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20th April 2024
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News

Cyprus draft bailout conditions leaked

The draft MoU between the government and the Troika is in the public domain. We summarise the specific points in the Memorandum of Understanding relating to the housing market and immovable property regulation & taxation.
Articles

Title Deed mess must be considered by troika

Troika wants the banks to repossess homes held against non-performing loans within 18 months, but they cannot do this without taking into account the Title Deed mess that blights thousands of buyers.
News

Homeowners need protection from troika proposals

Troika's proposal to accelerate loan recovery by the banks could spell disaster for many home buyers; they could lose their homes within 18 months even though they may have paid for them in full.
News

Government tax hike will hit small home owners

Contrary to assurances given to the media by the Interior Minister Eleni Mavrou that small home owners would not be hit by increases in property taxes, government plans tell a different story.
News

Troika in moves to address Title Deed issue

Suggestions to resolve the Title Deed-cum-fraud mess have been put forward by the troika in their draft memorandum to the government following a review of the Island's economy published in July.
News

Troika reforms include property tax hike

Tax hikes on property, alcohol, tobacco, and petrol are on the cards plus a one per cent increase in VAT together with cuts in public sector spending according to a leaked Troika delegation document.
Investment

Island under the Troika microscope

The Island will be put under the microscope by members of the Troika delegation who arrived in Cyprus yesterday for a fact-finding mission that is expected to play a crucial role in Cyprus' EU bailout application.

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