Cyprus property Blog and News

  • SINCE announcing that those who purchased property for which a Title Deed has yet to be issued are required to pay Immovable Property Tax this year, I have been inundated with requests for further information. I am grateful to Mr Christofi at the Finance Ministry’s Tax Department for providing me...
  • PAPHOS Mayor Savvas Vergas will appear in court on Thursday to hear charges of conspiracy to commit a crime, related to SMS messages sent from the mobile phone of a municipal worker to several people involved in a major property fraud case. Vergas, too, was allegedly one of the recipients of the...
  • President of the Eurogroup Jeroen Dijsselbloem INTERNATIONAL lenders will release the next tranche of financial assistance only once Cyprus puts in place an effective foreclosures framework in line with the terms of its bailout agreement, a senior EU official said on Monday. “Putting these legal...
  • Paphos District Court AT A hearing the Paphos District Court earlier today, the judge ordered that four of the five individuals initially detained in connection with the alleged Aristo Developer’s Skali land scam will be tried on 30th October. The four detained are the founder and MD of Aristo...
  • SPEAKING before the parliamentary Interior Committee, Interior Minister Socrates Hasikos admitted that mistakes had been made in updating 1980 property valuations to 2013 values. He said that the government is considering extending the deadline for receiving objections from the end of 2014 to April...
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