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Archive for 2010

Approach to property tax causing confusion

The Cyprus government plans to raise money by adjusting the valuation of real estate, which is still being calculated at 1980 prices, has sparked a political storm that has added to the general confusion surrounding the issue.

Cyprus overseas property market collapse

Figures issued earlier today by the Cyprus Department of Lands and Surveys reveal that the Island’s overseas property market collapsed in 2009 with a mere 1,761 properties being sold to non-Cypriot buyers during the year.

Property sales in Cyprus fell in 2009

Although the number of properties sold in Cyprus during December 2009 showed an overall improvement on the number sold during December 2008, total property sales over the year fell.

Cyprus ministers confirm property tax plan

Following their meeting earlier today, the Cyprus Finance and Interior Ministers have confirmed the government plans for its proposed reappraisal of the Island’s property tax system.

Taxing meeting for Cyprus ministers

The Interior and Finance Ministers of Cyprus are meeting today to discuss the technical issues involved in implementing the recently announced proposals for reassessing the Island’s property tax rates.

More attack Cyprus property tax grab

Property developers, estate agents and the Cyprus Chamber of Commerce have followed DISY Vice President Averof Neophytou in attacking the government’s proposed tax grab on property.

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