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20th April 2024
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Yearly Archives: 2012

Articles

Kill the chicken, eat the eggs, pretend it didn’t happen

Pavlos Loizou MRICS VRS -
Little has been done to resolve the problems that precipitated the crisis in the property sector; many are resisting the need for change and seem intent on making the same mistakes again as if the crisis never happened.
News

Developers unhappy with property tax changes

George Psyllides -
The Land and Building Developers Association has warned that the new property tax regime agreed as part of the island's bailout conditions will threaten prospects for the sector's recovery.
News

Construction sector investment retreats

David Crowther -
The reduction of investment in the island's construction sector continued in September increasing the uncertainty about its outlook as there are no prospects of a recovery in the foreseeable future.
Articles

Problems will continue after property tax shakeup

Nigel Howarth -
Significant changes to the way Immovable Property Tax is to be calculated are contained in the island's bailout conditions bringing to an end the use of 1980 values but leaving some problems unsolved.
News

Cyprus draft bailout conditions leaked

Nigel Howarth -
The draft MoU between the government and the Troika is in the public domain. We summarise the specific points in the Memorandum of Understanding relating to the housing market and immovable property regulation & taxation.
News

Armou families dealt another blow

Jean Christou -
The Cyprus Electricity Authority (EAC) has confirmed that it will cut the power to the homes of those living on the stricken development at Armou in Paphos following an order instructing the families to leave.

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