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Confusion over Cyprus property values

While the European Commission contends that Cyprus properties are overvalued by 5 per cent, the European Central Bank considers they are undervalued by between 4 per cent and 16 per cent.

What a mess: Property valuations

While property values in the Cyprus tourist areas have fallen by 30%, foreign demand is still down 70%. Antonis Loizou FRICS considers the problem and wonders what will happen next.

Approach to property tax causing confusion

The Cyprus government plans to raise money by adjusting the valuation of real estate, which is still being calculated at 1980 prices, has sparked a political storm that has added to the general confusion surrounding the issue.

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