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Will the ‘new broom’ sweep clean?

Will the new president of Cyprus, Nicos Anastasiades, persevere and carry through the essential and, in some cases, radical changes that are needed for the country's recovery and long-term sustainability?
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Mortgages muggings and the gutter press

Many individuals and companies in Cyprus are facing difficult years ahead, but as so much sensationalist rubbish has been printed in the UK gutter press, it's time to bring some honesty into the situation.
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Talk of visa-free EU travel tempts Chinese investors

As Cyprus steps up its charm offensive in China, media reports claim that Chinese investors (and those from other non-EU countries) will be granted visa-free throughout the EU once they have acquired a Cyprus residency permit.
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Limassol property market’s dependence on Russians

The number of real estate transactions for December 2012 was recently announced. Once again the number of transactions was reduced compared with the same month last year (-24%) and 2012 'ended' with an 11% reduction in transaction volume compared with 2011.
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VAT on property purchases

Although the standard rate of VAT in Cyprus was increased to 18 per cent on 14th January 2013, concessions are available for those buying property as their first and primary residence.
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Overseas market faces a difficult road to recovery

Following the collapse of the Cyprus overseas property market in 2008, sales at the end of 2012 showed an improvement over the previous year; but the market still has a long way to go and the omens are not good.
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Why aren’t prices falling as much as they should?

The short answer to this interesting question is that property prices tend to be "sticky" on the way down as a lower sales price can often be dismissed as being uncharacteristic of the market.
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Only sick minds could have thought up property tax

Although the troika proposed that property taxes should raise €20 million/annum, the government drafted a bill that would raise ten times that figure according to some calculations.
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Cyprus bailout terms call for title deed delay reduction

Will a reduction in the backlog of Title Deeds to less than 2,000 of cases pending for more than one year, as required by Cyprus' bailout terms, resolve the Title Deed problem once and for all?
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Kill the chicken, eat the eggs, pretend it didn’t happen

Little has been done to resolve the problems that precipitated the crisis in the property sector; many are resisting the need for change and seem intent on making the same mistakes again as if the crisis never happened.
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Problems will continue after property tax shakeup

Significant changes to the way Immovable Property Tax is to be calculated are contained in the island's bailout conditions bringing to an end the use of 1980 values but leaving some problems unsolved.
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Five proposals for property taxation

Lakis Tofarides has called on the government to rethink the tax reform proposals it has submitted to the Troika as he believes they will be catastrophic for the island's real estate sector and will lead to further unemployment.
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Tax hike may trigger land sales

The government's proposed changes to immovable property taxation may encourage property developers to sell their land banks rather than sitting on them, according to a lead consultant.
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Are the authorities waiting for a tragedy like Aberfan?

Local people knew that the land on which the stricken homes at Armou were built was unsafe, so why did the authorities allow their construction without taking ground conditions into account when issuing building permits?
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Vanishing Cyprus: banks bailout – the big lie!

One day, it may be necessary for Cyprus to pull out of the euro to regain its social and economic independence as the "one-size-fits-all" policy has not worked for most EU member states.
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Credible counter proposal needed on bank seizures

The government must formulate a credible counter-proposal, aimed at providing a safety net for genuinely hard-up, house-owners as well as those who have paid for their properties and have no title deeds.
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Title Deed mess must be considered by troika

Troika wants the banks to repossess homes held against non-performing loans within 18 months, but they cannot do this without taking into account the Title Deed mess that blights thousands of buyers.
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How much do Title Deeds cost?

I am often asked the question "how much do Title Deeds cost and are they worth the expense?"; there is much confusion particularly amongst buyers from overseas who may not appreciate the benefits.
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Are we about to meet our NAMAsis?

One of the key suggestions in the Troika's draft proposals for Cyprus is the establishment of an Asset Management Company along the lines of NAMA - Ireland's National Management Agency.
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Cyprus real estate: Is PAMELA coming for a visit?

If the Troika's bailout conditions for Cyprus are implemented, what will be the impact on the island's real estate market? Will we achieve PAMELA, the Proper Asset Management of Estates, Loans and other Assets?
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