Cyprus government abolishes property transfer fees - TRNC take note!

walkerscott


Joined: 13/08/2009
Posts: 901

Message Posted:
04/11/2011 11:44

It's unusual to see a country discriminate against foreigners in the property market as mentioned in the following link: http://www.cyprus44.com/forums/77649.asp

BUT it's amazing to see the RoC Government leading the way, by example, in trying to stimulate their property market by abolishing property transfer fees:

In a measure designed to stimulate growth in the Island’s property sector by reducing the cost of home ownership, Cypriot MPs unanimously agreed to abolish or reduce Property Transfer Fees at a meeting of the House of Representatives.

http://www.news.cyprus-property-buyers.com/2011/11/03/cyprus-government-abolishes-property-transfer-fees/id=009532?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+CyprusPropertyNewsStories+%28Cyprus+Property+News+Magazine%29



http://no-deeds-no-money.moonfruit.com