- Cyprus Property News Magazine - http://www.news.cyprus-property-buyers.com -

Our top 10 stories from Cyprus in 2014

TRADITION dictates that as we approach the end of a year that we publish a summary of the top 10 stories and articles that we have published over the past 12 months.

This is not a subjective list, but a digest of the stories that you, the readers, clicked on the most on the Cyprus Property News website. Here is the countdown of this year’s top 10 stories:

At number 10: Paying Immovable Property Tax 2014 – Information from a senior officer at the Tax Office in Nicosia advising those without Title Deeds of the information needed by the Tax Office to calculate their Immovable Property Tax liability.

At number 9: Cyprus economy & real estate forecast 2014-2015 – A forecast by Leaf Research into the island’s economy and its property market for the year ahead – and its prospects for the future.

At number 8: Cyprus Title Deeds bank extortion – Daniel Hannan MEP raised a question in the European Parliament asking if the Commission was aware that receivers acting for banks are currently threatening buyers with selling their homes unless the buyers pay off the developers’ defaulted mortgages, their taxes and other creditors.

At number 7: Refunding developers’ Immovable Property Tax – Advice on how to handle the more nefarious developers who were making unreasonable demands for Immovable Property Tax from their clients.

At number 6: Permission granted for Oroklini theme park – The Disneyland-style theme park was in the news again when it was reported that the Government had granted permission for the construction of touristic village and a five star hotel set in 500,000 square metres of land.

At number 5: Immovable Property Tax Announcement – An announcement from the newly formed Tax Office, which resulted from the merger of the Inland Revenue Department and the VAT Service, on the payment of Immovable Property Tax for 2014.

At number 4: Immovable Property Tax payment and collections – An update of the Immovable Property Tax revenue collected by the Tax Department, which noted that only those with modest properties have paid at the time.

At number 3: Nigel Howarth meets the Troika – A report on the meeting I had with nine delegates from the Troika of Cyprus’ international lenders in May where we discussed many of the problems faced by those who have bought property on the island and who have yet to secure its Title Deed.

At number 2: Cyprus Immovable Property Tax 2014 – A summary of the changes made to the Immovable Property Tax law, which included the need for those without Title Deeds to pay the Immovable Property Tax directly to the Tax Office.

At number 1: Cyprus property valuations now online – A guide to finding out the revised valuation of properties, which have been published on the Department of Lands & Surveys website and which will be used for taxation purposes in 2015 (assuming that all goes according to plan).

May I take this opportunity to wish you all a very Merry Christmas and
health, happiness and success in 2015.

Σας Εύχομαι Καλά Χριστούγεννα και Ευτυχισμένο το Νέον Έτος 2015.