BUYERS of properties at an unfinished development in Paphos are appealing to the authorities to step in and find a way to reach a solution which will allow them to retain and complete their homes after the developer went bust and is believed to have fled to the UK.
However, the future looks bleak,...
EXPATRIATES who rent out their homes in Britain could find themselves unable to benefit from their personal allowance if Chancellor George Osborne presses ahead with plans to force non-residents to pay tax on all of their UK income according to a report in the Daily Telegraph.
Currently, EU...
APPARENTLY oblivious to the fact that Cyprus will not receive the next tranche of the bailout if the foreclosure bill does not pass into law, the parliamentary debate on the bill continues at joint sessions of the House finance and interior affairs committees in efforts to reconcile political...
THE GOVERNMENT is set to clampdown on profiteering by banks that increase their profits by raising interest rates and margins arbitrarily.
This profiteering has led to significant problems for borrowers – particularly those who took forex loans (predominantly Swiss France) to purchase property,...
FOLLOWING his announcement last month that the cabinet was close to approving a temporary 50% reduction in Property Transfer Fees, Cyprus Interior Minister Socrates Hasikos has advised the public not to expect a reduction this year.
In a written statement the minister said that the possibility of...
