Posts tagged with "government"
Sleeping rough for justice
TWICE physically assaulted and hospitalised for 6 days at the hands of Cypriot property developers Christoforos Karayiannas & Son Ltd a British property buyer, Cornelius (Conor) O’Dwyer, is stepping up the pressure on the Cypriot authorities to act.
In an an […]
Published on: 13th July, 2008 | Popularity: 91% | Continued
No title deeds - no sale
LAST week, Jean Christou reported how an elderly woman, who has been waiting for the Title Deeds to her property since 1982, was being held to ransom by her developer who is demanding more than €25,000 in what he claims […]
Published on: 8th June, 2008 | Popularity: 40% | Continued
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
VAT delay on Cyprus land
Cyprus’ Minister of Finance, Charilaos Stavrakis, says the Government is confident that it will be able to secure a postponement of the introduction of VAT on building plots.
Under its commitments to the EU, Cyprus was to have levied a 15 […]
Published on: 2nd June, 2008 | Popularity: 14% | Continued
Elderly widow victim of property scam
AN 83-YEAR-OLD British widow who has been waiting 29 years for the title deeds to her home was shocked recently to receive an Immovable Property Tax (IPT) bill from her developer, Korfi Mountain Estates Limited, for €25,000 when it should […]
Published on: 1st June, 2008 | Popularity: 14% | Continued
Cyprus bank eases loan restrictions
THE Central Bank of Cyprus has eased the loan restrictions for the purchase or construction of second properties from 60% to 70%.
According to a local newspaper report, the Governor of the Central Bank, Athanasios Orphanides, informed the banks on Tuesday […]
Published on: 28th May, 2008 | Popularity: 6% | 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