REAL ESTATE agents were warned yesterday that “appalling practices” of the past have damaged Cyprus’ reputation while similar unprofessional behaviour in the real estate sector today is threatening to destroy the emerging and promising Chinese market.
The message was delivered by Interior...
INTERIOR Minister Socrates Hasikos said on Friday that there are still a few problems to sort out with changes to the Immovable Property Tax (IPT) system.
To date, tax demands have been sent to all owners of properties whose 1980 value is €12,500 or more and the state has collected approximately...
PRESIDENT Nicos Anastasiades said in an interview with Bloomberg in Nicosia yesterday that Cyprus will lift restrictions on the movement of capital in January 2014.
In the interview the president stressed that his administration’s goal is to create the necessary conditions for growth to...
ALTHOUGH the Executive Board of the International Monetary Fund Cyprus recently praised Cyprus for the progress it has made in the rescue program agreed with the Troika, (IMF, EC and ECB), a number of troika officials must be shaking their heads in disbelief on the issue of property taxation....
INTRODUCED in March 2011, Cyprus’ Town Planning Amnesty is designed to resolve some of the problems affecting an estimated 130,000 properties that have yet to be issued with their Title Deeds.
The amnesty enables owners of houses and apartments to ‘legitimise’ planning infringements (on...
