Cyprus property Blog and News

  • PROPERTY owners and purchasers have until April 25 next year to appeal the government’s valuation of their real estate and correct any other mistakes made in the process of fixing immovable property tax (IPT). The three-month extension – the previous deadline was end of January 2015 – was...
  • FINANCE Minister Harris Georgiades warned parliament anew on Tuesday that any decision affecting the foreclosures law would interrupt the disbursement of financial assistance that is due by December 15. Speaking during a joint meeting of the House Finance and Interior Committees, Georgiades said...
  • A TEAM of Troika technocrats visiting Cyprus will extend its stay on the island until next Tuesday to discuss the insolvency framework to be put in place on January 1 2015. Reliable sources have told the Cyprus News Agency that the extension was deemed necessary due to the complex provisions of four...
  • LAND developers have so far paid only a fraction of their immovable property tax (IPT) for 2014, with reports saying that just €328,000 out of a total of €4.2 million was paid. In a story run by daily Phileleftheros, a high ranking official with the Inland Revenue Department, Renos Ioannou, is...
  • A REPEAT of the foreclosures’ debacle may be on the cards with the so-called insolvency framework, which according to the bailout agreement must be enacted by year’s end. With the clock ticking, a visiting team of troika technocrats on Thursday discussed the new bankruptcy legislation with an...
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