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29th March 2024
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Monthly Archives: October, 2012

Luxury property sales weathering the storm

New research indicates that the high-end luxury market for property in Cyprus is weathering the storm with sales in Limassol doing particularly well compared to other parts of the island.

Property tax set to increase

Property taxes in Cyprus are set to rise following the submission of a bill to parliament earlier today by the government designed to raise an additional €29 million/annum in state revenues.

Why is the EU withholding information?

MEP Sir Graham Watson has asked the European Union to explain why certain documents concerning a case involving property in Cyprus have not been made available to a person he referred to as 'X'.

Hundreds of villa buyers facing ruin

After investing in property in Cyprus, hundreds of UK investors from the North East are at risk of losing everything; it seemed like a dream opportunity but has turned into a nightmare.

Are the authorities waiting for a tragedy like Aberfan?

Local people knew that the land on which the stricken homes at Armou were built was unsafe, so why did the authorities allow their construction without taking ground conditions into account when issuing building permits?

Developers oppose new property tax

Government proposals to introduce a tax on large houses and the troika proposal to accelerate foreclosures have been met with opposition from the Cyprus developers association.

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