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24th April 2024
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Monthly Archives: September, 2009

Report on destruction of sea caves at Paphos

As well as causing irreparable damage to the sea cave rock formations at Peyia in Paphos, large pipes have also been laid going into the sea. Inspectors need to visit Chlorakas, Peyia, Emba and Kissonerga on a daily basis and carry out extensive checks.

Stimulate Cyprus property sales by lowering prices

If developers in Cyprus want to stimulate property sales, they must lower their prices. Economic conditions have changed dramatically over the last year and people are not prepared to pay the same prices today as they were a year ago.

Fears of more unemployment in construction industry

The Chairman of the Cyprus Contractors Federation, Sotos Lois, fears that unemployment in the construction industry could rise to 20,000 next year.

Cyprus government urged to cut property taxes

The government of Cyprus has been urged to cut property taxes by the Land and Building Developers Association to help breath some life into the island’s beleaguered real estate market.

Cyprus property tax receipts plummet

Figures released by the Cyprus Inland Revenue Department reveal that tax receipts resulting from the sale and acquisition of property during the first eight months of 2009 have plummeted by more than €200 million compared to he same period in 2008.

Cyprus government Title Deed proposals

Earlier today, the Cyprus Sunday Mail published an article by Antonis Loizou FRICS in which he outlined the content of the bills that have been drafted by the Cyprus government to alleviate the Title Deed issue problem faced by many property buyers.

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