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Taxed on olive tree he does not own

Olive trees have a special status in Cyprus because of their potential to bring in a significant income but here’s a bizarre story about a Cypriot man who was forced to pay property tax on an olive tree he doesn’t own.

Recidivism: the curse on Cyprus

Unless the Cyprus government cracks down hard on recidivism in all its forms, an international risk management consultant predicts that Cyprus is likely to hit another 2013 scale financial crisis within five years.

Focus on Pegeia property sales

The Paphos municipality of Pegeia, which has the largest population of British expatriates living in Cyprus, is the focus of an analysis of property sales undertaken by Delfi Partners and Company.

Keep calm and carry on, expats urged

British expats in Cyprus have been advised to keep calm and carry on following Thursday’s BREXIT vote that has left many of them fearful of what the future may hold once Britain leaves the EU.

Debt-to-asset swaps distort property sales

Although property sales in Cyprus appear to have increased by 25 per cent during the first five months of 2016, the numbers include debt-to-asset swaps as part of the banks’ restructuring deals.

Applying for Title Deeds (update 17 May)

Following the many emails I’ve received this article explains how buyers may apply for the Title Deeds to the property they purchased under the provisions of the ‘hidden mortgage’/’trapped buyers’ law.

Time running out for UK expats

The Electoral Commission is urging UK expats to register and vote in the EU referendum that will be held on 23rd June to decide whether the United Kingdom will remain or leave the European Union.

50,000 housing units in Cyprus unsold

Up to 50,000 housing units in Cyprus have remained unsold for a considerable time based on the difference between the number of building permits authorised and contracts of sale deposited at Land Registry offices.

Resolving NPLs with innovative solutions

A recent seminar in Nicosia focused on the options open to banks in dealing with non-performing loans (NPLs) in Cyprus. Financial expert Erol Riza sums up the advice from key international financial institutions.

UK Expats #YourVoteMatters in the EU referendum

UK citizens living in Cyprus are encouraged to register and vote in the forthcoming referendum to determine whether the United Kingdom continues to remain a member of the European Union.

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