Cyprus property Blog and News

  • 28 Jul 2015

    Aristo innocent

    THE FOUNDER of Aristo Developers and former chairman of the Bank of Cyprus, Theodoros Aristodemou, his wife Roulla and the former municipal engineer Savvas Savva have been found innocent of all charges relating to the illegal division of land at Skali. The decision of the court was announced...
  • FURTHER details have emerged of the eagerly anticipated reduction in Property Transfer Fees, which are paid by the purchaser and become payable whenever a property in Cyprus changes hands and are the Cyprus equivalent of the Stamp Duty Land Tax (SDLT) payable in the UK. The key features of the...
  • THE SALE of loans to third parties and the issue of Title Deeds were among the prior actions Cyprus had to take before the next tranche of financial assistance was released, reports said on Wednesday. According to the Cyprus News Agency (CNA), to receive some €500mln Cyprus must enact legislation...
  • Similar to the draft law that makes property buyers free from obligations to banking companies or the state for sellers who have refused to pay their obligations, developers also want that kind of protection from customers who cease to pay their own. Pantelis Leptos, a man chairing the...
  • A TEAM of geologists should have a study on the Limni area in Pissouri ready by the end of this month looking into how to combat the land slippage problem, according to Animal Party head Kyriakos Kyriakou. Although the interior ministry could not confirm this, it recently announced it was...
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