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Monthly Archives: July, 2017

News

Pissouri homeowners still in limbo

Staff Reporter -
Property owners in the Limnes (lakes) area of Pissouri are still in limbo despite the previous Cyprus Interior Minister promise to pay for the mess, which at that time was estimated at up to €20 million.
Legal Matters

Vote imposing VAT on land sales postponed

Elias Hazou -
A vote by the Cyprus government on a bill to impose 19 percent VAT on land sales (building and development plots) has been postponed until September; the draft bill will be sent to the EC.
News

New home building permits up 44%

Nigel Howarth -
The number of new homes in Cyprus for which building permits have been issued rose by 43.8 per cent in April 2017 compared to the same period in the previous year according to the Cyprus Statistical Service.
News

Ten years to clear Title Deed backlog

Nigel Howarth -
At the current rate of Title Deed issuance it would take approximately ten years to address the backlog according to the spring 2017 issue of the European Commission's Post-Programme Surveillance Report on Cyprus.
News

Limassol upcoming skyline fears

Andreas Izamis -
Limassol's construction ambitions are rising vertically, but many argue that the new high-rise buildings are unsightly and clutter the landscape, but it seems that the problems are far more serious.
News

June property sales up 28 per cent

Nigel Howarth -
The number of properties sold in Cyprus during June rose 28 per cent compared to June 2016 with sales increasing in all districts with the exception of Larnaca according to official figures.

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