Latest Headlines

Archive for September, 2011

Property revaluations to start in 2012

In Cyprus, an individual’s Immovable Property Tax liability is based on the Land Registry’s assessment of the market value of a property at 1st January 1980; this is set to change as a reassessment of property values will start next year.

Around 28,000 Title Deeds issued since 2009

Interior Minister Neoclis Sylikiotis has said that around 28,000 Title Deeds have been issued since 2009 following the introduction of new mechanisms and greater coordination between the relevant services.

Town Planning Amnesty architects and engineers

The Cyprus Scientific and Technical Chamber (ETEK) has published a list of architects and civil engineers who can assist in the submission of Statements of Intent and Applications under the provisions of the Town Planning Amnesty laws.

Meeting to discuss Oroklini theme park scheduled

A critical meeting is scheduled for Monday 26th September to discuss plans to build a theme park close to the Larnaca village of Oroklini on the south eastern coast of Cyprus.

Cyprus Town Planning Amnesty penalties announced

The Ministry of Interior has published the penalty charges to be levied under the temporary provisions of the Cyprus Town Planning Amnesty for planning irregularities resulting from overbuilding.

Owners kept in the dark over the future of their homes

Ongoing problems with their Cyprus homes have resulted in one buyer receiving medical treatment for depression and stress and there are fears that a number of homes may be demolished.

Conveyancing property in Cyprus and due diligence

One of the issues that people face when buying real estate in Cyprus is that there appears to be no defined tasks that a lawyer is required to undertake when conveyancing property, which may lead to severe complications for the buyer at a later date.

Cyprus property sales slump slows

Although figures from the Land Registries across Cyprus reveal that the number of properties sold fell for the fourteenth consecutive month during August, the rate of the fall appears to be slowing.

Ceiling set on value of Swiss Franc

The Swiss National Bank has set a minimum exchange rate of CHF 1.20 to the Euro and said that it will enforce this minimum rate with the utmost determination.

Investments in construction at lowest level in years

Investments in the Cyprus construction sector remain at their lowest level in years, with no signs of a recovery on the horizon according to the latest figures from the Island’s statistical service.

Back to top