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24th April 2024
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News

Property tax for all

A bill proposing a revised property taxation system under which every home owner will pay according to the 1980 value of their property will be put before a plenary session of parliament later this week.
Investment

Extra holiday to pass legislation on bank deposits

President Anastasiades may need extra time to get the deeply unpopular levy on Cyprus bank deposits through parliament and may have to declare Tuesday & Wednesday as public holidays to stave off a possible run on the banks.
News

Government scraps property tax bill

The Cyprus Interior Minister, Socrates Hasikos, has announced that plans drawn up under the Christofias administration which aimed to raise €180 million by increasing Immovable Property Tax have been scrapped, for now.
News

Town Planning Amnesty further extension agreed

A majority of Cypriot MPs have voted in favour of further extending period during which ‘Statements of Intent’ may be submitted under the provisions of the Town Planning Amnesty until the 30th April 2013.
News

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.
News

Perdikis to raise property law deficiencies in House

Cyprus MP George Perdikis is to question the House of Representatives over deficiencies in a law introduced last year that are preventing residents of leasehold properties Harbour Shore Estates at Coral Bay from getting their Title Deeds.
News

Title Deeds hopes dashed by latest property legislation

Residents of the Harbour Shore Estates at Coral Bay, some of whom have been waiting for their Title Deeds for more than 30 years, have found that the new Specific Performance Law introduced last year may have ruined their chances.
Articles

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.

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