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Archive for January, 2014

Developers want more time to pay banks

A spokesman for the island’s property developers believes that a fire sale of real estate during a recession would not be good for the country and developers are asking for more time to settle their debts.

Cyprus back in the top 10

Cyprus moved up to take 10th spot in the Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.

Developers attract half billion of fresh money

Property developers have attracted half a billion Euros to Cyprus and the sector is one of the main areas attracting foreign investors according to the Interior Minister, Socratis Hasikos.

Immovable Property Tax refunds on their way

Those who paid their Immovable Property Tax for 2013 prior to the changes agreed by parliament on 18th October should soon an envelope from the Inland Revenue Department with a refund.

European Court action gathers pace

Those wishing to join the action group announced month that is seeking compensation at the European Court of Justice for the mis-selling of Swiss Franc loans have until the 8th February 2014 to sign up.

Cyprus property sales hit new record low in 2013

Property sales in Cyprus fell for the sixth consecutive year in 2013 with sales down more than 80 percent compared with the peak year of 2007 and the lowest number since records began in 2000.

Fall in property sales continues

Property sales in Cyprus during December fell 23 percent compared with December 2012 although sales in Limassol increased according to latest statistics from the Department of Lands and Surveys.

Building contractors plea for state support

Costas Roushias, the president of the Federation of Associations of Building Contractors Cyprus (OSEOK), has called on President Anastasiades for an 11th hour rescue of the sector.

Revised Land Registry charges published

The Department of Lands and Surveys has published a list of its revised charges and fees, many of which came into effect during 2013 and have been in operation for several months.

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