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Archive for August, 2013

Restrictive measures road map unveiled

The restrictive measures on the movement of capital that Cyprus introduced in March could remain in place for a year or two and will only be removed gradually to safeguard financial stability.

Britons cases scheduled for trial in Cypriot court

Provisional trial dates have been set for a Cypriot court to hear cases involving hundreds of UK buyers who were misadvised when buying properties in Cyprus and who are facing ‘unpayable’ loans.

Why should any foreigner buy property?

In an open letter to President Anastasiades, a foreign resident suggests two measures designed to help rejuvenate the island’s beleaguered property market and restore its tarnished image.

Construction crisis deepens

The crisis in the island’s construction industry is worsening according to the figures published earlier today by the Cyprus Statistical Service, which show a continuing decline in building permits.

Playing games with property taxes

When you consider that a single person who owns a property pays 50 per cent more Immovable Property Tax than a couple or twice as much as four joint owners of an identical property, doesn’t it seem unfair?

Housing market in Cyprus

An insight into the island’s property sector and housing market are contained in ‘The Economic Adjustment Programme for Cyprus’, recently published by the European Commission.

Investing in real estate debt

Investment in private real estate debt is the acquisition of performing or non-performing real estate loans from private lending institutions or from government sponsored ‘bad banks’.

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