Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Cyprus Property Action Group

CPAG update on transfer taxes and IPT

Earlier today CPAG, the Cyprus Property Action Group, issued an update regarding transfer taxes (Property Transfer Fees) and IPT (Immovable Property Tax)

Demonstrations against Cyprus banks

CPAG is organising a series of demonstrations in efforts to force the banks in Cyprus to disclose details of mortgages taken out by property developers to those homebuyers who have been duped into buying mortgaged property.

Cyprus property action group – update

The Cyprus Government is responsible for the lack of regulation and law enforcement in the property sector must now take full blame for any bad publicity resulting from their abject failure to act.

Immovable property tax & fraudulent practices

The Immovable Property Tax law based on 1980 values is to most foreigners a very confusing concept which has no parallel in other EU countries. Relying on this confusion, developers ensnare and contain clients in the Title Deed trap.

Cyprus – on the commission trail, buyer beware!

Just as anyone in Cyprus can become a property developer overnight without any requirement for qualifications, regulation or financial standing, there are even more...

Cyprus Property Rights – Real or Illusory?

Article 23 of the Cyprus Constitution is forthright about the property rights of individuals, including the provision for Government compensation in certain situations. However,...

Property buyers at the mercy of title deed traps

WE REFER to your article of September 22, "Law reform hopes to clear up title deeds trap". This reported that the House Legal Affairs...

The Cyprus Property File: Chickens Home to Roost

FOR THE CYPRUS PROPERTY sector, the current worldwide ‘credit crunch’ in banking adds to other hazards that may affect its attractiveness as an investment...

The continuing Cyprus property debate

First, let me say that we are sorry to hear that you are also suffering at the hands of an unscrupulous property developer. Would...

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Property sales collapse hits all markets

The historic collapse of 80 per cent in property sales in April hit the local and overseas market segments according to statistics from the Department of Lands & Surveys.

Historic collapse of property sales

Property sales in Cyprus have collapsed as a result of the coronavirus pandemic to a level only seen once before when the events of March 2013 made Cyprus a household name around the world.

Building permits maintaining strong growth

The number of building permits authorised in Cyprus during February 2020 provided for the construction of 680 new homes; an increase of 18 per cent compared to February 2019 according to official figures.

Cyprus passport programme under fire again

The Cyprus citizenship by investment programme, which enables well-heeled foreigners to obtain an EU passport for investments of at least €2 million, has come under fire again from the European Union.