RESIDENTS of two luxury developments in the Paphos village of Kouklia are refusing to pay their local taxes in protest at huge levies they say are being unfairly placed on them by the local council.
Residents of Aphrodite Hills and Ha Potami (Secret Valley) – developments within Kouklia’s...
FINALLY, after more than two months of hot air, speculation, rumour and debate, amendments to the Immovable Property Tax law for 2013 were passed by a slim majority of MPs at yesterday’s plenary session of the House of Representatives.
Only 15 of the 54 MPs present voted for the bill amendments;...
A NEW law passed last night aims to slash residential and industrial rents for a period of one year, in a bid to ease the pressure on tenants and shopkeepers amid the financial squeeze.
Residential rents up to €300 will see a reduction of 15 per cent (up to €45). From €300 and above, a...
IF WE want to see property ownership becoming a privilege of the few, then leave things as they are, said head of the Cyprus Property Owners’ Association Giorgos Strovolides yesterday.
During the association’s general assembly, Strovolides expressed deep concern for the future of the property...
THE BANK of Cyprus has introduced a new housing loan scheme aimed at permanent residents of the island for the purpose of buying a house as a permanent or holiday residence.
The scheme provides for a loan of up to €200,000 at an interest rate of 4.75% with a repayment period of 10 to 40 years.
It...
