Cyprus property Blog and News

  • CABINET has approved a bill to extend the deadline for paying Immovable Property Tax until November 30, 2015. The bill also provides for a 15% discount for those who pay by the end of October – plus a further discount of 2.2% is available if payment is made online via JCC Smart or through a...
  • The British parliament concerned about inability of Cypriot authorities’ to protect the property rights of United Kingdom citizens, who become investors in Cyprus real estate back in 2007. Buyers suddenly found out that all of them would get no title deed despite the fact they bought real...
  • CYPRIOT MPs took a giant step to resolve the island’s Title Deed-cum-fraud mess that has blighted the property sector and tarnished the reputation of Cyprus at a plenary session of parliament earlier today. They approved the ‘hidden mortgage’ bill that will sort out the mess created by the...
  • A BILL addressing the issue of ‘trapped’ home buyers without title deeds looks set to breeze through the House plenum this Thursday, following a final-hour consensus struck between the government and political parties. The core of the government legislation addressed the cases of some 30,000...
  • SINCE my comments concerning the draft bill designed to protect ‘trapped buyers’ from losing their homes despite having paid for them were published in the Sunday Mail, it appears that Interior Minister Socrates Hasikos has had a change of heart. The draft bill, which enabled Title Deeds to be...
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