Cyprus property Blog and News

  • THE FINDINGS of a police probe into a controversial land demarcation permit issued to Aristo Developers are expected to be handed to the Attorney-general’s office by the end of the week. The AG will then decide whether any prosecutions are warranted, in a case involving allegations that Aristo, in...
  • THE CYPRUS Technical Chamber (ETEK) has demanded the Land Registry publish the criteria they have used to determine immovable property values for taxation purposes. The chamber’s chairman Stelios Achniotis argued on state radio on Wednesday that the state was obliged to provide transparency to the...
  • YESTERDAY the Cyprus Finance Minister and the Minister of the Interior continued their discussions with political party leaders on the foreclosures bill in efforts to seek its endorsement by parliament. However party spokesmen said they still had reservations about several provisions in the bill and...
  • THE CABINET approved on Wednesday the amendments to the bill that were considered after pressure from all stakeholders, including political parties, property developers and home-owners, who wanted certain safeguards to be introduced, despite the Troika’s insistence of harsher measures to ensure...
  • THE INLAND Revenue Department (IRD) has no mechanism to implement a clause in the immovable property tax (IPT) law which aimed to address the question of who should pay tax on properties sold without title deeds because it is unable to apportion blame for non-issuance, daily Politis reported on...
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