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Archive for November, 2014

Battle for consumer protection to Westminster

The Association of International Property Professionals (AIPP) took its battle to establish standards for the industry – and more safety for British consumers – to Westminster last week.

Financial dispute mediation

Authorities will start accepting applications for the appointment of mediators in financial disputes from Friday, the agency tasked with the resolution of those disputes said on Tuesday.

Pressure on House to act on foreclosures

Two political parties, AKEL and EDEK, have tabled fresh legislative proposals to suspend enforcement of the foreclosures law, pending the enactment of the insolvency framework legislation.

Title deed event ‘sold out’

A proposed lecture on the thorny subject of title deeds which is due to take place in Paphos early in December has ‘sold out’ with all available seats booked within a week of its announcement.

Increasing transparency in the Cyprus property market

The Cyprus Economic Intelligence (CEI), which provides a centralised databank that collects, analyses and displays information on the island’s property market, has been launched.

Property revaluation appeal deadline extended

In the wake of many complaints from those who believe their property has been incorrectly revalued, the government has extended the deadline for receiving objections to 25 April 2015.

Do not disrupt bailout programme

The Cyprus Finance Minister has warned MPs to avoid disrupting the bailout programme again urging them not to make any “moves that will only create a problem for us without any practical gains.”

Cyprus property sales continue to rise

Property sales in Cyprus continued to increase during October in both the domestic and overseas markets, according to the latest statistics from the Department of Lands and Surveys.

Troika team remain in Cyprus

Although they were scheduled to leave Cyprus today, a team from the Troika of international lenders will remain on the island until next Tuesday to discuss the insolvency framework.

Tardy developers fail to pay IPT

According to an official from the Inland Revenue Department only a small number of property developers had settled their outstanding Immovable Property Tax (IPT) obligations.

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