Cyprus property Blog and News

  • WHEN Interior Minister Socratis Hasikos told CyBC that “people will be asked to pay less [Immovable Property Tax] than last year and the reason is very simple, many more properties have been included”, he was being economical with the truth! It is clear from the table below that the Cyprus...
  • Limassol District Lands Office THE submission of the two government bills revising property tax coefficients to next week’s plenum has come under question as yesterday’s session of the House interior committee revealed several concerns with regard to the way property revaluation to 2013 prices...
  • THE GOVERNMENT is looking into the possibility of reducing Property Transfer Fees by 50 per cent to help clear a backlog of some 28,000 Title Deed applications. Interior Minister Socratis Hasikos said the cabinet was close to approving the change but noted that it would be a temporary arrangement....
  • A BILL exempting property valued up to €200,000 from immovable property tax (IPT) was approved by the Cabinet yesterday. Speaking to the press after the session, deputy government spokesman Viktoras Papadopoulos said that for all other properties, valued in excess of €200,000, the tax levy would...
  • THE STATE – government and parliament – has failed miserably over the Title Deeds issue, Interior Minister Socratis Hasikos said yesterday, as Cyprus scrambled to clear a backlog of more than 23,000 applications before the end of the year. Speaking before the House Watchdog Committee, Hasikos...
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