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Liasides buyers act now and object to land auction

As reported last Sunday, the Alpha Bank has filed eight applications at the Paphos Land Registry to auction eight plots of land belonging to bankrupt property developer Yiannis Liasides.
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The Cyprus Property Titanic

The Island's Interior Minister, Neoclis Sylikiotis, has a number of questions to answer in light of applications made by the Alpha Bank to auction eight plots of land that it mortgaged to bankrupt property developer Yiannis Liasides.
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Cyprus: A country in denial and a scandalous political leadership

Despite frequent warnings from the market, the ECB and the Cyprus Central Bank and repeated downgrades by the credit ratings agencies, Cyprus and its political leadership remain in denial.
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Transfer fee reductions could increase public revenue

A number of simple and practical measures could be taken by the government of Cyprus that would encourage the timely transfer of property titles, increase public revenues, reduce tax evasion and support the property market.
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Beating termites & other wood-eating beasties

Termites and other wood-eating pests are a growing problem in Cyprus and while an EU committee has put Cyprus in the red zone for termites, the government is lagging behind the rest of Europe in terms of legislation.
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Transfer tax cut no use while house prices stay inflated

Despite the recession, house prices in Cyprus remain grossly inflated and it is highly unlikely that the suspension/reduction in Property Transfer Fees will have the desired effect until property prices fall to reasonable levels.
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The Greek haircut and the Cyprus real estate market

With the share price of one of the banks in Cyprus having fallen to a 12 year low, the repercussions of the 50 percent haircut on Greek bonds and now the possibility of Greece defaulting are devastating - and the Cypriot real estate sector is part of the problem.
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Another Eurozone country bites the dust

What is unique about Cyprus' collapsing housing bubble is a title deed scandal of unimaginable proportions. But now this nightmare is unravelling the finances of home buyers, developers, banks, and the government.
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The Cypriot real estate market will recover when…

Many reasons have been given for the decline in sales of property in Cyprus in recent times. In our latest 'Have your Say' poll we are asking our readers what needs to be done to set the beleaguered real estate market on the road to recover.
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Vanishing Cyprus: bank domination

In this article from his Vanishing Cyprus series, Andreas Chrysafis considers the developing banking situation and asks the question which government dares to do the right thing?
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Legislation changes will not end Title Deed nightmare

The tardy, dishonest and purposefully complex manner in which Cyprus chooses to sell property will rebound explosively on those involved in the supply chain; the town planning amnesty will bring no peace.
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Town Planning Amnesty deadline approaching

October 7th is last date on which 'Statements of Intent' may be submitted under the provisions of the Town Planning Amnesty. After this date, applicants have three years to apply to the relevant Town Planning or Building Authority for a Certificate of Final Approval.
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Cyprus property buyers – now is the time to act!

The Sale of Immovable Property (Specific Performance) Law, N81(I)/2011 ensures that when a buyer's Contract of Sale is deposited at a Land Registry office in Cyprus they are provided with a degree of legal protection.
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Town Planning Amnesty architects and engineers

The Cyprus Scientific and Technical Chamber (ETEK) has published a list of architects and civil engineers who can assist in the submission of Statements of Intent and Applications under the provisions of the Town Planning Amnesty laws.
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Town Planning Amnesty explained

Yiannis Koutsolambros of the Scientific and Technical Chamber of Cyprus held a seminar at the Paphos UKCA to explain the provisions of the government's Town Planning Amnesty.
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Will Cyprus follow Spain’s example

Will Cyprus follow the example of Spain where the government plans to halve the VAT payable on the sale of newly built housing until the end of the year in an effort to boost its property market?
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Town Planning Amnesty statement of intent DIY guide

People who have bought property in Cyprus and have yet to receive their Title Deeds can file a Statement of Intent to apply for their Title Deeds under the provisions of the Island's Town Planning Amnesty laws.
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Ministry of Interior planning amnesty announcement

The Ministry of Interior has recently made the following announcement concerning the submission of applications under the recently announced Planning Amnesty laws.
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Guilty of tax evasion unless you prove otherwise

The Land Registry is effectively finding you guilty of tax evasion and defrauding the state of much-needed tax revenues if it inflates the amount you have paid for your property when calculating your property transfer fees.
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Use an independent lawyer not an ambulance chaser

If you have concerns about your property purchase, engage the services of an independent fully qualified and registered lawyer; do not use an ambulance chaser.
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