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Archive for December, 2010

Cyprus tax loses rose to 626 million Euros in 2009

A report by the Island’s Auditor-general, Chrystalla Georghadji, show that Cyprus lost revenues amounting to 626 million Euros in 2009.

Furious Paralimni residents still await electric supply

Residents of a block of flats in Paralimni, a coastal town in the south east of Cyprus, who are without electricity are furious that their developer has built an illegal electricity substation in one of their garages to supply another building.

MEP Alyn Smith asks Cyprus president to help

In a letter to the President of Cyprus, Demetris Christofias, MEP for Scotland Alyn Smith asks if an impartial ombudsman or foreign investor advice service could be established to deal with the many property issues.

Overseas sales remain steady in November

The Cyprus overseas property market remained steady last month with sales during the first eleven months of this year maintaining their 8 percent increase on the numbers sold during the first eleven months of 2009.

Total sales continue to fall during November

The number of properties sold in Cyprus fell for the fifth consecutive month during November, sparking worries of the difficulties facing the market in 2011.

Plans for new shopping malls in Cyprus

Plans have been unveiled for the construction of two shopping malls in Cyprus; one in the area of Lakatamia-Anthoupolis in Nicosia, the second in Paphos.

Cyprus to host international real estate congress

FIABCI, the International Real Estate Federation, will hold its annual world congress in Cyprus during May 2011 at the Coral Beach Hotel and Resort in Paphos.

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