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  • No tax on mortgaged property sales

    No tax on mortgaged property sales

    Those selling their mortgaged property in Cyprus to reduce or repay their mortgage debt will be exempt from paying capital gains, income tax, special defence contributions, as well as stamp duty and transfer fees...
  • Tougher insolvency & NPL laws

    Tougher insolvency & NPL laws

    MPs approved tougher laws for dealing with non-performing loans (NPLs) and foreclosures that should also enable trapped buyers to get a Title Deed at a special plenary session of the Cyprus parliament yesterday...
  • High-rise not needed in Paphos

    High-rise not needed in Paphos

    Following last week's news that applications had been received for ten high-rise developments in Paphos, a 500 strong 'Movement to Save Paphos' group says there is no need for such construction in the District...
  • Trapped buyers breakthrough

    Trapped buyers breakthrough

    It appears that a gentlemen's agreement has been reached enabling trapped buyers who were duped by nefarious developers and lawyers into buying property on land that the developer had earlier mortgaged to get their Title Deeds...
  • Paphos marina contract awarded

    Paphos marina contract awarded

    The contract to build the long-anticipated Paphos marina has been awarded to Pafilia by the 'new' Marina Management Committee, which was appointed in March to examine documents submitted as part of the marina tender process...
  • High-rise developments coming to Paphos

    High-rise developments coming to Paphos

    The Paphos Municipality has given the green light for the construction of two twenty storey high-rise buildings in the tourist area of the town on land close to the Aloe Hotel on Poseidonos Avenue...
  • Opposition delays NPL & Co-op bills

    Opposition delays NPL & Co-op bills

    Opposition parties have rejected a request by the Cyprus government to urgently discuss five bills concerning the management of non-performing loans (NPLs) and the takeover of the Co-op by the Hellenic bank...
  • Cabinet approves NPL reduction bills

    Cabinet approves NPL reduction bills

    Four bills and regulations that will significantly improve the way non-performing loans (NPLs) are dealt with and provide for incentives, penalties and e-auctions were approved by the Cabinet on Thursday...
  • Cyprus property value change notification

    Cyprus property value change notification

    The owners of property in Cyprus must be notified by the Land Registry personally if there is any significant change in the value of their property the island's Supreme Court has ruled...
  • Cyprus property rent reforms

    Cyprus property rent reforms

    It should soon be easier for landlords to recover their properties in Cyprus from tenants who fail to pay the rent if the bill submitted to parliament by the DISY parliamentary group is approved...
  • Limassol high rents protest

    Limassol high rents protest

    Hundreds of mainly young people carrying banners and slogans staged a protest in Limassol against the large increases in rents for homes and apartments, which makes it almost impossible to rent...

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