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Another empty promise?

Interior Minister Socrates Hasikos has become the latest in a long line of government ministers to promise reforms to the Cyprus property industry to “protect and enshrine the rights of property buyers”.

Hasikos admits valuations mistakes

The Cyprus Interior Minister, Socrates Hasikos, has admitted that mistakes were made during the recent property revaluations exercise undertaken as part of the island’s bailout agreement.

Immovable Property Tax a malignant tumour

Even though Hasikos claimed that Immovable Property Tax bills would be reduced, the new 2013 valuations will be seen as yet higher indirect taxation in 2015 for ‘high density build’ concrete palaces.

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