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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 13 July 2020 Μελέτη για τις περιοχές των Βρετανικών Βάσεων

    Ανακοινώθηκε η περιβαλλοντική μελέτη για... read more

  • 9 July 2020 Cabinet extends town planning incentives

    THE CABINET on Wednesday decided to extend existing town planning incentives... read more

  • 23 June 2020 Historic deal allows property development in British Bases

    CYPRIOTS who own land in non-military areas inside the British Bases will be... read more

  • 9 June 2020 Cyprus beaches have the best water quality in the EU

    Cyprus had the highest proportion of bathing sites with excellent water... read more

  • 28 May 2020 Coronavirus Anastasiades outlines millions to be pumped into the economy updated

    Fortunately, the government is proceeding with helpful measures in order for... read more

Cabinet extends town planning incentives

THE CABINET on Wednesday decided to extend existing town planning incentives and introduce new ones in a bid to boost growth, Interior Minister Nicos Nouris announced.

   

Speaking after the cabinet meeting, Nouris said beyond the existing plans, the cabinet approved two new targeted actions.

The plans include incentives to people to legalise certain structures like pergolas, which had been constructed without permission or correct mistakes, or build on existing developments. This had been extended until the end of 2021.

There is also the scheme aimed at the tourist industry, which has also been extended until the end of 2021.

The scheme allows hotel owners to keep the original building coefficient if they decide to demolish the unit and build a new one.

The government has also extended the duration of town planning and construction permits that expired between March 17, 2020 and June 30, 2020 until the end of the year.

Also, people would no longer have to provide evidence for information already in the hands of public services.

The minister said from July 13, people would no longer have to attach copies of their title deeds or an immovable property search certificate when filing applications to the land registry, the town planning department, district administrations, and any other departments under the interior ministry.

The same applies for official copies of cadastral plans accompanying property development applications, which can be replaced with unofficial copies downloaded from the land registry portal.