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Bill to repossess homes put on the backburner

The Interior Ministry has informed parliament that a bill enabling mortgaged properties to be repossessed and auctioned off has been "suspended indefinitely due to the economic crisis."
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Future prospects for the real estate market with Rotary

In conjunction with English and Greek speaking Cyprus Rotary Clubs, two presentations 'A review of the Cyprus property market: Changes in demand & Future prospects' will be given by Pavlos Loizou.
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Real estate revenue down 70 percent in last five years

The vice-president of the Cyprus Land and Building Developers Association has warned that the sector's future depends on its ability to address the various challenges it faces and on the global economic rate of recovery.
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Cabinet approves Qatar real estate deal

Cabinet has approved the multimillion Euro deal with Qatar to develop prime real estate in the capital, opening the way for the joint venture to be realised.
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Commission tells Cyprus to lift property restrictions

The European Commission has acted to ensure that EU nationals have unrestricted access to buy a second home in Cyprus.
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Cyprus to host international real estate congress

FIABCI, the International Real Estate Federation, will hold its annual world congress in Cyprus during May 2011 at the Coral Beach Hotel and Resort in Paphos.
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Kuwait and China show interest in Cyprus

Kuwait and China have shown interest in investing in Cyprus tourism, real estate, container management and energy sectors according to the Minister of Commerce, Industry and Tourism Antonis Paschalides.
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Cyprus ministers confirm property tax plan

Following their meeting earlier today, the Cyprus Finance and Interior Ministers have confirmed the government plans for its proposed reappraisal of the Island's property tax system.
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Taxing meeting for Cyprus ministers

The Interior and Finance Ministers of Cyprus are meeting today to discuss the technical issues involved in implementing the recently announced proposals for reassessing the Island’s property tax rates.
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MRI Overseas Property withdraws from NAEA

MRI Overseas Property, which has its Cyprus offices in Paphos & Larnaca, issued the following press release issued on...
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VAT delay on Cyprus land

Cyprus' Minister of Finance, Charilaos Stavrakis, says the Government is confident that it will be able to secure a...
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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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Paphos property sold for 66 million

According to Stockwatch Ltd, KEO has sold its property at the Tombs of the Kings in Paphos to a...
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Cyprus property deals hit CYP 1.7 billion

Easy credit by banks is also widely blamed for fuelling an unprecedented buying spree, with many engaging in speculative activity, which the Central Bank of Cyprus is now attempting to stop.
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Cyprus real estate boom boosts tax receipts

According to the Cyprus Financial Mirror, increased revenue from Capital Gains Tax on Cyprus property sales has been instrumental...
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Price war on Cyprus bank deposits to hurt real estate

An intense price war waged by Cyprus' commercial banks in their bid to attract deposits is likely to hurt...
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Cyprus property owners upbeat after Sarris meeting

A LOBBY group set up to help people facing problems with property developers and real estate agents all over...
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Cyprus developers concerned over banks’ lending freeze

PROPERTY DEVELOPERS yesterday said they were worried about the Cyprus Central Bank’s new rules for mortgage financing, fearing serious...
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Cyprus plot prices boom

The latest increase in property prices is beyond forecasts. According to the new study of the Cyprus Real Estate...
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