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18th April 2024
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Yearly Archives: 2009

Cyprus tax receipts continue to fall

Capital Gains Tax receipts in Cyprus, Stamp Duty and Immovable Property Tax continue to fall as a result of the on-going slump in the real estate market.

Qatari investment deal collapses

It seems that the Qatari plans to invest in the development of a €500 million mixed-use real estate project in Nicosia may have collapsed

Cyprus courts in chaos

A letter from a lawyer published in the Cyprus Mail recently suggested that property buyers who had run into difficulties legal with their developer could seek redress through the courts.

A good time to buy

Over the last three months, prices of property in Cyprus have fallen by around three per cent, which although modest, is part of a trend that will probably be gradual. We should see more of a price reduction in the second quarter.

Reactions on call for Cyprus ban

Whether or not you agree with Lord Jones’ calls for the UK Government to take positive steps to protect British citizens buying property in Cyprus and put pressure on the Cyprus government to clear up the mess, he certainly seems to have ruffled a few feathers!

UK politician calls for Cyprus ban

Cypriot property companies have described calls by Lord Jones of Cheltenham for their UK offices to be closed and for their presence at exhibitions to banned as "extreme".

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