Editor, Financial Mirror.