repulsewarrior
Deputy
Joined: 06 Jan 2006
Posts: 1767
Location: Canada
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| Quote: |
| Over the next few weeks the Finance Ministry is expected to finalise proposals for the development of around 10,000 unused building plots in the cities, which are designed to ‘encourage’ their owners to release them for housing development. |
http://www.news.cyprus-property-buyers.com/2008/06/06/encouraging-better-land-use/id=00423
| Quote: |
| ...if owners allow their plots to remain undeveloped, they will be penalised by the imposition of higher property taxes. |
...very interesting website. |
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