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Archive for July, 2010

Cyprus property tax increase heading for the bin

The Cyprus government’s plans to raise an additional 80 to 100 million Euros in taxes from property owners in efforts to combat the recession may be rejected along with a proposed bill that would increase corporate tax by 1 percent.

Title Deed law changes delayed

The Cyprus government has been unsuccessful in its attempt to introduce the five bills designed to accelerate the issue of Title Deeds by the end of the parliamentary session. Talks on their substance will continue after the summer recess.

Building permit numbers slow in April

Latest figures from the Cyprus Statistical Service show that building permits for the construction of 1,176 residential properties were authorised in April 2010, a decrease of more than 6 percent over the same period last year.

MRI Overseas Property subject of MEP question

MRI Overseas Property, who have been active in Cyprus and the subject of many complaints received by this magazine, has been ‘outed’ in the European Parliament by Roger Helmer MEP.

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