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Archive for September, 2015

Immovable Property Tax discount

The Cyprus cabinet has approved a bill to provide a discount on Immovable Property Tax for early-bird payers and extend the deadline for paying the property tax by two months until 30 November.

August property sales weaken

Reversing the positive trend of recent months, the number of property sales in Cyprus during August fell compared with the number sold in August 2014 according to the Department of Lands & Surveys.

Hidden mortgage bill passed

At today’s plenary session of the Cyprus parliament MPs approved the hidden mortgage bill designed to resolve the issue of ‘trapped’ property buyers who are unable to obtain Title Deeds due to their developer’s debts.

Hidden mortgage bill expected to pass

The hidden mortgage bill, designed to assist trapped home buyers who were duped into buying property built on land that nefarious developers had earlier mortgaged to the bank, is expected to pass at tomorrow’s plenary.

Hole in hidden mortgage bill plugged

The hole in the hidden mortgage bill, designed to protect those who were duped into buying property built on land that nefarious developers had earlier mortgaged to the bank has been plugged.

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