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Property group condemns Title Deeds laws

Just how much damage to the economy, the image of Cyprus and people’s lives will have been caused before the Government shoulders its responsibilities and resolves the Title Deeds issue once and for all?
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Property tax revenues crash

The Cyprus Government coffers are in dire trouble as a result of the crash in property sales which has caused Capital Gains Tax receipts to plummet by more than 83%.
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Bank of Cyprus offers cheap housing loans

The Bank of Cyprus, is offering attractively priced loans of up to EUR 1.5 billion earmarked for housing, business and the hotel/construction industries.
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Credit crunch drives ex-pats home

PENSIONERS who moved to a dream life in Cyprus say they are being left financially crippled by the pound's...
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Cyprus banks to cover exposure in property sector

It is expected that the commercial banks will be called on to cover their big lending exposures in the island's property sector next year following latest economic bulletin the Central Bank of Cyprus.
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20,000 Cyprus property industry workers face job losses

THE president of the Cyprus Construction Association, Sotos Lois, has said that 20,000 workers in the property industry may...
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Credit crunch hits property market

THE credit crunch is hitting the property market in the Paphos region of Cyprus. Other businesses are also being...
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Cyprus property sector should not expect help in crisis

ECONOMISTS and even a government official yesterday scoffed at any notion of state help if the Cyprus property market...
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VAT on building plots from January 2009

We have just learnt that the EU does not intend to grant Cyprus a further postponement regarding the introduction...
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Cyprus property loans surge

ACCORDING to figures released on Tuesday, property loans have surged by 33%. The loan portfolios of the Cyprus banks...
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Cyprus banks impose stricter borrowing measures

RISKS lurking in the Cyprus property market are forcing domestic banks to take stricter borrowing measures to limit their...
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Bank tightens credit risk rules

Later this month, it is anticipated that the Central Bank of Cyprus will issue ‘guidelines' requiring the commercial banks...
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Tax revenues plummet as property boom ends

THE Cyprus Inland Revenue Department has released details of total tax revenues collected during the first 5 months of...
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Property loan growth accelerates

LOAN growth in the domestic market accelerated in April, driven by property loans and loans to non financial organizations. According...
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Cyprus bank eases loan restrictions

THE Central Bank of Cyprus has eased the loan restrictions for the purchase or construction of second properties from...
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Cyprus property tax receipts plummet

ACCORDING to press reports, a decline in Cyprus property prices has resulted in a spectacular fall in Government revenue. During...
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Property chief elected new head of Cyprus bank

THEODOROS Aristodemou, the founder, Managing Director and Chairman of Aristo Developers Plc Group of companies, has been elected the...
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Sotheby’s moves into Cyprus real estate

THE FIRST office of Sotheby's International Realty Affiliates LLC will open in Cyprus by the end of the year,...
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Backlash from Cyprus property developers

THE GOVERNMENT is facing a backlash from Cyprus property developers and estate agents over plans to introduce a 15%...
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Construction loans boom despite Banks’ measures

Despite measures taken by the Central Bank of Cyprus earlier in the year, loan growth hit a 10-year high...
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