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All reports tagged with: "land registry"

Cyprus court upholds trapped buyers law

The Limassol District Court has upheld the ‘trapped buyers’ law overturning previous district court rulings in favour of banks that blocked Title Deeds being issued to some 70,000 trapped buyers.

Paphos Land Registry abuse of power

Officials at the Paphos Land Registry have been accused of breach of power by a local businessman who claims that certain officials have been deliberately dragging their feet over the survey of a plot of land.

New obstacle to solving Title Deeds mess

Solutions to the Title Deed mess resulting from court decisions declaring that the ‘Trapped Buyers’ law is unconstitutional will be the subject of a meeting between all parties on 16th June.

Corruption in the Land Registry

Various cases of possible corruption at the Land Registry have been uncovered by the Cyprus Auditor General, Odysseas Michaelides, together with tax evasion by lawyers and doctors and under-charging.

Land Registry corruption investigation

A number of land registry officials were taking bribes according to an internal audit and are under investigation for corruption; warrants have been issued to locate the money they took.

Three hundred thousand lost sheep

The Auditor General’s report for 2013 states that more than three hundred thousand owners of property in Cyprus cannot be taxed on their property as the Land Registry has no way of knowing who they are.

Numbnuts at Paphos Land Registry

Despite being put under pressure the Government reduce the backlog of Title Deeds, numbnuts at the Paphos Land Registry are refusing to accept current British passports as identification.

Land Registry secrecy and mistrust

While the Land Registry refuses to disclose methodologies it employs to value properties it merely reinforces the atmosphere of suspicion and mistrust that pervades the Cyprus property market.

Clarity over property values essential

Land Registry officials have been allowed to arbitrarily determine property values for far too long to boost tax revenue for the state oblivious to the distortions caused to the property market.

Title Deed fiasco haunts IPT collection

Neither the Inland Revenue Department nor the Land Registry, responsible for issuing Title Deeds, has a mechanism to apportion blame for the non-issuance of Title Deeds, so IPT notices will only be sent to property owners.

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