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Monthly Archives: November, 2011

News

Community taxes discriminatory to foreigners?

Nigel Howarth -
An article appeared in today's Cyprus Mail concerning excessive taxes being levied by a Community (a local government authority) on foreigners with property; a practice that the Island's Commissioner concludes may be discriminatory.
Articles

Transfer fee reductions could increase public revenue

Andreas D. Symeou LL.B, M.Sc (U.L.A.), MRICS -
A number of simple and practical measures could be taken by the government of Cyprus that would encourage the timely transfer of property titles, increase public revenues, reduce tax evasion and support the property market.
News

Christofias says no to transfer fee changes

Nigel Howarth -
The euphoria felt by property developers in Cyprus that the House of Representatives had agreed unanimously to abolish or reduce Property Transfer Fees for a period of six months may be short-lived as President Christofias has asked them to think again.
Investment

Overseas investors taking more interest in Cyprus

Nigel Howarth -
After some months after being out of the top ten countries for overseas property investors, Cyprus is back in at the number seven spot in the October 'Top of the Props' chart published by TheMoveChannel.com.
News

Mari explosion slowed growth in construction sector

David Crowther -
The explosion of confiscated munitions stored at the Mari naval base on July 11th that killed 13 people and devastated the Vasiliko power station has pushed the Cyprus economy into recession and slowed growth in the construction sector.
Investment

Moody’s downgrades Marfin Bank covered bonds

Nigel Howarth -
Ratings agency Moody's Investor Services has downgraded Marfin Popular Bank covered bonds and put the Bank of Cyprus covered bonds on review for downgrade. The actions follow Moody's downgrade of Cyprus' sovereign debt rating last week.

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