Cyprus' leading on-line resource for home buyers & real estate investors -

28th March 2024
Cyprus Property News logo

Monthly Archives: June, 2011

No decision on proposals to hike property tax

Although President Christofias has won support to impose a tax of €1,000 a year on profitable companies, no decision has been reached on plans to increase the tax on property.

Cyprus construction industry shows no sign of recovery

The Island's construction industry is still struggling through recession according to the Federation of Building Contractors Associations of Cyprus (OSEOK) with a third of its workers unemployed.

House prices drop, bad loans rise

In April we reported that the price of property in Cyprus had fallen by more that nine percent during 2010; our figures were based on the RICS (Cyprus) Property Price Index. In its latest Economic Bulletin, the Central Bank paints a somewhat rosier picture.

Club hits back at world’s tallest statue project critics

Plans to build the world's tallest statue at Pentakomo/Monagrouli on Cyprus' southern coast have come in for so much criticism in the local media that the local representative of the Russian Institute has hit back at its critics.

We will get your Title Deeds for a price

A number of organisations have contacted buyers who have yet to receive Title Deeds for their property offering to apply for their issuance under the recently passed 'Town Planning Amnesty' laws.

Government planning amnesty bulletin: part 4

We look at the Immovable Property (Tenure, Registration and Valuation) law in our fourth and final article on the Interior Ministry’s bulletin about the recently approved bills designed to alleviate problems in issuing Title Deeds as a result of planning infringements.

Top Stories