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29th March 2024
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Monthly Archives: July, 2014

Cyprus MPs lunacy in action

Lunatic decisions taken by MPs in Nicosia drove another nail into Cyprus' once thriving property sector when they voted though the bill amending the Immovable Property Tax law for 2014.

What about the 39,490 Title Deeds?

There are still 39,490 Title Deeds that have not been transferred and it appears that there are many purchasers who are unable or unwilling to pay the unreasonably high property transfer fees.

Troika push repossessions bill

The Troika has indicated that if Cyprus fails to introduce legislation to ease the procedures for property repossessions, it could jeopardise the release of the next tranche of the bailout.

Title Deed backlog costing millions

The Cyprus government stands to gain millions from the transfer of 39,490 Title Deeds sitting at the Land Registry according to the latest annual report issued by the island's Audit Office.

Third largest price falls in EU

Cyprus recorded the third largest annual decline in house prices in the EU during the first quarter of 2014, according to data released Thursday by Eurostat, with prices falling by 5.7 per cent.

Property sales up 51 per cent in June

The Department of Lands and Surveys has published its monthly property sales report, which shows that property sales in Cyprus during June increased 51 percent compared to June last year.

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