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28th March 2024
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Monthly Archives: September, 2011

Cyprus falls to twelfth spot in Top of the Props

The interest being show in Cyprus as a destination for overseas property investors has fallen over the last month according to the latest 'Top of the Props' chart published by TheMoveChannel.com

VAT reduction for first-time home buyers agreed

A compromise deal has been reached on a reduction in the VAT payable on new homes by first-time buyers. The law will come into effect on 1st October.

Cyprus property buyers – now is the time to act!

The Sale of Immovable Property (Specific Performance) Law, N81(I)/2011 ensures that when a buyer's Contract of Sale is deposited at a Land Registry office in Cyprus they are provided with a degree of legal protection.

Reduced VAT for first-time home buyers

Discussions on reducing the VAT paid by first-time home buyers are continuing and they may form part of the Cyprus government's second package of austerity measures designed to shore up the Island's economy.

Property revaluations to start in 2012

In Cyprus, an individual's Immovable Property Tax liability is based on the Land Registry's assessment of the market value of a property at 1st January 1980; this is set to change as a reassessment of property values will start next year.

Around 28,000 Title Deeds issued since 2009

Interior Minister Neoclis Sylikiotis has said that around 28,000 Title Deeds have been issued since 2009 following the introduction of new mechanisms and greater coordination between the relevant services.

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