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Property scam shows ugly face of corruption

It has been a long common secret that if you want anything done with your property, then you need to know the right people, in the right place and have the right amount in your pocket.
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The plan

Following a vote in the Cyprus parliament to adopt the Euro, a banker, a government minister, a property developer and a lawyer meet at a restaurant and discuss the plan for the island's future.
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Cypriots are not fools

The government's attempt to enforce a bad law may turn out to be the straw that broke the camel's back. Cypriots are not fools and certainly can no longer be fooled by politicians again
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Immovable Property Tax a malignant tumour

Even though Hasikos claimed that Immovable Property Tax bills would be reduced, the new 2013 valuations will be seen as yet higher indirect taxation in 2015 for 'high density build' concrete palaces.
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An abominable legacy

The former government under President Christofias left behind an abominable legacy, including a wrecked economy, but can the present government under President Anastasiades do any better?
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Land Registry secrecy and mistrust

While the Land Registry refuses to disclose methodologies it employs to value properties it merely reinforces the atmosphere of suspicion and mistrust that pervades the Cyprus property market.
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The property circus show

Why do Cypriots believe that their property should not be seized if they fail to honour their loan repayments and why would any responsible government even give 10 seconds' thought to such lunacy?
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Clarity over property values essential

Land Registry officials have been allowed to arbitrarily determine property values for far too long to boost tax revenue for the state oblivious to the distortions caused to the property market.
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The recent property boom and bust cycle

The continuous increase in property prices created a false sense of security in Cypriot banks and led to further credit expansion and a real estate "bubble" which burst resulting in a large increase in non-performing loans.
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Let’s have coffee, reminisce and moan

Cyprus is at the end of a creative destruction cycle and it's time for businesses and individuals to reinvent themselves, looking at the opportunities that lay ahead rather than reminiscing about how things were.
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Cyprus property valuations now online

Following the revaluation of some 500,000 properties in Cyprus, the revised valuation of any particular property can be viewed on-line at the Department of Lands and Surveys website.
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Cyprus Immovable Property Tax 2014

The law amending the Cyprus Immovable Property Tax Laws for 2014 has now been published in the Cyprus Gazette and it offers a 15 per cent discount for those who pay early.
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Cyprus MPs lunacy in action

Lunatic decisions taken by MPs in Nicosia drove another nail into Cyprus' once thriving property sector when they voted though the bill amending the Immovable Property Tax law for 2014.
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Cheap as chips or curry and chips?

Cyprus is the curry and chips after a long night at the pub and is lucky to have entered the crisis last and at a point where the US and Western European economies have stabilised from the post 2008 turbulence.
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Bank of Cyprus results analysis

There are some concerns highlighted in the Bank of Cyprus Group Financial results published a short time ago that suggest that the island's largest bank is not out of the woods yet.
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Cyprus: Dealing with a crisis

Hit by a severe crisis, Cyprus received financial assistance from the international community in May 2013. One year after, this IMF video explains the origin of the crisis and the subsequent evolution of the country's economy.
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Creating and issuing Title Deeds

Many people wonder why it takes so long for Title Deeds to be issued by District Lands Offices; here is an article contributed by one of our regular readers explaining the process in detail.
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Revised Memorandum of Understanding full text

Available here - the revised Memorandum of Understanding (MoU) between Cyprus and its international lenders following the troika's fourth assessment of the island's adjustment programme.
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Non-performing loans key to economic recovery

Non-performing loans might represent the single impediment to the recovery of not just the Cyprus banking sector but the island's economy according to the CEO of the Bank of Cyprus.
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Does the Troika have the guts to push with NPLs

Does the troika delegation have the intestinal fortitude to deal with the non-performing loans issue while it's undertaking its fourth review of the Cyprus economic adjustment programme?
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