Cyprus Property News magazine for overseas buyers & real estate investors

Thursday 6th August 2020

Hermes Solomon

A vicious circle of deceit

Unfortunately, our children will also have to pay for those who brought the country down by their lies and deceit. But rather than glorify them as eternal heroes, they will refer to them as vermin.

Immovable Property Tax a malignant tumour

Even though Hasikos claimed that Immovable Property Tax bills would be reduced, the new 2013 valuations will be seen as yet higher indirect taxation in 2015 for 'high density build' concrete palaces.

Playing games with property taxes

When you consider that a single person who owns a property pays 50 per cent more Immovable Property Tax than a couple or twice as much as four joint owners of an identical property, doesn't it seem unfair?

Property highlights all that is wrong

For years, our administration and banks have cleverly created a captive audience, holding householders to ransom by refusing to issue title deeds. Oh yes, there is method in this title deed madness!

Legislation changes will not end Title Deed nightmare

The tardy, dishonest and purposefully complex manner in which Cyprus chooses to sell property will rebound explosively on those involved in the supply chain; the town planning amnesty will bring no peace.

Oh, what a tangled web we weave

The absence of Title Deeds for half of the houses on the island of Cyprus is no help to the construction, trade, and indicative of haphazard practice.

Under the mattress is just not safe enough!

THE PHRASES 'toxic debt' and 'quantitative easing' are now fashionable. What do they mean? The former means quarantining irredeemable bank debt to give banks...

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Property sales in Cyprus improving

The number of property sales in Cyprus is improving following the government's decision to introduce an interest rate subsidy for new housing loans granted from 1st March 2020 until 31st December 2020.

Tender awarded for Larnaca port and marina

The tender to develop the Larnaca port and marina has been awarded to Eldeman Holding BV and Alexandrou Corporate Services, comprised of Israeli and Cypriot interests.

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