Articles by Alan Lawton
Encouraging better land use
The Cyprus Government seems determined to introduce measures to encourage better land use in urban areas.
Over the next few weeks the Finance Ministry is expected to finalise proposals for the development of around 10,000 unused building plots in the cities, […]
Published on: 6th June, 2008 | Popularity: 30% | Continued
Cyprus property tax receipts plummet
ACCORDING to press reports, a decline in Cyprus property prices has resulted in a spectacular fall in Government revenue.
During the first four months of 2008, Capital Gains Tax receipts fell by 17% to €116.18 million from €139.42 over the same […]
Published on: 22nd May, 2008 | Popularity: 4% | Continued
Cyprus building permits continue to fall
THE number of building permits issued for the construction of property in Cyprus continues to decline.
According to the Cyprus Statistical Service, CYSTAT, the number of permits authorised during January and February 2008 stood at 1,401 compared to 1,551 In January […]
Published on: 12th May, 2008 | Popularity: 5% | Continued
Still waiting for Cyprus justice
CYPRUS property developer Costas Papaioannou was arrested and remanded in custody for five days on suspicion of obtaining money from buyers with intent to defraud. He was subsequently released two days early ‘on medical grounds‘.
At the time, the case was […]
Published on: 10th May, 2008 | Popularity: 5% | Continued
Property protest during President Christofias London visit
Expatriate property buyers frustrated by the inept Cypriot judicial system are to protest at London’s Alexandra Palace on May 18th where the President of the Republic of Cyprus, Demetris Christofias, will address a gathering of the Cypriot community at 3pm.
Problems […]
Published on: 8th May, 2008 | Popularity: 5% | Continued
EU inquiry into Cyprus estate agents rules
According to a number of press reports, the European Commission has sent Cyprus an official request for information on its laws governing estate agents; it considers these may not be compatible with EU internal market laws.
Cyprus passed a law in […]
Published on: 6th May, 2008 | Popularity: 4% | Continued
Falling Cyprus property sales
ACCORDING to reports in the Phileleftheros and Cyprus Mail newspapers, Capital Gains Tax receipts resulting from the sale of property in Cyprus during the first quarter of 2008 have dropped by more than 5 million Euro.
The reports states that receipts […]
Published on: 23rd April, 2008 | Popularity: 4% | Continued