Latest Headlines

Archive for 2014

House prices down by 1.3 per cent

House prices in the euro zone were down by 1.3% in the third quarter of 2013, according to new figures from Eurostat, the EU statistics agency, with Cyprus one of the countries with the largest falls.

Property tax review gets underway

The government has appointed the accounting firm of PricewaterhouseCoopers to advise on the administration and consolidation of the various property taxes; the work should be completed in 3 months.

Complimentary tickets to ‘A Place in the Sun Live’

Unlimited complimentary tickets are available for ‘A Place in the Sun Live’, the UK’s largest overseas property exhibition, which will be held at London’s Olympia between 28th to 30th March 2014.

British bases land development agreement

The UK Government has signed an arrangement with the Cyprus Government giving residents increased flexibility to develop private property within the British Sovereign Bases.

Pay up and shut up

Asked to comment on reports that thirty large borrowers were being put under pressure by the Bank of Cyprus to repay their debts, President Anastasiades said they have no option but to pay.

Developers want more time to pay banks

A spokesman for the island’s property developers believes that a fire sale of real estate during a recession would not be good for the country and developers are asking for more time to settle their debts.

Cyprus back in the top 10

Cyprus moved up to take 10th spot in the Top of the Props chart published by the TheMoveChannel.com which records the most searched for overseas destinations to buy property.

Developers attract half billion of fresh money

Property developers have attracted half a billion Euros to Cyprus and the sector is one of the main areas attracting foreign investors according to the Interior Minister, Socratis Hasikos.

Immovable Property Tax refunds on their way

Those who paid their Immovable Property Tax for 2013 prior to the changes agreed by parliament on 18th October should soon an envelope from the Inland Revenue Department with a refund.

European Court action gathers pace

Those wishing to join the action group announced month that is seeking compensation at the European Court of Justice for the mis-selling of Swiss Franc loans have until the 8th February 2014 to sign up.

Back to top