Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 9th July 2020
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Property Transfer Fees reduction

A temporary fifty percent reduction in Property Transfer Fees is being considered by the Cypriot government in an effort to help clear the backlog of around 28,000 Title Deed applications.

Title Deed backlog costing millions

The Cyprus government stands to gain millions from the transfer of 39,490 Title Deeds sitting at the Land Registry according to the latest annual report issued by the island's Audit Office.

No Property Transfer Fees reduction this year

Cyprus Interior Minister Socrates Hasikos has said that there will be no reduction in Property Transfer Fees this year but it will be considered as part of a wider reform of property taxation next year.

Open letter to Socratis Hasikos

I have written an open letter to Interior Minister Socratis Hasikos following his announcement that the government intends to bring in legislation to address the problem of home buyers trapped without Title Deeds.

Who is parliament trying to protect?

We have to ask the question who is the Cyprus parliament trying to protect following the decision of the House Finance Committee not to put the 'hidden mortgages' bill before a plenary meeting of the House.

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Corrupt lawyers continue to plunder estates

Corrupt lawyersin Cyprus continue to plunder the estates of their deceased clients by calculating their fees for administering estates on the Cyprus Bar Association's 'Minimum Fee Regulations', which were abolished in 2018

Cyprus house price index up 2.5 per cent

The Cyprus house price index rose by an average of 2.5 per cent in the first quarter of 2020 compared to the previous quarter according to official figures from the Cyprus Statistical Service (CYSTAT)

MPs commit to expedite citizenship bills

MPs have committed to expediting the bills and regulations aimed at improving the transparency of the citizenship-by-investment programme, so that the items can be voted on before the House breaks for the summer recess.

Decision soon on Pissouri homes devastated by landslide

The government said Monday it will soon have in hand the recommendations of experts concerning the landslide in the area of Pissouri, which has seriously damaged dozens of properties throughout the years.