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Archive for 2016

Cyprus property taxes in 2017

There have been a number of changes to various property taxes in Cyprus in recent times and a summary of the impact of those changes for individuals with property on the island are summarised below.

Our Top 10 stories from Cyprus in 2016

An opportunity to reflect on the news and events that helped to shape the Cyprus property market over the past year in our list of Top 10 stories that have attracted the most readers in 2016.

Growing interest in Cyprus property

Cyprus is back in the top 10 of the November edition of the property portal TheMoveChannel.com’s Top of the Props chart, which records the most searched for overseas destinations to buy property.

More work needed on Title Deeds

There is still considerable work to be done on what the EC refers to as “the currently dysfunctional Title Deeds issuance and transfer system” in its post-programme surveillance report on Cyprus.

Swimming pools law to change?

Laws and regulations regarding the design, construction and authorisation of swimming pools may soon be revised as part of the package to reform Cyprus’ complex and time-consuming planning system.

September building permits up 15 per cent

The number of building permits authorised by the municipal authorities and the district administration offices during September 2016 stood at 467 according to the Cyprus Statistical Service.

Debt release orders secured

Fifty six debt release orders have been secured by the Insolvency Service for debtors who were unable to repay dues of up to twenty five thousand Euro, as a result of the economic crisis.

€40m residential project in Limassol

A 40 million Euro residential construction and development project is planned on the coastline of a prime area in Limassol by Russian businesswoman and philanthropist Yelena Baturinam.

November property sales up 46 per cent

The number of property sales in Cyprus continued their upward trend in November with sales rising by 46 per cent compared to November 2015 according to official figures from the Department of Lands and Surveys.

Unlicensed pool owners in hot water

Auditor General Odysseas Michaelides has called on the police to bring the owners of unlicensed swimming pools to justice due to the serious safety concerns arising from the problem.

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