March, 2010 - Beyond Contempt

TENS of thousands of prospective home-buyers were greeted with placards reading ‘Shame on Cyprus’ at the gates of a property exhibition in London over the weekend.

The signs were part of a high-profile campaign organised by Conor O’Dwyer who is embroiled in a lengthy legal battle with local developers.

Conor O'Dwyer talking to potential Cyprus property buyers at Earls Court — Conor O’Dwyer talking to potential Cyprus property buyers at Earls Court

His colourful protest, camped at the main entrance to Earls Court, was staged during the two-day A Place in the Sun show, an event designed to help people get onto the overseas property ladder.

The show was organised in conjunction with the popular Channel Four television programme, which draws millions of viewers every week.

Over 200 exhibitors, representing more than 40 countries worldwide witnessed the highly visible stand set up by O’Dwyer.

Despite objections from local property developers – many of whom were left fuming, O’Dwyer said he was allowed to stage the protest with the blessing of the Metropolitan police.

“Greek Cypriot property developers came out of Earls Court on masse, they were furious with me. Some took photos; it was worrying because I had my children there. Some even said they would take me to court.

“At first they wanted the stand to be taken down, but after I explained my situation, some of them expressed sympathy and one developer even offered to help, but many were not happy,” he said.

Thousands of property dealers and customers from Spain, France, Bulgaria, Turkey, Greece, Portugal, Italy and the USA were greeted by the protest, with many stopping to discover what was happening.

“It needs sorting out,” insists property analyst Nigel Howarth, “This has been going on for far too long. His case is high profile and who can even begin to calculate the damage by the negative press?”

O’Dwyer claims he purchased a house in the eastern village of Frenaros in 2005 that was then was resold without his knowledge by the developers.

The developers have dismissed the accusations and accused O’Dwyer of attempting to extort a more expensive house from them.

This is not the first time O’Dwyer has taken his campaign to the streets, two years-ago he held a protest outside the Cyprus High Commission in London.

O’Dwyer slept in a tent and spent his day updating his website and talking to passers-by, including, he said, potential British property buyers for Cyprus.

By: Nathan Morley Published: Tuesday 30th March 2010

To see comments from British expats read this article in the Cyprus Property News

UNFORTUNATELY, despite the fact that we have had many bad experiences when selling property to foreigners, we haven’t learnt our lesson.

We treat the subject very lightly and then when something goes wrong, we rush to deal with it, by which time it is too late.

A prime example was the event that took place at the exhibition “A Place in the Sun” in London, when Conor O’Dwyer protested outside the exhibition together with his family. O’Dwyer maintained that he bought property in the free area of Famagusta, which was sold for a second time by the developer without his knowledge and he lost money.

We are sure that before O’Dwyer resorted to the protest outside the property exhibition, he must have tried other forms of protest to be heard but had been unsuccessful.

And it is here that the relevant government authorities have a responsibility. If they were as methodical as the private sector and reacted openly and immediately, then we are sure that the problem would have been solved right from the beginning and there would have been no need for the protest in London.

This particular type of incident is not unique. We have seen reports of similar incidents in the past. And it is such incidents that discredit Cyprus internationally, wiping out any gains that have resulted from promotions and advertising that unfortunately only the private sector pays for.

Since we want to promote Cyprus as a destination to buy and invest in property, we should sort out these problems at their root and not let the situation get out of hand in the way that happened recently in London.

The state should intervene dynamically and the Interior Ministry which is responsible for this sector should place this specific problem under its scrutiny. Furthermore, it should take the necessary steps to ensure that such unacceptable incidents never happen again.

We will go one step further and propose that a relevant service be set up that will function correctly and pre-emptively in such instances.

At the same time, the necessary funds should be made available so that we can promote Cyprus in the property sector abroad. And why not, we should combine this with promoting Cyprus as a tourist destination and in this way also promote holiday homes. This should be a joint effort with developers who are also promoting Cyprus extensively.

Finally, it is sad that on the one hand millions are spent on publicity to promote Cyprus and great efforts are being made to deal with the problems of Title Deeds, while on the other hand it is all blown away by a single incident such as the one experienced in London and for which Cyprus earned the name “a shame in the sun”.

By: George Mouskides
Published Financial Mirror: Wednesday 12th May 2010

George Mouskides is Chairman of the Association for the Promotion of Property Development and Manager of Fox Smart Estate Agency.

To see comments from British expats read this article in the Cyprus Property News

Month: March 2010

Cyprus property market tarnished by London protest

We have not learnt our lesson