Cyprus Property News magazine for overseas buyers & real estate investors

Monday, June 1, 2020

Jacqueline Agathocleous

Chinese investors eyeing Malta

Delays by the Island's government in completing a proposal for the Chinese company Far Eastern Phoenix (FEP) to redevelop the old Larnaca airport could result in Cyprus missing out on the investment altogether.

VAT law protest by building industry workers

Following a warning in May that the construction industry would take "dynamic measures", workers staged a demonstration outside parliament last Thursday over the new VAT laws that threaten their survival.

No respite as property slump continues in 2012

Property and rent prices have continued to drop in the first quarter of 2012, making it harder for the Cyprus market to exit the slump, a spokesman for RICS Cyprus said on Wednesday.

Transfer of development rights to be aided by new bill

Proposals designed to assist those whose properties are located in environmentally protected areas or that have been affected by public works involve transferring their development rights to another property.

Striking construction workers threaten further action

The Valentine's Day strike by workers in the Cyprus construction industry went ahead as planned with the strikers threatening to visit construction sites today to ensure there are no subcontractors working.

Club hits back at world’s tallest statue project critics

Plans to build the world's tallest statue at Pentakomo/Monagrouli on Cyprus' southern coast have come in for so much criticism in the local media that the local representative of the Russian Institute has hit back at its critics.

Remaining planning amnesty bills passed

Yesterday Parliament passed the remaining two ‘town planning amnesty’ bills aimed at tackling the estimated 130,000 properties in Cyprus without Title Deeds.

Title Deed bills run into problems

The passage of two of the five bills designed to resolve the Title Deed nightmare have been delayed by a number of questions raised during recent discussions.

Laws to iron out problems with Title Deeds

Parliament is currently in the process of preparing a law in cooperation with the government and banks that will put an end to the current Title Deeds system that has left hundreds of home buyers at the mercy of debt-riddled developers.

Agreement on town-planning development in SBAs

The Republic of Cyprus is heading towards an agreement with the British Sovereign Bases over town-planning development of areas under their sovereignty.

Cyprus property tax increase heading for the bin

The Cyprus government’s plans to raise an additional 80 to 100 million Euros in taxes from property owners in efforts to combat the recession may be rejected along with a proposed bill that would increase corporate tax by 1 percent.

Revised Title Deed legislation hits snag

The much-anticipated bills to resolve the Title Deed issues have hit a snag, after it emerged yesterday that not all concerned had been properly consulted during the preparation of the legislation.

Title Deed solution soon?

Yesterday, the Cyprus parliament began discussions on the bills that aim to put an end to the difficulties faced by Cypriot and foreign property buyers in acquiring their Title Deeds.

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