The Cyprus Title Deeds Problem, Cyprus Mortgage Interest Rates and Cyprus Taxes
The Cyprus Government has hired more people and is also equipping the Land Registry Department with better technology to allow 10,000 title deeds to be issued before 30th June 2010.
But the Informer Editor has heard from some hopeful Cyprus property owners of new problems which are stopping the release of Title Deeds by developers.
The Cyprus Revenue have to issue all tax clearances before a new name can be allocated to the Land Register and a new Title Certificate issued. But the problem is that some developers may have tax liabilities that they now do not have the resources to pay. So no transfer and issue is possible.
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