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Reports written by Angelos Anastasiou

Land registry’s hands tied on foreclosures

Property foreclosures have already begun but the land registry’s deputy director was unable to confirm whether they relate to primary residences as precisely what constitutes a primary residence is unclear.

Primary residence protection bill by end-March

A bill designed to protect families’ primary residences and premises of small businesses with a turnover up to 2 million Euros and employing up to 10 staff from seizure should be ready by end of this month.

Six thousand foreclosure requests filed at land registry

Six thousand foreclosure requests filed by banks at land registry offices across Cyprus remain pending and are not expected to proceed soon due to the land registry offices heavy workload.

Special unit for tax dodgers

In the wake of yesterday’s report about the thirty two property development companies that have yet to settle their large Immovable Property Tax bills, the government is planning a special unit to deal with tax dodgers.

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