Cyprus property Blog and News

  • UK MINISTER for Europe David Lidington yesterday welcomed the “constructive work” done by the Cyprus government over the sensitive issue of title deeds, still pending for thousands of property owners, both foreign and Cypriot. Speaking after a meeting with Foreign Minister Ioannis Kasoulides in...
  • NEARLY 90 per cent of property owners had paid their Immovable Property Tax (IPT) before yesterday’s deadline when the 10 per cent discount offer expired. A tax official who spoke to the CyBC said that of the 236,000 Immovable Property Tax forms sent out, 87 per cent (approximately 207,000) had...
  • PRESIDENT Nicos Anastasiades has sent back to Parliament a law aiming to reduce residential and commercial rents for a period of a year on the grounds it was unconstitutional. The law, meant to come into effect on Friday and expire on October 31, 2014, was applicable to all contracts (rents and...
  • THE STATE wants to see town planning applications processed within three months the Interior Minister said yesterday in a statement entailing drastic changes for a department that notoriously takes years to answer applications. Socrates Hasikos said the state did not want to get in the way of major...
  • CYPRUS Finance Minister Harris Georgiades presented the 2014 budget to Parliament yesterday, warning that it will be the most difficult year for the island’s economy. He stressed the need for proper management of the €10 billion loan agreement with the Troika to avert a new Memorandum. The...
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