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Archive for March, 2013

Robbed by property fraud

Liberal Democrat MP Andrew Stunell raised the case of a constituent who had been subject to property fraud in Cyprus following the default of Alpha Bank and has asked for a meeting about the issue.

Cyprus property mis-selling disputes

A research briefing paper concerning property mis-selling disputes in Cyprus is available on-line at the Libraries of the House of Commons and House of Lords and the Parliamentary Office of Science and Technology.

Government scraps property tax bill

The Cyprus Interior Minister, Socrates Hasikos, has announced that plans drawn up under the Christofias administration which aimed to raise €180 million by increasing Immovable Property Tax have been scrapped, for now.

Hope for property sales in Cyprus

Although Cyprus continues to negotiate a bailout deal with the Troika, there are some early signs that domestic and overseas buyers are returning to Paphos despite the economic uncertainties.

Marshall Case creates Conflict of Law

A Cypriot District Court ruling concerning jurisdiction throws cold water on a ruling by the High Court in London that the claimants have the right to bring their action in the UK provided they do so within a six year limitation period.

Limitation time bomb awaits British home buyers

Under a new Cypriot limitation law that came into force in July 2012, time is running out for people who fail to address their foreign currency mortgage predicament within the six year limitation period.

UK tax man targets second home sellers

HM Revenue & Customs (HMRC) has launched a campaign aimed at raising cash from people who have sold properties that are not their main homes, but haven’t told the taxman about any profits they may have made.

Brilliant concept for Cyprus carnival king

It is not often that I report on non-property related matters, but I just could not resist bringing you this story which will thrust Cyprus into the top ten places for its brilliant minds and ingenuity.

Talk of visa-free EU travel tempts Chinese investors

As Cyprus steps up its charm offensive in China, media reports claim that Chinese investors (and those from other non-EU countries) will be granted visa-free throughout the EU once they have acquired a Cyprus residency permit.

Renting your property

Renting your property in Cyprus can be a source of additional income, but as a landlord you need to take some simple steps to help ensure that the relationship with your tenant(s) remains good.

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