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State to offer property for long-term leasing 26 Aug 2013 | 07:22 pm
Following failed attempts during the AKEL administration to promote the use of government property, the cabinet wants to give private investors incentives to take on long term lease agreements. The p...
Immovable Property Tax debacle continues 25 Aug 2013 | 10:10 pm
No sooner had the Council of Ministers agreed changes to the Immovable Property Tax rates for 2013 when AKEL stepped in demanding that first residences should be exempted from this tax. The post Immo...
Cabinet modifies Immovable Property Tax charges 21 Aug 2013 | 05:50 pm
At a meeting in Troodos yesterday, the cabinet decided that those with properties whose 1980 value is €5,000 or less will be exempt from paying IPT and scrapped the €75 minimum charge. The post Cabin...
Immovable Property Tax demands by post 20 Aug 2013 | 01:23 am
The Inland Revenue Department has started to send out Immovable Property Tax demands by post and all property owners will receive a notice by 15 September a tax official has said. The post Immovable ...
Family turns to eBay to sell Paphos property 17 Aug 2013 | 01:50 pm
Having had no success using real estate agents to sell their commercial property opposite the entrance to the Tomb of the Kings archaeological site in Paphos, an enterprising family has turned to eBay...
Transfer fee penalty for delays 13 Aug 2013 | 03:33 pm
The government is considering a change in the law that will impose a penalty of a 10 per cent increase in the Property Transfer Fees payable for buyers who delay depositing their contract of sale. Th...
Is Alpha Bank ready to settle all Cyprus property claims 11 Aug 2013 | 03:46 pm
As thousands of British buyers of properties in Cyprus are taking on the banks before their claims are time-barred on 31st December 2013, the Alpha Bank are beginning to settle claims to stem the tide...
July sales boosted by overseas investors 10 Aug 2013 | 04:50 pm
Although the number of properties sold in Cyprus during July fell 13 per cent compared to July last year, they were boosted by an increase in sales to overseas investors in Nicosia, Limassol and Papho...
Restrictive measures road map unveiled 9 Aug 2013 | 02:20 pm
The restrictive measures on the movement of capital that Cyprus introduced in March could remain in place for a year or two and will only be removed gradually to safeguard financial stability. The po...
Britons cases scheduled for trial in Cypriot court 8 Aug 2013 | 11:54 pm
Provisional trial dates have been set for a Cypriot court to hear cases involving hundreds of UK buyers who were misadvised when buying properties in Cyprus and who are facing 'unpayable' loans. The ...
