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  • Immovable Property Tax slashed

    Immovable Property Tax slashed

    Yesterday the Council of Ministers approved a 50 per cent reduction in the Immovable Property Tax rate and put an end to the property tax collected by municipalities and communities.

  • Lawyers' price-fixing challenged in EC

    Lawyers’ price-fixing challenged in EC

    A formal complaint concerning price-fixing of lawyers’ fees in Cyprus has been submitted to the European Commission on behalf of George Lambis – a Greek Cypriot and the Financial Director of a national charity in the UK.

  • Applying for Title Deeds (update 17 May)

    Applying for Title Deeds (update 17 May)

    Following the many emails I’ve received this article explains how buyers may apply for the Title Deeds to the property they purchased under the provisions of the ‘hidden mortgage’/’trapped buyers’ law.

  • More Recent Reports

  • Marina for Kiti

    Marina for Kiti

    A marina on the southern coast of Cyprus between the villages of Kiti and Mazotos is under study and has the potential to bring large numbers of visitors from other parts of the island, as well as tourists...
  • First five debt relief orders

    First five debt relief orders

    The Insolvency Service announced on Friday the issuance of the first five debt relief orders, for debts up to €25,000 following a number of applications it made to the Limassol District Court...
  • Bank of Cyprus to foreclose on ten properties

    Bank of Cyprus to foreclose on ten properties

    The Bank of Cyprus plans to foreclose on ten properties valued in excess of €2.3 million next month – six properties in Paphos on June 23 and the remaining four properties in Nicosia the following day...

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